Allianz: Current Assets for Life, Properties Insurance Hit EGP5 bln in 2013

The Board of  Directors of Allianz Insurance Company, Udo Krueger said the total current assets which by Allianz General Insurance and Allianz Life Insurance reached EGP5.232 billion at the end of last December.

Krueger explained that the total managed assets by Allianz General and Properties insurances reached up EGP945 million in the last year, compared to EGP4.287 million for Allianz Life Insurance.

Moreover, Allianz Life insurance succeeded in attaining EGP1.085 billion premiums at the end of the last year, compared to EGP238 million achieved premiums for Allianz General and Properties insurance, Krueger added.