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Allianz loses 2.4 billion euros in 2008

Mohit Joshi 26 February 2009

Allianz loses 2.4 billion euros in 2008 Munich - German insurance giant Allianz reported Thursday that it lost 2.4 billion euros (3.1 billion dollars) in 2008.

Europe's largest insurer said earnings were adversely impacted by the costs of the sale of Dresdner Bank to Commerzbank and by the overall effects of the international financial crisis. (dpa)

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