(by M.Riley)
German insurer Allianz AG, Europe’s biggest financial- services company, said second-quarter earnings fell 7.2%. Net income of company fell to 614 million euros from a restated 662 million euros in the year-ago period. Profit surpassed the 589 million-euro median estimate of 12 analysts surveyed by Bloomberg. In the first half net income rose to 1.29 billion euros from 146 million euros in the year-earlier period.