Allianz Life Reports Solid Operating Profits and Premium for 2009

MINNEAPOLIS, Feb 26, 2010 (BUSINESS WIRE) -- Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) today posted the highest operating profit in the company's 110-year history at nearly $800MM for its 2009 financial year. The results can be attributed to strong operational performance coupled with rebounding economic conditions, including rising interest rates and narrowing credit spreads, which may not continue or be as impactful in 2010.

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