JAKARTA, Aug 28 Asia Pulse - Two Indonesian units of the German-based Allianz Group posted a 10 per cent decline in pre tax profits in the first half of the year on lower premium investment.

PT Allianz Life, a life and health insurance subsidiary, reported Rp37 billion (US$4 million) in pre-tax profit down from Rp41 billion, the newspaper The Jakarta Post said, quoting company's statement.

Claims paid by the company surged 51 per cent to Rp380 billion from Rp252 billion, the statement said.

The decline in profit was not because of the increase in spending but was more as a result of lower investment amid the global economic uncertainty, Allianz Life President Jens Reisch said.

Meanwhile, PT Allianz Utama, a loss insurance company recorded a decline in pre tax profit to Rp27.3 billion from Rp30.3 billion in the same period.

Its claim payments also surged 87 per cent to Rp109.1 billion from Rp58.3 billion.

(ANTARA)