Allianz SE's (AZ) positive earnings trend seen in the first quarter continued in the subsequent quarter April through June, the group's chief operating officer, Oliver Baete, said Thursday.

"The positive trend has continued in the second quarter to date," Baete said on the sidelines of a conference, adding: "It continued in all business segments."

Baete will become Allianz's chief financial officer Sept. 1. Allianz is Europe's largest insurer by market capitalization.

At 1134 GMT, Allianz shares were down EUR0.60, or 0.9%, at EUR64.60, outperforming the wider market, which was down 1.2%.

Company Web site: www.allianz.com

-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com