Allianz Achieves Record Operating Profit Amidst Uncertainty

In the first quarter of 2025, Allianz has reported a record operating profit of 4.2 billion euros, marking a 6.3% increase compared to the same period last year. The total business volume saw an 11.7% rise, totaling 54.0 billion euros. This growth reflects continued robust performance across all business segments, with the Life/Health insurance sector being a key contributor. Shareholders' core net income remained stable at 2.6 billion euros, factoring in a one-off tax provision due to an impending sale of stakes in Indian Joint Ventures.

Allianz maintains a strong Solvency II capitalization ratio of 208%, highlighting financial resilience despite market volatility. The company has also reaffirmed its full-year profit outlook of 16 billion euros, plus or minus 1 billion euros. A share buy-back program up to 2 billion euros is underway, with 0.1 billion euros completed in Q1 2025.