Allianz Records 14 Percent Operating Profit Growth For Third Quarter 2024

Allianz: 3Q and 9M 2024
The group targets the upper half of the full-year outlook.
3Q 2024:
  • Total business volume advances 17.3 percent to 42.8 billion euros
  • Operating profit increases 13.6 per cent and reaches 3.9 billion euros, attributable to very good results in the Property-Casualty segment
  • Shareholders’ core net income reaches 2.5 billion euros, an increase of 23.0 per cent
9M 2024:
  • The total business volume rises 9.6 per cent to 133.9 billion euros
  • Operating profit increases by 7.9 per cent to 11.8 billion euros driven by all business segments
  • Shareholders’ core net income advances 12.3 per cent to 7.6 billion euros
  • Strong Solvency II capitalization ratio of 209 percent1
Outlook:
  • Following the strong performance in the first nine months of the year, Allianz expects the 2024 operating profit to be in the upper half of the target range of 14.8 billion euros, plus or minus 1 billion euros2
  • The previously announced share buy-backs in the total volume of 1.5 billion euros have been fully executed by October 2024
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Allianz
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