Allianz Reports Increased Q3 Profit, Stable Business Volume; Projects FY25 Profit at Upper Range of Expectations
Financial Performance: Allianz SE reported a 15.2% increase in net income attributable to shareholders, reaching 2.85 billion euros, and a 12.7% rise in shareholders' core net income to 2.86 billion euros for the third quarter.
Operating Profit Outlook: The company anticipates an operating profit of at least 17 billion euros for fiscal 2025, with expectations of full-year profits between 17 billion and 17.5 billion euros.
Business Volume Stability: Total business volume remained flat at 42.8 billion euros, but internal growth was noted at 5.2%, driven by strong performance in Property-Casualty and Asset Management.
Segment Contributions: The Property-Casualty insurance segment saw a total business volume of 19.7 billion euros, with an internal growth rate of 9.5%, contributing significantly to the overall operating profit growth.
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