Allianz delivered another quarter of robust financial performance, driven by strong growth in our Property-Casualty business. The Group's operating profit and solvency ratio proved resilient against heightened volatility and a fundamentally weaker economic environment.
We are well-positioned to manage the impact of high inflation and the economic pressures that are particularly evident in Europe. Allianz will continue to deploy our advantages of stability and scale for the benefit of our customers and shareholders”, stated Oliver Bate, Chief Executive Officer of Allianz SE, speaking on the Group’s performance.
2Q 2022:
- Total revenues rise 8.2 percent to 37.1 billion euros
- Operating profit increases 5.3 percent to 3.5 billion euros, driven by Property-Casualty business segment
- Net income attributable to shareholders amounts to 1.7 billion euros, down 23.3 percent
- Robust Solvency II capitalization ratio of 200 percent
6M 2022:
- Total revenues surge 7.2 percent to 81.2 billion euros
- Operating profit rises 1.2 percent to 6.7 billion euros
- Net income attributable to shareholders 2.3 billion euros, a decrease of 52.7 percent, mostly due to a provision booked in the first quarter in relation to the AllianzGI U.S. Structured Alpha proceedings
Outlook:
2022 operating profit target confirmed at 13.4 billion euros, plus or minus 1 billion euros
Dive into the numbers HERE