As standard practice, the Allianz Group has released its financial results for the third quarter and first 9 months of 2022. The Group has recorded an operating profit of 3.5 billion euros in the third quarter of the year and 10.2 billion euros cumulatively from the start of the year till date.
In Q3, Allianz recorded a revenue growth of minus 3.7% which adjusts for foreign currency translation and consolidation effects. However, the total revenue growth for the first 9 months is recorded at 1.6%, driven by the Property Casualty business segment. The Solvency II capitalization ratio was 199% at the end of the third quarter of 2022 compared with 200% at the end of the second quarter of 2022. Including the application of transitional measures for technical provisions, the Solvency II capitalization ratio was 227% at the end of the third quarter compared with 227% at the end of the second quarter.