Allianz SE reported robust third-quarter results, with net income attributable to shareholders increasing 15.2% to 2.85 billion euros and operating profit rising 12.6% to 4.43 billion euros, primarily driven by its Property-Casualty segment despite flat total business volume. The German financial services firm also raised its fiscal 2025 operating profit outlook, now expecting at least 17 billion euros, with a likely range of 17 billion to 17.5 billion euros, signaling strong performance and an improved forecast.
Allianz SE reported robust third-quarter financial results, with net income attributable to shareholders climbing 15.2% to €2.85 billion and operating profit rising 12.6% to €4.43 billion year-over-year. Core earnings per share also saw significant growth, advancing 13.7% to €7.44. This strong performance was primarily driven by double-digit operating profit growth in the Property-Casualty segment, though all business units contributed positively. Despite the strong profit growth, total business volume remained flat at €42.8 billion for the quarter. However, internal growth, which excludes currency and M&A effects, was a healthy 5.2%, indicating underlying operational strength. The Property-Casualty segment was a key contributor to this internal growth, achieving 9.5% growth in its €19.7 billion business volume. The company also issued an optimistic outlook, raising its fiscal 2025 operating profit guidance to "at least €17 billion," which is the upper end of its previous range. Allianz now anticipates a likely operating profit range of €17 billion to €17.5 billion, signaling increased confidence in its future profitability. This revised guidance, coupled with the strong Q3 results, suggests a positive trajectory for the financial services major.
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