Allianz Profit Jumps 52% as Assets Top €2 Trillion

Allianz reported a record first-quarter profit, driven by strong inflows at its asset management businesses that pushed third-party assets under management higher. The update points to solid operating momentum and improving fund flows, which are supportive for earnings quality and asset-based fee revenue.

Analysis

Allianz reported a record first-quarter profit, driven by strong inflows at its asset management businesses that pushed third-party assets under management higher. The update points to solid operating momentum and improving fund flows, which are supportive for earnings quality and asset-based fee revenue.