Allianz Profit Rises on Robust Property-Casualty Results
By Aimee Look
Allianz's profit rose in the first quarter, with its property-casualty and asset management portfolios leadingbusiness volume growth.
Europe's largest insurer by market capitalization booked 3.69 billion euros, equivalent to $4.33 billion, in net profit attributable to shareholders, compared with 2.42 billion euros in the same period a year ago.
Total business volume, or revenue, grew 3.5% on an internal basis, to 53 billion euros. The German group said the metric was bolstered by strong development in property-casualty and asset management.
For the property-casualty section, business volume was 28.3 billion euros, with 6.8% internal growth from the year prior.
"Allianz's first-quarter performance reflects the quality of our diversified portfolio," Chief Financial Officer Claire-Marie Coste-Lepoutre said.
The insurer said group operating profit rose 6.6% to record 4.52 billion euros. Median analyst estimates were for group operating profit of 4.37 billion euros, according to company-compiled figures.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
May 13, 2026 01:41 ET (05:41 GMT)
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