Urgent.News

600+ sources. One page. See who else covered it.

Editions

Business

Allianz: Versicherer sieht sich auf Kurs und übertrifft Erwartungen

Der Münchner Versicherer bekräftigt die Ziele für das Gesamtjahr – dank eines starken operativen Geschäfts. Unter dem Strich sank der Quartalsgewinn allerdings.

Original German Read in English

Allianz: Versicherer sieht sich auf Kurs und übertrifft Erwartungen

Deutschland's leading insurance group, Allianz, reported a record profit in the second quarter, exceeding analysts' expectations. The company's operating result increased by 10.6 percent to 4.9 billion euros, surpassing the average forecast of 4.6 billion euros. Growth in asset management and life and health insurance significantly contributed to the increase, Allianz announced on Wednesday.

Overall business volume rose by 5.7 percent to 45.6 billion euros. Quarterly operating profit stood at 9.4 billion euros. Finance chief Claire-Marie Coste-Lepoutre confirmed the company's targets for the year, suggesting the upper end of the prognosis could be achieved: "All business segments' operating results are above their respective yearly targets."

Allianz had set an operating profit of 17.4 billion euros for 2026, with a range of plus or minus one billion euros. However, the overall profit in the second quarter fell by 12.7 percent to 2.6 billion euros, falling short of analyst expectations. Excluding special effects like a disposal profit from the previous year and measures following the sale of interests in Indian subsidiaries, the profit would have increased by ten percent, Allianz emphasized.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Friday 7 August →