Allianz: Operating profit grows by 7.4 percent to 3.5 billion euros in 3Q

Group confirms full-year outlook

3Q 2022:

• Total revenues rise 1.3 percent to 34.8 billion euros
• Operating profit increases 7.4 percent to 3.5 billion euros, driven by excellent performance in the Property-Casualty business segment
• Net income attributable to shareholders rises 16.7 percent to 2.5 billion euros
• Solvency II capitalization ratio comfortable at 199 percent1

9M 2022:

• Total revenues increase 5.3 percent to 116.0 billion euros
• Operating profit rises 3.2 percent to 10.2 billion euros
• Net income attributable to shareholders at 4.7 billion euros, a decrease of 31.5 percent, mainly due to a provision booked in the first quarter in relation to the AllianzGI U.S. Structured Alpha proceedings

Outlook:

• 2022 operating profit outlook expected in the upper half of the target range of 13.4 billion euros, plus or minus 1 billion euros2

Other:

• New share buy-back program of up to 1 billion euros announced

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