Tue. Dec 3rd, 2024

Allianz Q3 2024: 14% growth in Operating Profit, Driven by Property and Casualty Insurance

ByLisa Luckas

11/13/2024
a building with a sign on top of it
  • Allianz records 14% growth in operating profit in Q3 2024, driven by property and casualty insurance.
  • Total business volume increased by 17.3% to 42.8 billion euros.
  • Adjusted net profit for the period attributable to shareholders increased by 23% to EUR 2.5 billion.
  • For the first nine months of 2024, the business volume grew by 9.6% to EUR 133.9 billion, with an operating result of EUR 11.8 billion (+7.9%).
  • Allianz expects an annual result in the upper half of the target range

Wed Nov 13 07:01:59 -0000 2024 UTC– Allianz’s financial report for Q3 and 9M of 2024 shows 14% growth in operating profit in Q3, expecting full-year results in the upper half of the target range. Business volume increased significantly, with positive results in all sectors.

The company’s CEO highlights strong performance and brand recognition, emphasizing customer service and profitability.

Key areas like Property & Casualty and Life & Health insurance saw substantial growth, while Asset Management reported strong inflows and higher managed assets.

Operating results and solvency ratios remained robust, positioning Allianz well for the future.

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ByLisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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