Group Targets Upper Half of Full-Year Outlook

MUNICH--(BUSINESS WIRE)--November 13, 2024

3Q 2024:

• Total business volume advances 17.3 percent to 42.8 billion euros
• Operating profit increases 13.6 percent and reaches 3.9 billion euros, attributable to very good results in the Property-Casualty segment
• Shareholders’ core net income reaches 2.5 billion euros, an increase of 23.0 percent

9M 2024:

• Total business volume rises 9.6 percent to 133.9 billion euros
• Operating profit increases by 7.9 percent to 11.8 billion euros driven by all business segments
• Shareholders’ core net income advances 12.3 percent to 7.6 billion euros
• Strong Solvency II capitalization ratio of 209 percent1

Outlook:

• Following the strong performance in the first nine months of the year, Allianz expects the 2024 operating profit to be in the upper half of the target range of 14.8 billion euros, plus or minus 1 billion euros2
• The previously announced share buy-backs in the total volume of 1.5 billion euros have been fully executed by October 2024