Allianz Increases Operating Profit by 6.8% to 4.0 Billion Euros

Allianz Increases Operating Profit by 6.8% to 4.0 Billion Euros

Business Wire

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MUNICH--(BUSINESS WIRE)--May 15, 2024 1Q 2024: Total business volume advances 5.3 percent to 48.4 billion euros Operating profit increases 6.8 percent to 4.0 billion euros driven by the Property-Casualty business segment, supported by good results in the Asset Management and the Life/Health business segments Shareholders’ core net income rises to 2.5 billion euros, up by 15.7 percent Strong Solvency II capitalization ratio of 203 percent1 Outlook: 2024 operating profit target maintained at 14.8

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