Group Affirms Full-year Outlook
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 billion euros, plus or minus 1 billion euros2
Other:
- 1 billion euros share buy-back started, 0.5 billion euros completed
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1 |
Excluding the application of transitional measures for technical provisions and with quarterly dividend accrual. |
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As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group. |
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