According to the company’s website press release on November 9, 2022, Allianz announced Earnings Release: 3Q and 9M 2022.
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
