ΓΡΑΦΕΙΟ ΤΥΠΟΥ Δελτία Τύπου
Δελτία Τύπου
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Allianz delivers record operating profit in strong start to 2026
1Q 2026
• Total business volume at 53.0 billion euros, an internal growth of 3.5 percent1. This was driven by a strong development in Property-Casualty and Asset Management
• Operating profit rises 6.6 percent and reaches a record level of 4.5 billion euros
• Shareholders’ core net income advances by 48.4 percent to 3.8 billion euros, impacted by the sale of the stakes in our Indian Joint Ventures. Underlying growth, which adjusts for the sale effects and offsetting measures, is strong at 7 percent2
• Core earnings per share grow 50.7 percent and reach 9.96 euros. Adjusted for the above-mentioned effects, underlying growth is excellent at 9 percent2
• Annualized core RoE at 24.2 percent, underlying level very strong at 18 percent2
• Solvency II ratio3 increases by 2 percentage points to 221 percent4. Capital generation was stron
Outlook & other
• Allianz is on track to achieve its full-year operating profit outlook of 17.4 billion euros, plus or minus 1 billion euros5
• Share buy-back program of up to 2.5 billion euros announced on February 25, 2026 underway; 0.3 billion euros completed in 1Q 2026
CEO comment
“Allianz delivered a record operating profit in the first quarter of 2026 – a testament to the strength of our fundamentals and the effectiveness of our customer-centered strategy.
We remain disciplined in our delivery as we work to expand affordable protection and retirement for more people, harnessing the potential of AI to serve them in an even more efficient and personalized way.
By rigorously combining technological advancements with our expertise and empathy to meet customer needs, we create a unique value proposition and opportunities for everyone who puts their trust into Allianz.“
- Oliver Bäte, Chief Executive Officer of Allianz SE
FINANCIAL HIGHLIGHTS
Allianz Group: Strong start to 2026
Property-Casualty insurance: Another record performance
| Core messages Property-Casualty insurance 1Q 2026 • Sustained strong internal growth, in particular in retail • Highest quarterly operating profit ever, reaching 27 percent of our full-year outlook midpoint • Combined ratio excellent; strong underwriting performance and very good expense ratio |
In 1Q 2026, total business volume reached 28.3 (1Q 2025: 27.0) billion euros. Internal growth was strong at 6.8 percent, sustaining the good momentum from last year. Allianz maintained a successful balance of growing its business while keeping underwriting discipline.
The record operating profit of 2.4 (2.2) billion euros marked a successful start to the year, reaching 27 percent of our full-year outlook midpoint. Operating profit advanced 11.1 percent, entirely driven by a higher insurance service result.
The combined ratio improved to an excellent level of 91.0 percent (91.8 percent), ahead of our full-year outlook of 92 to 93 percent. This development was supported by the loss ratio and expense ratio.
The loss ratio was at a strong level of 67.3 percent (67.7 percent), an improvement of 0.4 percentage points. The expense ratio developed favorably by 0.5 percentage points to 23.7 percent, reflecting top-line growth and productivity gains.
The retail⁸ business sustained its momentum and delivered strong internal growth of 8 percent. The segment’s combined ratio further improved to 91.4 percent (91.8 percent).
In the commercial⁹ business, internal growth of 6 percent was good. The segment achieved an excellent combined ratio of 90.3 percent (91.7 percent).
Further information about our 1Q 2026 financial results can be found here