7th August 2022

Allianz acheives E3.5bn Operating Profit in second quarter-confirms full year outlook
Trend

Highlights are::
-Total revenues rise 8.2% to E37.1bn
-Operating profit increases 5.3% to E3.5bn, driven by Property-Casualty business segment
-Net income attributable to shareholders amounts to E1.7bn, down 23.3%
-Robust Solvency II capitalisation ratio of 200%
Half year 2022:% to E81.2bn
-Operating profit rises 1.2% to E6.7bn
-Net income attributable to shareholders E2.3bn, a decrease of 52.7%, mostly due to a provision booked in the first quarter in relation to the AllianzGI US Structured Alpha proceedings
Outlook:
-2022 operating profit target confirmed at E13.4bn plus or minus E1bn
Other:
-Share buy-back programme of E1bns completed: 5.1 million shares acquired by 15th July 2022

Allianz Trends(793 articles)

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