According to Insurance Business Magazine, Allianz has reported €4.4 billion in operating profit for the second quarter of 2025 – a 12.2 per cent increase compared to the same period in 2024.
Total business volume rose by eight per cent to €44.5 billion, with all business segments contributing.
Second-quarter shareholders’ core net income reached €3.0 billion, up 17.3 per cent year-on-year. Adjusted for a €0.3 billion disposal gain from the UniCredit joint venture, core net income rose 7.1 per cent.
Allianz also reiterated that its €16.0 billion full-year operating profit target, with a tolerance of ±€1.0 billion, accounts for possible external pressures such as natural catastrophe losses and capital market volatility.
For the first half of 2025, Allianz posted a 9.3 per cent increase in operating profit to €8.6 billion, marking its highest ever half-year result. This figure represents 54 per cent of the group’s full-year operating profit outlook midpoint of €16.0 billion, with a variation range of ±€1.0 billion. Shareholders’ core net income rose 9.5 per cent to €5.5 billion.
After adjusting for a one-off tax provision linked to the upcoming sale of Allianz’s stake in Indian joint ventures in the first quarter and the UniCredit disposal gain in the second quarter, core net income increased by 6.2 per cent.
Total business volume for the six-month period was €98.5 billion, up from €91.0 billion in the same period last year, representing internal growth of 10.1 per cent. The life/health segment recorded notable contributions, although all business areas saw growth.
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