Allianz Versicherungsgessellschaft achieves record operating result and is well on the way to reaching its full-year target.
Total business volume increases by 11.7 percent to 54.0 billion euros, reflecting the sustained momentum in all segments.
segments.
Operating result increases by 6.3% to EUR 4.2 billion, reaching 26% of the mid-point of our full-year outlook
Adjusted quarterly net income attributable to shareholders is stable at a very good level of EUR 2.6 billion.
Adjusted for a one-off tax provision in connection with the forthcoming sale of our stake in our Indian joint ventures, adjusted quarterly net income attributable to shareholders rose by 5 percent
Adjusted earnings per share increased by 2.9% to EUR 6.61.
Adjusted for the aforementioned one-off tax provision, adjusted earnings per share rose
adjusted earnings per share rose by 7 percent
The annualized adjusted return on equity was a solid 16.6%.
Adjusted for the one-off tax provision, the annualized adjusted return on equity was 17.2%
Solvency II capitalization ratio remains strong at 208 percent.
Outlook:
Allianz is well on track to achieve its full-year operating profit target of 16.0 billion euros, plus or minus 1 billion euros
A strong balance sheet, low Solvency II sensitivities and attractive customer solutions give Allianz a competitive advantage in the face of current capital market volatility and geopolitical uncertainties