Alliance ($ALV (+0,6%) )
Financial Highlights
Total sales: € 54.0 billion, an increase of 11.7% compared to the previous year, driven by continued momentum in all segments.
Operating result: € 4.2 billion, a record figure and an increase of 6.3% compared to the previous year; corresponds to 26% of the mid-year target.
Core net income of shareholders: stable at € 2.6 billion; adjusted for a one-off tax charge in connection with the planned sale of shares in Indian joint ventures, this results in an increase of 5%.
Core earnings per share (EPS): € 6.61, an increase of 2.9%; adjusted for the above-mentioned tax charge, an increase of 7%.
Annualized core return on equity (RoE): 16.6%; adjusted for the tax charge 17.2%.
Solvency II capital ratio: 208%, reflecting a strong capital base.
Outlook and strategic initiatives
Annual outlook 2025: Confirmation of the operating result target of € 16.0 billion, with a range of ±€ 1 billion.
Share buy-back program: a buy-back program of up to € 2 billion announced in February 2025 is underway; € 0.1 billion was already bought back in the first quarter
Management comments
Oliver Bäte, CEO: Emphasizes Allianz's financial strength and resilient business model, which benefits from attractive customer propositions and is able to operate successfully in an uncertain geopolitical and economic environment.
Claire-Marie Coste-Lepoutre, CFO: Highlighting the strong start to the year with sustainable growth and attractive margins; confirmation of the full-year outlook and focus on the implementation of strategic priorities.
