on Allianz SE (isin : DE0008404005)
Allianz SE: Record Profits in First Half of 2024
Allianz SE has achieved record profits in the first half of 2024. The company’s total business volume rose by 6.4% to €91.0 billion, and operating profit increased by 5.3% to €7.9 billion, driven by strong performance across all segments. Shareholders’ core net income advanced 7.7% to €5.0 billion, supported by a robust Solvency II capitalization ratio of 206%.
In the second quarter alone, Allianz saw a 7.6% increase in total business volume to €42.6 billion, with an operating profit of €3.9 billion. Despite natural catastrophe impacts, the Property-Casualty segment showed resilience, and the company's swift response to customer claims mitigated further losses.
Allianz reaffirms its 2024 operating profit target of €14.8 billion. The company also announced a share buy-back of €1.5 billion, with €1 billion already executed by July 2024.
R. P.
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