The Allianz earned significantly more in the second quarter and exceeded expectations-and benefited in particular from its damage-accident business.
Europe’s largest insurer confirmed the outlook for the year as a whole.
The operational profit rose by 12 percent to 4.4 billion euros. Analysts had expected 4.27 billion in a consensus compiled by the company itself. The damage-accident business alone increased the profit by almost a fifth. The net win rose by 13 percent to 2.84 billion euros. Adjusted, he increased by 17 percent to 2.98 billion euros.
In the current year, Allianz SE continues to expect an operational profit at the previous year’s level of 16.0 billion euros, with deviations of EUR 1 billion up or down. The analyst consensus is already a good 17 billion euros.
Allianz’s shares will be positive to the insurer’s quarterly figures on Thursday. On the Tradegate trading platform, you will temporarily increase by 1.6 percent to 358 euros compared to the Xetra closing the previous day.
After a surprisingly good quarter with lower disaster damage, the Allianz sees itself on a good way to the result goal for 2025.
The core win had exceeded expectations by a pleasant seven percent, emphasized Jefferies analyst Philip Kett in a first reaction. The so -called solvability of the asset was also strong.
Dow Jones / DPA-AFX
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