Allianz: Net profit to shareholders +52% to 3.69 billion
Thanks to the capital gain from the sale of a joint venture in India. Turnover 53 billion (-1.8%), operating profit 4.5 billion (+6.6%), slightly below expectations
Allianz, Europe's largest insurance company, closed the first quarter of 2026 with a record operating profit of EUR 4.5 billion, up 6.6 per cent year-on-year, despite a 5 per cent decline in health and life insurance in an environment described as volatile.
Earnings are slightly lower than expected, the consensus gathered by FactSet was for a profit of EUR 4.6 billion. Allianz, however, said it was on track to achieve a full-year operating profit of EUR 17.4 billion, with a variance margin of plus or minus EUR 1 billion.
Net profit attributable to shareholders jumped 52% to EUR 3.69 billion, thanks to the capital gain from the sale of a joint venture in India.
Revenues amounted to EUR 53 billion, down 1.8% year-on-year, due to anearly 10% decrease in revenues in health and life insurance, down to EUR 23 billion.
This decrease was attributed to the disposal of interests in joint ventures in Italia with UniCredit and in India, as well as to currency effects.
