Allianz’s performance was driven by strength in its Property & Casualty division, which posted a 5% higher operating profit than expected, reaching €1,969 million.
The Life segment also performed strongly, with new business volumes exceeding forecasts by 20%, largely due to gains in markets like the U.S. and Germany. Additionally, the solvency ratio improved to 209%, adding a degree of financial stability and reflecting lower mark-to-market pressures. Despite this, the division reported total assets under management of €1.84 trillion, benefiting from market gains and inflows in its flagship PIMCO unit.“However, we continue to argue that expectations into the CMD on December 10 leave limited room for upside surprise,” said analysts atRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.