MUNICH -
Thursday, 12. November 2026
(BUSINESS WIRE) -- 3Q 2026
-
Total business volume at 44.4 billion euros, an internal growth of 3.0 percent1. Excellent contribution from Asset Management and good internal growth in Property-Casualty.
-
Operating profit rises 6.2 percent to 4.7 billion euros, driven by an outstanding result from the Asset Management segment, attributable to higher business volume and margins, and a strong contribution from Life/Health.
-
Shareholders’ core net income increases 1.2 percent to 2.9 billion euros. Adjusted for offsetting measures following the sale of the stake in our Indian JVs, underlying growth is 3 percent.
9M 2026
-
Total business volume at 143.0 billion euros, an internal growth of 3.8 percent 1 , driven by excellent growth in Asset Management and good internal growth in Property-Casualty.
-
Operating profit rises 7.8 percent to 14.1 billion euros, our highest nine-month operating profit ever.
-
Shareholders’ core net income advances 10.6 percent to 9.3 billion euros. Adjusted for divestment effects and offsetting measures, underlying growth is strong at 7 percent2.
-
Core earnings per share increase 12.7 percent and reach 24.15 euros, an excellent underlying growth of 8 percent 2 .
-
Annualized core RoE at 20.1 percent; underlying level excellent at 19 percent 2 .
-
Solvency II ratio3 stands at a strong level of 219 percent4, an increase of 1 percentage point compared with full-year 2025. Capital generation remains strong.
Outlook & other
-
Following the strong performance, Allianz raised the upper end of its full-year 2026 operating profit target range to around 18.6 billion euros5, 6.
-
Share buy-back program of up to 2.5 billion euros announced on February 25, 2026 was fully executed as of September 2026.
CEO comment
"Allianz’s record operating profit of 14.1 billion euros for the first nine months of 2026 reflects the disciplined execution of our strategy. Yet we are not standing still: at a time when many people are finding protection and retirement solutions harder to afford, we are working to leverage our scale and expertise to deliver relevant, accessible solutions to our clients.
This starts with deepening our understanding of what our customers perceive as value, and not losing sight of the seemingly small, and often very human, details that make a difference to them. Smart growth is driven by competence, resilience, and efficiency, yet sustainable customer growth is a matter of care and trust."
- Oliver Bäte, Chief Executive Officer of Allianz SE
View full article here - https://www.aetoswire.com/en/news/1211202659083
About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the eighth consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2026 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 769 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.2 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.
* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.
** As of September 30, 2026.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update
Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
Other
The figures regarding the net assets, financial position and results of operations have been prepared in conformity with International Financial Reporting Standards. This Quarterly Earnings Release is not an Interim Financial Report within the meaning of International Accounting Standard (IAS) 34. This is a translation of the German Quarterly Earnings Release of the Allianz Group. In case of any divergences, the German original is binding.
Privacy Note
Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261111915059/en/
Contacts
Media contacts
Frank Stoffel Tel. +49 160 9011 5157 e-mail: frank.stoffel@allianz.com
Ann-Kristin Manno Tel. +49 151 2990 1517 e-mail: ann-kristin.manno@allianz.com
Johanna Oltmann Tel. +49 151 1164 6551 e-mail: johanna.oltmann@allianz.com
Fabrizio Tolotti Tel. +49 151 5995 6396 e-mail: fabrizio.tolotti@allianz.com
Investor Relations contacts
Andrew Ritchie Tel. +49 89 3800 3963 e-mail: andrew.ritchie@allianz.com
Reinhard Lahusen Tel. +49 89 3800 17224 e-mail: reinhard.lahusen@allianz.com
Christian Lamprecht Tel. +49 89 3800 3892 e-mail: christian.lamprecht@allianz.com
Tobias Rupp Tel. +49 89 3800 7151 e-mail: tobias.rupp@allianz.com
