Allianz sees record gain in 2024 when all segments grow

Allianz has registered a record profit of € 16 billion for 2024, an increase of 8.7% compared to 2023, supported by all business sections, whereby the real estate business is the main driver.

In the meantime, the company's net result in 2024 was EUR 9.9 billion, an increase of 16.3% compared to 2023, while the entire business volume rose by 11.2% to EUR 179.8 billion.

The business volume of the business volume in Allianz 'real estate casual insurance segment in 2024 rose by 8.3% to € 82.9 billion, while the operating profit in this segment rose by 14.3% to EUR 7.9 billion.

The company explained that the main drivers were a better result for the company insurance service and a higher surgical investment result.

The combined ratio of Allianz 'real estate casual improved to 93.4%, and the loss was 69.3%, since lower natural disaster losses and the underlying improvements were compensated for by less drain.

With regard to the Allianz's life/health insurance segment, the current value of new business premiums in 2024 increased significantly to € 81.8 billion, which increased an increase of 21.6% compared to 2023, which is due to growth in almost all companies.

The 2024 operating profit in this segment reached € 5.5 billion, supported by positive developments in most regions.

As for the Alliance's asset management segment, operating turnover rose to € 8.3 billion in 2024, while the operating profit rose to 3.2 billion euros.

Claire-Marie Coste-Lepoutre, Chief Financial Officer from Allianz, said: “Allianz 'excellent results for 2024 and the consistency of our delivery again underline our ability to create a sustainable value for all stakeholders invested in our success. In an environment with a subdued economic growth and a significant level of natural disasters, we have achieved record gain and net results.

“All segments ended the year about their operational profit target medium -sized points, which demonstrates the resilience of our business model. Building on our strong foundations, we are entering confidence 2025. We lifted our ambitions on December on the day of our capital market day and are obliged to continue to achieve attractive returns for our shareholders. “

Oliver Bäte, Chief Executive Officer from Allianz, added: “In 2024, Allianz provided a further set of finance results that are underpinned by strong performance in all segments, consistently high customer satisfaction and the commitment of record employees.

“Alliance is still the trustworthy partner of choice for our customers in a global context, in which above -average natural disasters, armed conflicts and the deepening of polarization continue to create significant volatility.

“These conditions increase the need for what Allianz offers its customers and the world: a safe future that leads to greater prosperity.

“Our renewed strategy, which was recently announced on our day of the capital market, underlines our conviction in growth and our trust in our resistance and our skills. If we recognize the value of our in -depth customer relationships, we increase our ambitions to achieve an even higher capital -efficient growth in the coming quarters and years. “