MUNICH--(BUSINESS WIRE)--August 8, 2024
2Q 2024:
- Total business volume advances 7.6 percent to 42.6 billion euros
- Operating profit reaches 3.9 billion euros driven by good results in all segments
- Shareholders’ core net income stable at 2.5 billion euros
6M 2024:
- Total business volume rises by 6.4 percent to 91.0 billion euros
- Operating profit increases by 5.3 percent to 7.9 billion euros driven by all segments
- Shareholders’ core net income advances 7.7 percent to 5.0 billion euros
- Strong Solvency II capitalization ratio of 206 percent1
Outlook:
- 2024 operating profit target affirmed at 14.8 billion euros, plus or minus 1 billion euros2
Other:
- Share buy-back of 1 billion euros executed by the end of July 2024
- Decision to expand the total volume of the share buy-backs in the financial year 2024 to a total of 1.5 billion euros
- Allianz has therefore resolved to repurchase additional shares in a volume of up to 500 million euros
| 1 | Based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact solvency II capitalization ratio by -6%-p as of June 30, 2024. | |
| 2 | As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group. |
680*90
680*15
