Allianz started 2026 with strong financial results, reporting a total business volume of EUR 53 billion in the first quarter, up 3.5% internally year-on-year. Growth was mainly supported by solid performances in the Property-Casualty and Asset Management segments.

The Group’s operating profit increased by 6.6% to a record EUR 4.5 billion. Shareholders’ core net income surged by 48.4% to EUR 3.8 billion, supported by the sale of Allianz’s stakes in its Indian joint ventures. Excluding the impact of this transaction and related offsetting measures, underlying growth stood at a robust 7%.

Core earnings per share rose by 50.7% to EUR 9.96. On an underlying basis, adjusted for the effects related to the Indian JV transaction, growth reached 9%.

At the same time, Allianz reported an annualized core return on equity (RoE) of 24.2%, while the underlying level remained strong at 18%. The Solvency II capitalization ratio improved by 2 percentage points to 221%, reflecting solid capital generation during the quarter.

The Group also confirmed that it remains on track to achieve its full-year operating profit target of EUR 17.4 billion, with a tolerance range of plus or minus EUR 1 billion.

In addition, Allianz continues to implement the share buy-back program of up to EUR 2.5 billion announced on 25 February 2026, with EUR 0.3 billion already completed in the first quarter.

“Allianz delivered a record operating profit in the first quarter of 2026 – a testament to the strength of our fundamentals and the effectiveness of our customer-centered strategy,” said Oliver Bäte, Chief Executive Officer of Allianz SE.

“We remain disciplined in our delivery as we work to expand affordable protection and retirement for more people, harnessing the potential of AI to serve them in an even more efficient and personalized way,” he added.

Find here the full detail press release of the German group.