Insurer: Allianz increases profit forecast – record profit after nine months

Munich. The Munich insurance giant Allianz is benefiting from good business in its asset management division. The company announced on Thursday that this was an important reason for the higher business volume and the better operating result in the first nine months of the current year. The contribution to earnings in life and health insurance is also strong. Allianz boss Oliver Bäte said that the record operating result reflects the consistent implementation of the strategy.

The DAX group has increased its profit forecast for the current year. The operating result will reach up to 18.6 billion euros, Allianz announced on Wednesday evening. Previously, it had forecast a result in a range of 16.4 to 18.4 (2025: 17.4) billion euros.

In the first nine months of the year, operating profit rose to a record level of 14.1 (previous year: 13.1) billion euros. On average, analysts had only expected it to reach around 13.7 billion.

CFO Claire-Marie Coste-Lepotre said this was achieved despite volatile capital markets and higher burdens from natural disasters. The record operating result in the first nine months was borne by all business segments. “This development shows the strength and resilience of our diversified business model, even in a challenging operating environment.”