Strong Overall Growth and Profitability
Allianz reported strong overall growth at 11%, up from 7.5% in the first half of the year. The core ROE reached 17.5%, a 15% increase from last year, with an operating profit of EUR 11.8 billion at 9M.
Life and Health Segment Performance
The Life and Health segment saw new business up 31% and a new business margin of 6.1%, contributing to a value of new business of EUR 1.2 billion, up 33% year-on-year.
Asset Management Growth
Net flows in Asset Management were almost EUR 70 billion year-to-date, more than three times the level of 2023, with assets under management increasing by 7%.
Solvency Ratio Improvement
The Solvency ratio improved by 3 percentage points compared to the previous quarter, standing at a strong 209%.
Positive Net Inflows in October
October saw further positive net inflows of around EUR 10 billion for PIMCO and EUR 1 billion for AGI.