Record Revenue and Profit Growth
Allianz reported EUR 180 billion in revenues, up 11%, and operating profit increased by 9%. Core net income grew by 10%, and dividend per share rose by 12%.
Strong Performance Across All Segments
Life and health segments showed a high demand with a new business margin at 5.5% and value of new business up 18%. Asset Management saw third-party net flows at EUR 85 billion for the year, four times the level of 2023.
Significant Shareholder Returns
Announced a EUR 2 billion share buyback due to strong earnings and cash generation.
Improved Solvency Ratio
The solvency ratio increased by three percentage points, with reduced sensitivities, demonstrating improved resilience.
Operational Efficiency
Continued improvements in cost-income ratio and consistent expense ratio improvements since 2018.