MUNICH--(BUSINESS WIRE)--Nov 13, 2024-- November 13, 2024 This press release features multimedia. View the full release here: https://www.businesswire.
com/news/home/20241112727992/en/ Oliver Bäte, Chief Executive Officer of Allianz SE (Photo: Allianz SE) 3Q 2024: Total business volume advances 17.3 percent to 42.8 billion euros Operating profit increases 13.
6 percent and reaches 3.9 billion euros, attributable to very good results in the Property-Casualty segment Shareholders’ core net income reaches 2.5 billion euros, an increase of 23.
0 percent 9M 2024: Total business volume rises 9.6 percent to 133.9 billion euros Operating profit increases by 7.
9 percent to 11.8 billion euros driven by all business segments Shareholders’ core net income advances 12.3 percent to 7.
6 billion euros Strong Solvency II capitalization ratio of 209 percent 1 Outlook: Following the strong performance in the first nine months of the year, Allianz expects the 2024 operating profit to be in the upper half of the target range of 14.8 billion euros, plus or minus 1 billion euros 2 The previously announced share buy-backs in the total volume of 1.5 billion euros have been fully executed by October 2024 1 Based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact Solvency II capitalization ratio by -3%-p as of September 30, 2024.
2 As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regar.