Allianz reports Q1 net income contracts by 1.9%

During the three month period, total business volume reached $60.48b.

Allianz Group’s first quarter (Q1 2025) net income slightly dipped by 1.9% year-on-year (YoY) to $2.91b (€2.6b).

During the three month period, total business volume rose 11.7% YoY to $60.48b (€54.0b), supported by continued momentum across its insurance and asset management segments.

Operating profit increased by 6.3% to $4.70b (€4.2b), representing 26% of the group’s full-year operating profit target midpoint of $17.92b (€16.0b).

Shareholders’ core net income held steady at $2.91b (€2.6b). When adjusted for a one-off tax provision related to the upcoming sale of its stake in Indian joint ventures, core net income rose by 5%.

Earnings per share climbed 2.9% to $7.40 (€6.61). Adjusted for the same tax provision, core EPS improved by 7%.

Allianz reaffirmed its full-year operating profit guidance of $17.92b (€16.0b), with a tolerance range of plus or minus $1.12b (€1b), citing a strong capital position and stable insurance operations as key factors underpinning its outlook.

($1.00 = €0.89)