The German insurer Allianz obtained an attributable net profit of 9.069 billion euros in the first nine months of the fiscal year, which represents an 11.8% increase compared with the same period of the previous year.
At the same time, the group’s revenue rose to September to 143.0 billion euros, 1.2% higher than in 2025, while operating profit reached 14.099 billion euros, which represents a 7.8% increase.
By business areas, the Property and Casualty Insurance division ('Property-Casualty') added about 70.500 billion euros in revenue, 5.5% higher, and generated operating profit of 7.075 billion euros, 3.2% more. By contrast, the Life and Health business ('Life/Health') cut its billings by 4%, to 65.800 billion euros, although it increased its operating result to 4.367 billion euros, an additional 3.1%.
For its part, the Asset Management unit recorded 7.100 billion euros in revenue, 14.3% more than a year earlier, and posted operating profit of 2.909 billion euros, which implies a 20.3% increase.
At the close of September 2026, attributable net equity to shareholders stood at 60.700 billion euros, 3.4% lower than at the beginning of the fiscal year. The net contractual service margin (CSM) fell to 35.700 billion euros, below the preceding quarter, while Solvency II’s capitalisation ratio remained at 219% and third-party assets under management reached 2.15 trillion euros.
Between July and September, Allianz recorded an attributable net profit of 2.784 billion euros, 2.2% lower than that recorded in the third quarter of 2025. However, quarterly revenue advanced by 3.8%, to 44.400 billion euros.
Thanks to the recent positive performance, the company has decided to raise the upper limit of its forecast for operating profit for the whole of 2026, setting it at 18.600 billion euros.
At the same time, Allianz said that in September it concluded the share buyback programme launched in January, with a total volume of 2.500 billion euros.
"Allianz’s record operating profit of €14.1 billion achieved in the first nine months of 2026 reflects the disciplined execution of our strategy. However, we do not stop there: at a time when it is becoming increasingly difficult for many people to access protection and retirement solutions, we work to leverage our scale and expertise in order to offer our customers relevant and affordable solutions", the CEO of Allianz, Oliver Bäte, has said.