Allianz: confident about 2024 earnings target
(CercleFinance.com) - On the publication of its results to end-September, Allianz declares that it now expects FY 2024 operating profit in the upper half of its target range of E13.
8bn to E15.8bn.
For the first nine months of the year, the German insurer reported a 12.3% increase in core net income to E7.6bn, and a 7.9% rise in operating profit to E11.8bn, driven by all its segments, particularly property-casualty insurance.
Allianz's total business volume rose by 9.6% to E133.9bn (+11.1% in organic terms), with growth of 12.3% in life and health insurance, 7.5% in property-casualty insurance and 3.3% in asset management.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8bn to E15.8bn.
For the first nine months of the year, the German insurer reported a 12.3% increase in core net income to E7.6bn, and a 7.9% rise in operating profit to E11.8bn, driven by all its segments, particularly property-casualty insurance.
Allianz's total business volume rose by 9.6% to E133.9bn (+11.1% in organic terms), with growth of 12.3% in life and health insurance, 7.5% in property-casualty insurance and 3.3% in asset management.
Copyright (c) 2024 CercleFinance.com. All rights reserved.