Allianz: fivefold increase in core net income in Q1
(CercleFinance.com) - Allianz has reported a more than fivefold increase in core net income for shareholders (+421%) to E2.
17bn for Q1 2023, as well as a 24% increase in operating income to E3.73bn.
At E46bn, the German insurance company's gross business volume grew by 3.9%, with 11.2% growth in non-life insurance more than offsetting declines of 2.6% in life and health and 8.1% in asset management.
Allianz has confirmed its 2023 operating profit target of E13.2 - 15.2bn, and announced a new share buyback program of up to E1.5bn, to be completed by the end of the year.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
17bn for Q1 2023, as well as a 24% increase in operating income to E3.73bn.
At E46bn, the German insurance company's gross business volume grew by 3.9%, with 11.2% growth in non-life insurance more than offsetting declines of 2.6% in life and health and 8.1% in asset management.
Allianz has confirmed its 2023 operating profit target of E13.2 - 15.2bn, and announced a new share buyback program of up to E1.5bn, to be completed by the end of the year.
Copyright (c) 2023 CercleFinance.com. All rights reserved.