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Insurance. Allianz achieves record profit in day-to-day business.

Earned more than ever in day-to-day business: Profits increase by almost six percent.

Keystone

The insurer Allianz earned more than ever in day-to-day business last year. Operating profit rose by almost six percent to almost 14.2 billion euros compared to the previous year.

Allianz thus reached the upper end of its target range and clearly exceeded the average expectations of experts. For the new year, CEO Oliver Bäte envisages an operating profit of between 13.2 billion and 15.2 billion euros. The Dax group announced this on Friday morning.

The bottom line is that shareholders accounted for a surplus of a good 6.7 billion euros in 2022, one percent more than a year earlier. In both years, billions in damages and penalties due to an investment scandal involving the fund subsidiary Allianz Global Investors in the USA weighed on the result.

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