Allianz Q1 net profit rises 22% to €2.475bn.

Allianz Q1 net profit surged 22% to €2.475bn, as property-casualty insurance and inflows at Pimco boosted results. Operating profit increased by 6.8% to €3.99bn, driven by better-than-expected results in property-casualty insurance and €32.4bn of inflows from outside clients at Pimco, Allianz's bond manager. The company confirmed its 2024 guidance after growth across all segments increased its net profit by 22%.

May 15, 2024
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