Allianz reports a significant third-quarter profit rise, boosting its annual profit outlook.

Allianz, Europe's largest insurer, reported a 14% increase in third-quarter operating profit to €3.9 billion, with total business volume rising 17% to €42.8 billion. The company attributes the growth largely to its Property-Casualty segment. Shareholders' net income increased 23% to €2.5 billion. Allianz now expects its 2024 operating profit to be at the upper end of its €14.8 billion target range.

November 13, 2024
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