Allianz 2025 profit increases on P&C growth

Financial Performance - Allianz reported a net profit attributable to shareholders of €10.8 billion for 2025, an 8.5% increase from the previous year [1] - The company's operating profit for the year was €17.4 billion, reflecting an 8.4% rise compared to the prior year [1] - Total business volume increased to €186.9 billion from €179.8 billion in 2024, indicating robust internal growth of 8.1% after excluding currency effects and changes from acquisitions or divestments [2] Segment Performance - In the property and casualty (P&C) segment, total business volume grew to €86.7 billion, up from €82.9 billion a year earlier, with internal growth at 8.2% [2] - The operating profit in the P&C division was €9 billion, exceeding the full-year outlook midpoint and up 13.9%, primarily due to an improved insurance service result [2] - In the life/health insurance segment, the present value of new business premiums reached €84.7 billion, a 3.5% increase compared to last year, or 7.5% higher when adjusted for currency and scope changes [3] Quarterly Insights - For Q4 2025, Allianz reported a business volume of €45.7 billion compared to €45.9 billion during the same period last year, with internal growth at 6.5% [6] - Quarterly operating profit reached €4.3 billion, representing a year-on-year increase of 3%, driven by gains in property and casualty activities [6] Future Outlook - Allianz targets an operating profit of €17.4 billion for the upcoming year, with a tolerance of plus or minus €1 billion [6] - The company remains exposed to risks of declining prices in both public and private equity investments, but an increase in its solvency ratio to 218% enhances the group's resilience to stress scenarios [5] Management Commentary - Allianz CEO Oliver Bäte emphasized that the record results for 2025 demonstrate the company's ability to deliver reliably in rapidly changing environments, supported by strong brand strength and customer loyalty [7]