Allianz SE (ALIZY) Posts Record Operating Profit As It Launches A Big Buyback Plan

Core Insights - Allianz SE has been identified as one of the best German stocks to buy, with a strong performance in its Q4 and full-year 2025 results [1][6] Financial Performance - For Q4 2025, Allianz reported an operating profit of €4.3 billion, reflecting a 3% year-over-year increase [1] - The full-year operating profit reached a record €17.4 billion, up 8.4% from the previous year [1] - Total revenue for 2025 increased by 8.1% to €186.9 billion [1] Segment Performance - The property-casualty segment saw a significant operating profit increase of 13.9%, totaling €9.0 billion [3] - Asset Management's operating profit rose by 3.3% to €3.3 billion [3] - The health division's operating profit increased by 1.7% to €5.6 billion [3] Future Outlook - Allianz projects an operating profit for 2026 to be around €17.4 billion, with a potential variance of €1 billion [4] - The consensus estimate for 2026's operating profit is €18.1 billion [4] Shareholder Returns - Allianz announced a €2.5 billion share repurchase program, set to begin in March 2026 and conclude in December 2026 [5] - The company plans to cancel the repurchased shares rather than holding them in treasury [5] - A proposed dividend of €17.10 per share for 2026 has been put forward by Allianz's management [5]