Allianz(US:ALIZY)2023-02-17 16:16Financial Performance Highlights - Allianz achieved a record operating profit of EUR 142 billion, a 6% increase year-over-year[4] - The Group's total payout to shareholders amounted to approximately EUR 65 billion, including a proposed dividend of EUR 1140 per share and a EUR 2 billion share buyback[4,7,8] - Shareholders' net income increased by 19% to EUR 6738 million[28] - The Group's solvency ratio stood at 201%[4,7] Segment Results - The Property-Casualty segment experienced strong revenue growth of 12% and an operating profit of EUR 62 billion[4,10] - The Life/Health segment achieved a record operating profit of EUR 53 billion[10] - The Asset Management segment reported resilient revenues of EUR 82 billion and a solid operating profit of EUR 32 billion[10] Sustainability and Environmental Targets - The company is ahead of schedule on environmental targets, including a 25% reduction in the carbon footprint of proprietary investments from 2019 to 2022[20] - Renewable electricity usage in operations reached 89% in 2022, progressing towards a 100% target[20] Outlook and Capital Management - The outlook for 2023 anticipates an operating profit of approximately EUR 142 billion, plus or minus EUR 1 billion[23] - The company maintains a disciplined capital management approach, with an average payout ratio of 79%[22]