Allianz(US:ALIZY)2022-05-12 17:34Financial Performance - Total revenues reached EUR 44 billion, with internal growth of 3.8%[5,6] - Operating profit amounted to EUR 3.238 billion, a decrease of 2.9% compared to the previous year[7,8] - Shareholders' net income significantly decreased by 78.1% to EUR 561 million[9,13] Business Segment Highlights - Property-Casualty (P/C) insurance revenues grew internally by 6.6% to EUR 21.5 billion, but operating profit decreased by 9.0% to EUR 1.377 billion[6,8] - The combined ratio in P/C insurance worsened by 1.7%-p to 94.7%[14] - Life/Health (L/H) insurance revenues grew internally by 1.0% to EUR 20.7 billion, with operating profit remaining relatively stable at EUR 1.213 billion (up 0.1%)[6,8] - Asset Management (AM) revenues grew internally by 6.3% to EUR 2.1 billion, with operating profit increasing by 11.2% to EUR 831 million[6,8] Capitalization and Solvency - The Solvency II (SII) ratio decreased by 10%-p to 199%[23] - Shareholders' equity decreased by EUR 10.2 billion, primarily due to lower net unrealized gains/losses of EUR -11.8 billion[27] Asset Management Details - Total Assets Under Management (AuM) decreased by 5.0% to EUR 2.5 trillion[113] - Third-party AuM decreased by 4.5% to EUR 1.878 trillion[114] - PIMCO's third-party net flows were EUR -14 billion, while AllianzGI experienced net inflows of EUR +5 billion[124]