Allianz has actually reported earnings attributable to investors of EUR2.4 bn in the 4th quarter of 2024 (Q4 2024), a 14.9% boost from EUR2.1 bn in the exact same quarter the previous year.
The firm’s operating earnings additionally climbed 10.9% to EUR4.1 bn in Q4 2024 from EUR3.7 bn in Q4 2023.
Its property-casualty sector was a considerable factor to this development, reporting a 21.2% rise in operating earnings to EUR1.9 bn, while the life/health sector logged a 4.5% boost to EUR1.4 bn.
Total service quantity for the quarter got to EUR45.9 bn, a 16% increase from EUR39.6 bn in Q4 2023.
The life/health sector was the “main growth driver,” signing up a 21.5% boost in complete service quantity to EUR24.3 bn.
The property-casualty department reported an 11% boost in this statistics to EUR19.5 bn.
Core profits per share throughout the quarter climbed to EUR6.31 in the quarter from EUR6 the previous year.
For the complete year, Allianz reported earnings attributable to investors of EUR9.9 bn, a 16.3% boost from EUR8.5 bn in 2023.
Operating earnings for the year got to EUR16bn, an 8.7% increase from EUR14.7 bn.
Total service quantity for the year stood at EUR179.8 bn, an 11.2% boost from EUR161.7 bn in 2023. Core profits per share for 2024 boosted to EUR25.42 from EUR22.61 in 2023.
The board of administration has actually recommended a reward per share of EUR15.40 for 2024, up by 11.6% from 2023.
Looking in advance to 2025, Allianz is going for operating earnings of EUR16bn, plus or minus EUR1bn.
Additionally, the firm revealed a brand-new share buyback program of approximately EUR2bn.
Allianz CHIEF EXECUTIVE OFFICER Oliver Bäte claimed: “In 2024, Allianz delivered another set of record financial results, which are underpinned by strong performance across all segments, consistently high customer satisfaction and record employee engagement.
“Our renewed strategy, recently announced at our Capital Markets Day, underscores our conviction in growth and our confidence in our resilience and our capabilities. As we realise the value of our deepening customer relationships, we lift our ambitions to deliver even higher capital-efficient growth in the quarters and years ahead.”
In December 2024, Allianz Australia partnered with the Royal Automobile Association of South Australia to acquire its general insurance service.
“Allianz profit rises to $2.5bn in Q4 2024 ” was initially produced and released by Life Insurance International, a GlobalData had brand name.
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