Germany's Allianz Q1 operating profit rises to record

Allianz SE

13/05/2026 06:09

Overview

Germany insurance and asset management group's Q1 operating profit rose 6.6% to record level

Core EPS for Q1 grew 50.7%, boosted by Indian JV sale; underlying growth was 9%

Company completed 0.3 bln euro share buyback in Q1, part of 2.5 bln euro program

Outlook

Allianz affirms full-year 2026 operating profit outlook of €17.4 bln, plus or minus €1 bln

Result Drivers

ASSET MANAGEMENT INFLOWS - Record net inflows and higher assets under management boosted Asset Management revenues and profit

INDIAN JV SALE IMPACT - Sale of stakes in Indian Joint Ventures significantly increased shareholders’ core net income and EPS; underlying growth remained strong after adjusting for this effect

Company press release: ID:nEQ580k00a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
EUR 9.96
Q1 Operating Profit
EUR 4.52 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Allianz SE is €400.00, about 8.6% above its May 12 closing price of €368.20

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)