Frankfurt (Reuters) – Allianz reported on a 13% increase in net profit on Thursday in the second quarter, exceeding expectations, the German insurer who also confirmed his objectives for the whole year.
The net profit attributable to shareholders amounted to 2.84 billion euros for the closed quarter on June 30, compared to 2.51 billion euros a year earlier and 2.76 billion euros planned in the consensus.
Allianz said its results have been supported by vigor for Property & Casuality, its life insurance segment and damage insurance, with a gain of around 300 million euros from a joint venture with unicredit.
“Allianz recorded record results in the first half,” said Oliver Baete, Chairman of the Management Board.
The group also confirmed its prospects for 2025, declaring that it is “on the right track” to achieve its annual objective of an operating profit between 15 and 17 billion euros, against 16 billion euros in 2024.
(Written by Tom Sims and Alexander Huebner; Coralie Lamarque; edited by Augustin Turpin)
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