Allianz SE Q3 2025 Earnings Recap

Allianz reported a robust third quarter with operating profit growth exceeding 10% year-to-date, driven by strong business volume increase and improved profit margins across all segments.

Key Takeaways

• Year-to-date business volume growth reached 8.5%, diversified across segments and geographies.
• Operating profit is up over 10%, with core net income growth accelerating to 10.5% year-to-date.
• The Property & Casualty segment achieved a 15% increase in operating profit, with a combined ratio of 91.6%.
• Life Finance is on track with a 4% growth in value of new business, and operating profit reached EUR 4.2 billion, up 6% adjusted for FX.
• Asset Management delivered record net inflows of EUR 51 billion for the quarter, boosting the year-to-date growth rate to 7%.