Allianz achieves 3.5 billion euros operating profit in 2Q


.5 billion euros operating profit in 2Q

Allianz SE | Munich | Aug 05, 2022

Group confirms full-year outlook2Q 2022:   Total revenues rise 8.2 percent to 37.1 billion eurosOperating profit increases 5.3 percent to 3.5 billion euros, driven by Property-Casualty business segmentNet income attributable to shareholders amounts to 1.7 billion euros, down 23.3 percent Robust Solvency II capitalization ratio of 200 percent16M 2022: Total revenues surge 7.2 percent to 81.2 billion eurosOperating profit rises 1.2 percent to 6.7 billion euros Net income attributable to shareholders 2.3 billion euros, a decrease of 52.7 percent, mostly due to a provision booked in the first quarter in relation to the AllianzGI U.S. Structured Alpha proceedings Outlook:2022 operating profit target confirmed at 13.4 billion euros, plus or minus 1 billion euros2