Allianz reveals newest earnings outcomes

Allianz reveals newest earnings outcomes

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Insurance coverage big Allianz has revealed its newest set of earnings outcomes – and, whereas some key numbers are decrease in comparison with 2021, group boss Oliver Bäte sees the worthwhile second quarter as an indication of “sturdy” monetary efficiency.

Right here’s how the worldwide insurer fared within the three- and six-month durations ended June 30:

Outcomes

Q2 2022

Q2 2021

H1 2022

H1 2021

Working revenue – property & casualty

€1.6 billion

 

€1.4 billion

 

€3 billion

 

€2.9 billion

 

Working revenue – life & well being

€1.1 billion

 

€1.3 billion

 

€2.3 billion

 

€2.5 billion

 

Working revenue – asset administration

€771 million

 

€825 million

 

€1.6 billion

 

€1.57 billion

 

Working revenue

€3.5 billion

€3.3 billion

€6.7 billion

€6.66 billion

Web revenue attributable to shareholders

€1.7 billion

 

€2.2 billion

 

€2.3 billion

 

€4.8 billion

 

      

Lifting the lid on the numbers, Allianz famous: “Working revenue elevated 5.3% to €3.5 billion, pushed by improved underwriting and funding leads to the property-casualty phase. Development was partially offset by the life/well being enterprise phase, reflecting the affect of unstable market circumstances and a decrease funding margin in Germany and the USA.

“Decrease working revenue from the asset administration enterprise phase following opposed market actions and cautionary investor sentiment additionally had an offsetting impact.”

In the meantime, in accordance with Allianz, a decrease non-operating funding outcome greater than offset the lower in revenue taxes and improve in working revenue, ensuing within the decline within the group’s web revenue attributable to shareholders.

Bäte acknowledged: “Allianz delivered one other quarter of strong monetary efficiency, pushed by sturdy progress in our property-casualty enterprise. Our working revenue and group solvency ratio proved resilient towards heightened volatility and a basically weaker financial surroundings.

“We’re well-positioned to handle the affect of excessive inflation and the financial pressures which might be significantly evident in Europe. Allianz will proceed to deploy our benefits of stability and scale for the good thing about our clients and shareholders.”

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