Record Business Volume and Operating Profit
Allianz reported a total business volume of EUR 54 billion and an operating profit of EUR 4.2 billion, both at record levels for Q1 2025, with all segments contributing positively.
Strong Performance in Life Finance Segment
New business production in the Life Finance segment showed robust growth with sales volumes up 17% and new business profit growth of 14%, driven by a healthy new business margin of 5.5%.
Asset Management Net Inflows
The asset management business saw strong net inflows of EUR 29 billion, supported by both AGI and PIMCO, with overall revenues growing by 5%.
P&C Business Growth
The P&C business achieved a record level of operating profit, with 7% internal growth and a combined ratio of 91.8%, despite a higher level of natural catastrophes.
Solvency II Ratio Stability
Allianz reported a strong solvency ratio at 208%, supported by good operating capital generation and resilience against market and FX volatility.