Allianz SE (ALIZY) Thursday reported income before taxes of 3.555 billion euros for the first quarter, higher than 3.493 billion euros in the same quarter a year ago, reflecting growth across all segments.
Excluding one-time items, core income before taxes rose to 3.713 billion euros from 3.414 billion euros last year.
Operating profit increased to 4.238 billion euros from 3.986 billion euros in the prior year.
Net income, however, declined to 2.423 billion euros or 6.27 euros per share from 2.475 billion euros or 6.31 euros per share a year ago, primarily impacted by increase in taxes.
Core net income was 2.550 billion euros or 6.60 euros per share , up from 2.513 billion euros or 6.41 euros per share last year.
Total business volume grew 11.7% to 54.014 billion euros from 48.410 billion euros in the previous year.
Looking ahead, the company has confirmed its full-year operating profit outlook of 16 billion euros, plus or minus 1 billion euros.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.