Allianz showed net income per shareholders of EUR 2.4 billion in the fourth quarter of 2024 (Q4 2024), an increase of 14.9% of EUR 2.1 billion in the same quarter of the previous year.
The company's operating profit also increased by 10.9% to EUR 4.1 billion in the fourth quarter of 2024 out of EUR 3.7 billion in the fourth quarter of 2023.
Its segment of rental property was a significant contributor to this growth and showed an increase in operating profit 21.2% to EUR 1.9 billion, while the life/health segment recorded by 4.5% to EUR 1.4 billion.
The total volume of business for the quarter reached 45.9 billion euros, a 16% increase from EUR 39.6 billion in the 4th quarter of 2023.
The life/health segment was the “main growth driver” that has seen an increase in the total volume of business by 21.5% to EUR 24.3 billion.
The real estate division showed an increase in this metric by 11% to 19.5 billion euros.
The basic profit per share increased to 6.31 euros from 6 euros in quarter of the quarter.
For the whole year, Allianz reported net income per shareholders of EUR 9.9 billion, a 16.3% increase from EUR 8.5 billion in 2023.
Operating profit per year has reached EUR 16 billion, an increase of 8.7% of EUR 14.7 billion.
The total volume of business per year was EUR 179.8 billion, which is 11.2% increased from EUR 161.7 billion in 2023. The basic profit per share in 2024 increased to EUR 25.42 from EUR 22.61 in 2023.
The Board of Directors proposed a dividend at the share of EUR 15.40 for 2024, which is 11.6% since 2023.
Looking until 2025, Allianz is trying to operate EUR 16 billion Plus or minus EUR 1 billion.
In addition, the company announced a new redemption program of shares up to 2 billion euros.
Allianz CEO Oliver Bäte said: “In 2024, Allianz added another set of record financial results that are supported by strong performance in all segments, consistently high customer satisfaction and recording employees.
“Our renewed strategy, recently announced on our day of capital markets, emphasizes our growth beliefs and our confidence in our resistance and our abilities. When we realize the value of our deepening relationships with customers, we raise our ambitions to achieve an even higher capital efficient growth in neighborhoods and years ahead. ”
In December 2024, Allianz Australia joined with the Royal Automobile Association in South Australia to obtain your general insurance business.
“Allianz profit is rising to $ 2.5 billion in the 4th quarter of 2024” was originally created and published on the basis of International life insuranceGlobaldata brand.
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