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Allianz Exclusive: Q1 Profits Rise by 6.8% to €4Bn

Allianz Group’s operating profit surged by 6.8% to reach €4.0 billion in Q1 2024, showcasing the strength of its strategic execution and diverse talents.

Allianz is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Photo: Shutterstock

The total business volume increased by 5.3%, reaching €48.4 billion. All business segments contributed to this growth. The Property-Casualty segment saw significant price-driven growth.

The Life/Health segment benefited from positive sales momentum in the US and Italy, while Asset Management experienced growth from higher Assets under

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