The Allianz Netto win drops by 2.1% in the first quarter of 2025

Allianz reported a net result in the first quarter of 2025 (Q1 2025), which is due to the shareholders of € 2.42 billion, a decrease of € 2.1% of € 2.47 billion in the first quarter of 2024.

The business profit of the German insurer rose by 6.3% to EUR 4.2 billion in the quarter on March 31, 2025, compared to € 3.9 billion in the previous year.

Real estate casual contributed EUR 2.1 billion with an increase in operating profit by 5%, while the life/health segment rose by 7.5% to EUR 1.4 billion.

The total business volume for the company reached € 54 billion in the first quarter of 2025, an increase of € 11.6% compared to € 48.4 billion a year ago.

The company attributed this growth to “persistent dynamics in all segments”.

The real estate casual segment recorded an increase of 6% to the total business volume of € 27 billion, while the life/health volume rose by 18.6% to EUR 25 billion.

In addition, Allianz announced a share buyback program of up to € 2 billion on February 27, of which € 100 million was completed in the first quarter of 2025.

With a view to the future, the insurer is of the opinion that it is “completely on the right track to achieve the operating profit view into the full year”, plus or minus 1 billion €.

Oliver Bäte, CEO of Allianz SE, said: “Allianz 'performance in the first quarter and our confirmed view underlines our financial strength and our resistant business model, which benefits from the attractiveness of our customer value offers in the middle of geopolitical and economic uncertainty.

“In fact, we consider this uncertainty and change as a catalyst for innovation and growth and enable us to pursue new opportunities and expand our offers. As the world's leading insurance brand, we are well positioned in order to benefit from global flight to trust, with the ability to satisfy the growing customer challenge for protection and retirement solutions.”

In March, the company signed a preliminary agreement with Jio Financial Services for the establishment of an insurance job venture, as reported by Bloomberg.

This development takes place according to Allianz's decision to end JVS with Bajaj by selling his 26% participation in the Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company to Bajaj FinserSSServ and other organizers for € 2.59 billion.

“Allianz net profit drops by 2.1% in the first quarter of 2025” was originally created and published by Life Insurance International, a Globaldata brand.

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