Allianz Reports Significant Growth in Q4 Revenues

In a remarkable financial achievement, Allianz SE announced a 16% increase in its fourth-quarter revenues for fiscal 2024, reaching €45.9 billion. This growth is a testament to the company's strong performance across all segments, with net income also seeing a substantial rise of 16.9% to €2.6 billion compared to the previous year.

The operating profit for the quarter was reported at €4.2 billion, marking a 10.9% increase, while the core earnings per share (EPS) surged by 5.1% to €6.31. These figures underscore Allianz's robust financial health and its ability to navigate through a volatile global environment.

Full Fiscal Year 2024 Highlights

For the entire fiscal year of 2024, Allianz's total revenues soared to €179.8 billion, an 11.2% growth from the previous year. Net income climbed by 16.7% to €10.5 billion, and core EPS advanced by 12.4% to €25.42. These results highlight Allianz's consistent performance and its commitment to delivering value to its shareholders.

CEO Oliver Bate's Remarks

"Allianz's record financial results in 2024 are a reflection of our strong performance across all segments, consistently high customer satisfaction, and record employee engagement. Despite the challenges posed by natural catastrophes, armed conflicts, and deepening polarization, Allianz remains the trusted partner of choice for our customers worldwide," stated CEO Oliver Bate.