Allianz SE Reports Significant Financial Growth in Q4 2024

In a remarkable display of financial strength, Allianz SE announced a 16% increase in revenues for the fourth quarter of fiscal 2024, reaching an impressive €45.9 billion. This growth is a testament to the company's robust performance across all segments.

Net Income and Operating Profit See Substantial Increases

The company's net income experienced a significant boost, climbing 16.9% to €2.6 billion compared to the previous year. Furthermore, Allianz's operating profit rose by 10.9% to €4.2 billion, showcasing the company's operational efficiency and strategic prowess.

Strong Full-Year Performance

For the entire fiscal year 2024, Allianz reported total revenues of €179.8 billion, marking an 11.2% increase from the previous year. Net income for the year soared to €10.5 billion, a 16.7% rise, while core earnings per share (EPS) advanced by 12.4% to €25.42.

CEO Oliver Bate on Allianz's Success

"Allianz's record financial results in 2024 are a clear indication of our strong performance across all segments, high customer satisfaction, and unparalleled employee engagement. Despite the global challenges, including natural catastrophes and armed conflicts, Allianz continues to be the trusted partner for our customers," stated CEO Oliver Bate.