Allianz SE Announces Impressive Q4 Growth

In a remarkable financial disclosure, Allianz SE revealed a 16% increase in its fourth-quarter revenues for the fiscal year 2024, totaling €45.9 billion. This significant growth is a testament to the company's robust performance and strategic initiatives.

Financial Highlights

The net income for the quarter saw a substantial rise of 16.9% to €2.6 billion, while the operating profit increased by 10.9% to €4.2 billion. Core earnings per share (EPS) also experienced a 5.1% surge, reaching €6.31.

Full Fiscal Year Overview

For the entire fiscal year 2024, Allianz reported total revenues of €179.8 billion, marking an 11.2% growth. Net income climbed by 16.7% to €10.5 billion, and core EPS advanced by 12.4% to €25.42.

CEO's Statement

CEO Oliver Bate expressed pride in the company's achievements, stating, "Allianz delivered another set of record financial results in 2024, driven by strong performance across all segments, high customer satisfaction, and record employee engagement. Despite global challenges, Allianz remains a trusted partner for our customers."