Finance
Allianz posts better-than-expected Q2 profit and confirms target
Published by Global Banking and Finance Review
Posted on August 7, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 7, 2025
1 min readLast updated: January 22, 2026
Allianz reported a 13% rise in Q2 net profit, surpassing forecasts, driven by property and casualty strength and a UniCredit venture gain. Annual targets remain on track.
FRANKFURT (Reuters) -Germany's Allianz on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for the full year.
Allianz said the earnings were helped by strength at its property and casualty segment and by a disposal gain of around 300 million euros ($350 million) from a joint venture with UniCredit .
Net profit attributable to shareholders of 2.841 billion euros in the three months through June compares with profit of 2.513 billion euros a year earlier. The figure surpassed a 2.756 billion euro consensus forecast.
Allianz said it was "fully on track" to meet its full-year target of operating profit between 15 billion euros and 17 billion euros, compared with 16 billion euros in 2024.
"Allianz has delivered record results in the first half of the year," Chief Executive Officer Oliver Baete said.
($1 = 0.8570 euros)
(Reporting by Tom Sims and Alexander Huebner, Editing by Miranda Murray, Kirsti Knolle)
Allianz reported a net profit of 2.841 billion euros for the second quarter, up from 2.513 billion euros a year earlier.
The company experienced a 13% rise in net profit for the second quarter.
The earnings were bolstered by strong performance in the property and casualty segment and a disposal gain of around 300 million euros from a joint venture with UniCredit.
Allianz aims to achieve an operating profit between 15 billion euros and 17 billion euros for the full year.
The CEO of Allianz is Oliver Baete, who stated that the company has delivered record results in the first half of the year.
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