Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleAllianz's Q1 net profit dropped 2.1% due to a tax provision, yet it upholds its 2025 profit target, forecasting 15-17 billion euros.
FRANKFURT (Reuters) - Germany's Allianz on Thursday posted a worse-than-expected 2.1% fall in first-quarter net profit but confirmed its target for the full year.
Net profit attributable to shareholders of 2.423 billion euros ($2.71 billion) in the three months through March compares with profit of 2.475 billion euros a year earlier. The figure fell short of a 2.702 billion euro consensus forecast.
A one-time tax provision for the sale of a venture in India pressured results, the company said.
For 2025, the company expects operating profit of between 15 billion euros and 17 billion euros, compared with 16.0 billion euros in 2024.
($1 = 0.8937 euros)
(Reporting by Tom Sims, Editing by Rachel More)
The article discusses Allianz's Q1 net profit decline and its confirmation of the 2025 financial target.
A one-time tax provision related to the sale of a venture in India pressured the results.
Allianz expects an operating profit of 15-17 billion euros by 2025.
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