Allianz Q1 Profit Climbs, Business Volume Drops; Confirms FY26 Outlook
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Allianz SE reported a 52.3% increase in Q1 net income to €3.69 billion, despite a 1.8% drop in total business volume to €53.0 billion. The Life/Health segment faced challenges, but the Property-Casualty and Asset Management segments showed strong performance. Allianz confirmed its FY26 operating profit outlook of €17.4 billion, plus or minus €1 billion. Core earnings per share rose 50.7% to €9.96. Adjusted core net income increased by 7% year-over-year.
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