Allianz has reported shareholders’ core internet revenue of €3.8bn for the primary quarter of 2026 (Q1 2026), up from €2.6bn a yr earlier, a rise of 48.4%.
Excluding the affect of the sale of stakes in its Indian joint ventures (JVs) and offsetting measures, core internet revenue elevated by 7%, with the change primarily linked to greater working revenue.
Entry deeper trade intelligence
Expertise unmatched readability with a single platform that mixes distinctive information, AI, and human experience.
Annualised core return on fairness (ROE) was 24.2% in Q1 2026, in contrast with 18.1% for full-year 2025.
Working revenue got here in at €4.5bn, in contrast with €4.2bn a yr earlier, an increase of 6.6%.
The group attributed the rise to property and casualty (P&C) and asset administration, whereas describing life and well being (L&H) as secure regardless of market volatility.
In P&C insurance coverage, working revenue reached €2.4bn, up from €2.2bn.
The 11.1% enhance was on account of the next insurance coverage service consequence.
Enterprise quantity in P&C totalled €28.3bn within the quarter, in opposition to €27bn in the identical interval of 2025. Inner progress was 6.8%.
In L&H insurance coverage, working revenue was unchanged at €1.4bn.
After adjusting for international trade results and the disposal of stakes within the Indian JVs and UniCredit Allianz Vita, working revenue was 3% greater.
The current worth of recent enterprise premiums was €23.7bn within the quarter, versus €26.1bn a yr earlier than. Adjusted for international trade actions and the sale of its stake in UniCredit Allianz Vita, the decline was 1%.
Group-wide enterprise quantity was €53bn in Q1, down from €54bn a yr earlier. Inner progress, excluding foreign money actions in addition to acquisitions and disposals, was 3.5%.
Allianz CEO Oliver Bäte mentioned: “Allianz delivered a report working revenue within the first quarter of 2026 – a testomony to the energy of our fundamentals and the effectiveness of our customer-centred technique.
“We stay disciplined in our supply as we work to increase inexpensive safety and retirement for extra individuals, harnessing the potential of AI to serve them in an much more environment friendly and personalised manner.
“By rigorously combining technological developments with our experience and empathy to satisfy buyer wants, we create a novel worth proposition and alternatives for everybody who places their belief into Allianz.”
Allianz mentioned it remained on the right track to satisfy its full-year working revenue outlook of €17.4bn, plus or minus €1bn.
Its share buyback programme of as much as €2.5bn, introduced on 25 February 2026, is in progress. Of that quantity, €300m was accomplished in Q1.
