Allianz Posts 14.1B Euro 9M Operating Profit, Lifts Target

In Short

Allianz reported a record nine-month operating profit of 14.1 billion euros for the first nine months of 2026. The insurer also raised the upper end of its full-year 2026 operating profit target range to around 18.6 billion euros.

What Happened: Allianz 3Q And 9M 2026 Results

Allianz said its 3Q 2026 total business volume was 44.4 billion euros, with internal growth of 3.0 percent. It reported 3Q 2026 operating profit of 4.7 billion euros, up 6.2 percent, driven by an “outstanding result” from Asset Management and a strong contribution from Life and Health.

For the first nine months of 2026, Allianz reported total business volume of 143.0 billion euros, with internal growth of 3.8 percent. Operating profit rose 7.8 percent to 14.1 billion euros, which Allianz called its highest nine-month operating profit ever.

Allianz reported shareholders’ core net income of 2.9 billion euros in 3Q 2026, up 1.2 percent. For 9M 2026, shareholders’ core net income advanced 10.6 percent to 9.3 billion euros. Allianz also reported core earnings per share of 24.15 euros for 9M 2026, up 12.7 percent.

The group said its annualized core return on equity was 20.1 percent for 9M 2026. Allianz reported a Solvency II ratio of 219 percent, and said this was up 1 percentage point compared with full-year 2025.

Allianz also said a share buy-back program of up to 2.5 billion euros, announced on February 25, 2026, was fully executed as of September 2026.

Why It Matters: Higher Profit Target For Full-Year 2026

Following what it called a strong performance, Allianz raised the upper end of its full-year 2026 operating profit target range to around 18.6 billion euros. In a statement included in the release, Allianz linked its record nine-month operating profit to “disciplined execution” of its strategy, and said it is working to deliver “relevant, accessible solutions” as protection and retirement becomes harder to afford for many people.