Allianz reported a record first-half operating profit of 9.4 billion euros, up 8.6 percent from a year earlier, and said it is fully on track to achieve its full-year target of 17.4 billion euros, plus or minus 1 billion euros. Total business volume for the six months reached 98.6 billion euros, with internal growth of 4.3 percent driven by Property-Casualty and Asset Management. Shareholders' core net income advanced 15.5 percent to 6.4 billion euros, and core earnings per share rose 17.5 percent to 16.44 euros. The Asset Management segment attracted record third-party net inflows of 84 billion euros, lifting third-party assets under management to a record 2.161 trillion euros. The Solvency II ratio strengthened to 225 percent, and the company completed 1.4 billion euros of its 2.5 billion euro share buy-back program in the first half.
Allianz SE VNA O.N.Record first-half operating profit and raised guidance indicate strong financial performance.
Autoliv Inc
Allianz SERecord first-half operating profit and raised guidance indicate strong financial performance.
