- Revenues increased 5.7 percent to 148.5 billion euros
- Operating profit jumped 24.6 percent to 13.4 billion euros
- Net income attributable to shareholders declined 2.9 percent to 6.6 billion euros as a result of one-time pre-tax provision of 3.7 billion euros in anticipation of settlements with major investors in the Allianz GI U.S.Structured Alpha funds and in light of current discussions with U.S. governmental authorities, lowering the group’s 2021 net income by 2.8 billion euros
- Solvency II capitalization ratio rose 1 percentage point to 209 percent
Oliver Bäte, CEO of Allianz SE: “In spite of challenges in 2021, Allianz proved its resilience and adaptability. With record-high operating profit, strong value growth in life, health and asset management business and strongly improved P/C margins and productivity, we are scaling the power of our global franchise”.
More details can be found in the material below: