New share buy-back of up to 2 billion euros announced
12M 2024:
• Total business volume rises 11.2 percent to 179.8 billion euros
• Operating profit increases by 8.7 percent to 16.0 billion euros supported by all business segments
• Shareholders’ core net income advances 10.1 percent to 10.0 billion euros
• Strong Solvency II capitalization ratio of 209 percent 4Q 2024:
• Total business volume advances 16.0 percent to 45.9 billion euros
• Operating profit increases 10.9 percent and reaches 4.2 billion euros, mainly attributable to very good results in the Property-Casualty segment
• Shareholders’ core net income rises 3.5 percent to 2.4 billion euros
Outlook:
• For 2025, Allianz targets an operating profit of 16.0 billion euros, plus or minus 1 billion euros1
Other:
• Management to propose a dividend per share of 15.40 euros, an increase of 11.6 percent from 2023
• A new share buy-back program of up to 2 billion euros has been announced
“In 2024, Allianz delivered another set of record financial results, which are underpinned by strong performance across all segments, consistently high customer satisfaction, and record employee engagement. Allianz remains the trusted partner of choice for our customers in a global context in which above-average levels of natural catastrophes, armed conflicts, and deepening polarization continue to create considerable volatility.
These conditions elevate the need for what Allianz offers its customers and the world: a more secure future that translates into greater prosperity. Our renewed strategy, recently announced at our Capital Markets Day, underscores our conviction in growth and our confidence in our resilience and our capabilities. As we realize the value of our deepening customer relationships, we lift our ambitions to deliver even higher capital-efficient growth in the quarters and years ahead”, says Oliver Bate, Chief Executive Officer of Allianz SE.
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