After exceeding its 2024 economic goals, Allianz has raised its financial targets for the 2024-2027 cycle, aiming for a property and casualty operating profit of approximately €9.5 billion by 2027, with a combined ratio of 92-93%.
In its other segments, the company has anticipated a Life and Health operating profit of around €6 billion by 2027, a new business margin of at least 5%, and a value of new business from preferred lines exceeding 90%.
For asset management, Allianz has projected an operating profit of approximately €4 billion, a cost-income ratio of about 60% by 2027, and a compound annual growth rate (CAGR) of third-party assets under management of around 8% between 2024 and 2027.
The firm highlighted key strategies to sustain its strong value creation including driving smart growth by acquiring new customers, boosting cross-sales, and reducing churn; enhancing productivity through its ongoing efficiency initiatives and leveraging generative AI; and strengthening resilience with a refined capital management framework.
Allianz also emphasised its strong position in Protection and Retirement opportunities, leveraging its role as a trusted partner for safeguarding and growing customer assets.
Amid rising health costs, underinsured properties, and pension pressures driving demand for integrated solutions, the firm said it is poised to capitalise on these trends with optimised portfolios across its aforementioned segments.
Oliver Bäte, Chief Executive Officer of Allianz SE, commented, “’Lifting Ambitions’ is focused on strengthening our value-creation engines and making them even more resilient.
“Our focus for this next phase will be on translating the success of our customer-centric strategy, already evident in our leading brand strength and excellent customer satisfaction levels, into even higher sustainable, capital-efficient growth for our shareholders.”
