Global insurer Allianz has announced its financial results for the second quarter of 2026, reporting a 10.6% rise in operating profit to a record level of €4.9 billion, and €45.6 billion in total business volume.
Internal growth reached 5.7% for the quarter, supported by positive contributions from all segments, with Asset Management delivering excellent growth.
According to the firm, growth in operating profit for the quarter was driven by double-digit increases in Asset Management and Life/Health.
Shareholders’ core net income for Q2 2026 stood at €2.6 billion, 12.7% below last year. Underlying growth is strong at 10% adjusting for a divestment gain last year and offsetting measures following the sale of the stake in Allianz’s Indian Joint Ventures.
For the six months of 2026, the insurer reported a 8.6% increase in operating profit, to €9.4 billion, a record level figure.
Total business volume was €98.6 billion, with an internal growth of 4.3%, driven by Property-Casualty and especially Asset Management.
Shareholders’ core net income in H1 2026 increased 15.5% to €6.4 billion compared to the same period the year prior. Adjusted for divestment effects and offsetting measures, underlying growth is strong at 9%.
Annualized core return on equity (RoE) stood at 20.7% in H1 2027, while the underlying level remained very strong at 19%..
Looking at the insurer’s Q2 2026 Property-Casualty results, total business volume reached €45.6 billion, with “strong” internal growth of 5.7%.
According to Allianz, all three segments contributed to this result, with Asset Management performing particularly strong.
The segment reported a record operating profit of €4.9 billion in Q2 2026, a 10.6% increase compared to the prior year quarter. Growth was driven by double-digit increases in Asset Management and Life/Health.
Shareholders’ core net income for the quarter was €2.6 billion, down 12.7% compared to last year. Adjusted for the divestment gain on the UniCredit Joint Venture last year and offsetting measures following the sale of the stake in Allianz’s Indian Joint Ventures this year, the underlying growth was strong at 10%.
For H1 2026, total business volume reached €98.6 billion, with good internal growth of 4.3%. Asset Management delivered excellent internal growth with a strong performance also in the Property-Casualty segment. Life/Health momentum improved in the second quarter.
Operating profit rose 8.6% to a record level of €9.4 billion and reached 54%of the company’s full-year outlook midpoint. Growth was particularly strong in Property-Casualty and Asset Management segments. All segments are ahead of the midpoint of their full-year operating profit outlooks, the firm noted.
Shareholders’ core net income was up 15.5% to €6.4 billion compared to H1 2025. Adjusted for the effects of the sale of the stake in the company’s Indian Joint Ventures, offsetting measures as well as the divestment gain on the UniCredit Joint Venture, underlying growth was strong at 9%.
Claire-Marie Coste-Lepoutre, Chief Financial Officer of Allianz SE, commented: “We have delivered an excellent result for the first half of the year and have sustained our strong performance in the second quarter. All segments are ahead of the midpoints of their full-year operating profit outlook, demonstrating the successful execution of our strategic priorities. This puts us well on track for our 2026 ambitions.
“As we have reached the halfway point of our strategic cycle, the results confirm that we are on course to deliver on our ambitious Capital Markets Day targets. Looking ahead, we will maintain our focus on generating smart growth, reinforcing our productivity and strengthening our resilience and thereby sustaining the value creation for all our customers and shareholders.”
