Allianz: Revenue jumps by 7.8% to €39.6B in Q4 - Breaking The News

Allianz: Revenue jumps by 7.8% to €39.6B in Q4

23 February

1 min read

EPA-EFE/ANNA SZILAGYI

Allianz SE revealed on Friday that it booked €39.6 billion in total revenue during the fourth quarter of fiscal 2023, marking a jump of 7.8% from the corresponding timeframe the year before.

In addition, the Munich-based company's net income attributable to climbed by 46.4% to €2.4 billion in the reported quarter. Net income skyrocketed 91.1% to land at €2.3 billion. Operating profit soared 17.0% on an annual basis to €3.8 billion, while its diluted earnings per share surged 50.3% to €6.00. For the 2024 outlook, the company forecast operating profit to reach €14.8 billion, with a possible increase or decrease of €1 billion.

"The discipline of our strategy, execution, and capital management bolsters our operating profit outlook for 2024, our new dividend policy, and our renewed share buy-back program," Chief Executive Officer Oliver Baete noted.

earnings allianz

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