Risk ManagementShort-term

Allianz posts strong results

Strong operating results in all business segments underpin confidence for 2022

12M 2021:

  • 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 a one-time pre-tax provision of 3.7 billion euros in anticipation of settlements with major investors in the AllianzGI 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 percent1

4Q 2021:

  • Total revenues increased 7.9 percent to 38.4 billion euros
  • Operating profit rose 18.0 percent to 3.5 billion euros
  • Net loss attributable to shareholders was 292 million euros due to a pre-tax provision of 3.7 billon euros in anticipation of settlements with major investors in the AllianzGI U.S. Structured Alpha funds and in light of current discussions with U.S. governmental authorities. Excluding this one-time item, net income rose 38.2 percent to 2.5 billion euros

Outlook:

  • 2022 operating profit target of 13.4 billion euros, plus or minus 1 billion euros2

Other:

  • New share buyback program of up to 1 billion euros announced
  • Management to propose a 12.5 percent increase in dividend to 10.80 euros per share, based on strong operating profit and solid net income

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 businesses and strongly improved P/C margins and productivity, we are scaling the power of our global franchise.

Oliver Bäte, Chief Executive Officer of Allianz SE







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