5/12/2021, 7:04 AM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz: Revenues down 2.6% YoY to €41.4B in Q1

Allianz SE revealed on Wednesday that its total revenues came in at €41.4 billion in the first fiscal quarter of 2021, after declining 6.1% compared to the same trimester the year prior.

In the year's first quarter, the operating profit surged 44.8% on an annual basis to stand at €3.3 billion. Meanwhile, net income rocketed 81.1% on the year to reach €2.7 billion. Diluted earnings per share almost doubled compared to the first trimester of 2020, soaring 93.1% to amount to €6.2.

"Allianz started the year with excellent results across all business segments. This is an encouraging kick-off for 2021 and makes us confident to reach our 2021 targets," company CEO Oliver Baete asserted.

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