2/17/2022, 9:15 PM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz Q4 revenues up 7.9% to €38.4B

Allianz SE noted on Thursday that its total revenues stood at €38.4 billion in the fourth fiscal quarter of 2021, after jumping 7.9% from the corresponding timeframe the year before. The operating profit surged 18% to reach €3.5 billion. Meanwhile, net income decreased €165 million, and diluted earnings per share fell to €0.74.

For the 2021 fiscal year, revenues stood at €148.5 billion, increasing 5.7% compared to the previous year. Operating profit went up by 24.6% to €13.4 billion, and net income attributable to shareholders fell 2.9% to €6.6 billion. Finally, diluted earnings per share decreased by 3%, from €16.02 to €15.83.

"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," company CEO Oliver Bäte commented.

Baha Breaking News (BBN) / JG