2/17, 7:01 AM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz: Revenue down by 4.5% to €36.7B in Q4

Allianz SE revealed on Friday that its total revenue landed at €36.7 billion in the fourth quarter of the fiscal 2022, going down by 4.5% from the corresponding timeframe the year prior.

In the three month period that ended on December 31, the operating profit jumped by 12.7% year-on-year to €4 billion. Meanwhile, net income came in at €2.1 billion in comparison to the net loss reported for the fourth quarter last year. Diluted earnings per share stood at €4.99, recovering from the €0.74 loss per share in the final quarter of 2021.

For the full-fiscal year, Allianz's revenue increased 2.8% year-over-year to reach €152.7 billion, with the company's operating income climbing by 5.7% to €14.2 billion in the twelve months period. Net income rose by 1.1% compared to 2021 full-year results to reach €7.2 billion, which translates its diluted EPS to €16.26, up 2.7% year-over year.

Baha Breaking News (BBN) / AB