Allianz+0.50%
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.