Allianz, among Europe's largest financial services groups and operator of the giant PIMCO brand, also cited an increase in business volume at its health and life insurance business, its other big segment.
The company reported net profit attributable to shareholders of 2.472 billion euros ($2.57 billion) in the three months through December, up from 2.151 billion euros a year earlier. The figure surpassed a 2.351 billion euro consensus forecast.
For 2025, the company expects operating profit of between 15 billion euros and 17 billion euros, compared with 16.0 billion euros in 2024.
Allianz SE is a prominent German multinational financial services firm based in Munich, Germany. The company primarily focuses on insurance and asset management.
Recognized as the largest insurance provider globally and the leading financial services entity in Europe, Allianz was ranked 37th in the Forbes Global 2000 list in 2023. Additionally, it is included in the Euro Stoxx 50 stock market index.
The asset management segment of Allianz, which includes PIMCO, Allianz Global Investors, and Allianz Real Estate, manages assets totaling €2,432 billion, with €1,775 billion attributed to third-party clients as of the first quarter of 2021.