FRANKFURT, Feb 26 (Reuters) - Germany's Allianz on Thursday posted a 7.7% increase in fourth-quarter net profit, a touch less than analysts had expected. Net profit attributable to shareholders of
Allianz Reports 7.7% Growth in Q4 Net Income
FRANKFURT, Feb 26 (Reuters) - Germany's Allianz on Thursday posted a 7.7% increase in fourth-quarter net profit, buoyed by a strong property and casualty business but a touch less than analysts had expected.
Net profit attributable to shareholders of 2.664 billion euros ($3.15 billion) in the three months through December compares with profit of 2.472 billion euros a year earlier. The figure fell short of a 2.689 billion euro consensus forecast.
Allianz's Financial Performance Overview
Allianz is among Europe's largest financial services groups and owner of the giant PIMCO brand.
For 2026, the company expects operating profit of between 16.4 billion euros and 18.4 billion euros.
Future Profit Expectations
That compares with 17.4 billion euros in operating profit in 2025, which Allianz said was a record.
($1 = 0.8462 euros)
Currency Conversion Rate
(Reporting by Tom Sims and Alexander HuebnerEditing by Ludwig Burger)
