BERLIN (Reuters) -German insurer Allianz raised its full-year earnings guidance on Thursday, after reporting an increase in its nine-month operating profit. Barring unforeseen significant natural
Allianz Increases 2025 Profit Forecast Following Strong Nine-Month Results
Allianz's Financial Performance Overview
BERLIN (Reuters) -German insurer Allianz raised its full-year earnings guidance on Thursday, after reporting an increase in its nine-month operating profit.
Operating Profit Growth
Barring unforeseen significant natural catastrophes or capital market events, Allianz said it was "most likely" that 2025 operating profit would be between 17 billion and 17.5 billion euros ($19.8-$20.4 billion).
Future Profit Projections
That compared with a target range set at the beginning of the year of 16 billion euros, plus or minus 1 billion.
Upcoming Earnings Report
For the first nine months of the year, Allianz reported an operating profit of 13.1 billion euros, up from 11.8 billion euros a year earlier.
The company is scheduled to issue its third-quarter earnings report on Friday.
($1 = 0.8575 euros)
(Reporting by Rachel More; Editing by Alison Williams and Mark Potter)
