Allianz Reports Strong Financial Results in Second Quarter

Net Income Soars by 75%

Company Confirms Operating Profit Target

Frankfurt, Germany - Allianz Group reported a surge in its net income by 75% in the second quarter of 2023, surpassing market expectations.

The German insurer's net income reached a staggering 13.8 billion euros, significantly higher than the previous year's figure of 7.8 billion euros.

Allianz's strong performance was driven by all its business segments, with property and casualty insurance, life and health insurance, and asset management showing solid growth.