Allianz stock gains as record 9M profit lifts 2026 outlook

Published on 11/12/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz stock trades higher after a record nine-month operating profit. The insurer also raised the upper end of its 2026 outlook.

Record Growth Raises The Bar

Allianz reported nine-month operating profit of 14.1 billion euros, up 7.8 percent year on year.
Third-quarter operating profit rose 6.2 percent to 4.7 billion euros despite elevated natural catastrophe losses.
The insurer raised the upper end of its 2026 operating profit target to 18.6 billion euros.

Allianz, DE0008404005, Illustration mit AI erstellt.

Allianz reported a record operating profit of 14.1 billion euros for the first nine months of 2026 and raised the upper end of its full-year outlook. The company published the third-quarter and nine-month results on Thursday, November 12, according to its Allianz earnings release.

Broad-Based Earnings Momentum

Third-quarter total business volume reached 44.4 billion euros, with internal growth of 3.0 percent. Operating profit increased 6.2 percent to 4.7 billion euros, supported by Asset Management and Life/Health. Shareholders' core net income rose 1.2 percent to 2.9 billion euros.

Allianz said Property-Casualty remained resilient despite a higher impact from natural catastrophes. The insurer also pointed to high capital-market volatility, while describing the contribution from its diversified business model as broad-based.

For the first nine months, total business volume stood at 143.0 billion euros, representing internal growth of 3.8 percent from the prior year. Operating profit rose 7.8 percent from 13.1 billion euros to 14.1 billion euros, the highest nine-month level in Allianz's history. Asset Management was the main growth driver, while all business segments were ahead of their pro-rata full-year operating-profit outlooks.

Shareholders' core net income advanced 10.6 percent to 9.3 billion euros. Core earnings per share increased 12.7 percent to 24.15 euros, while annualized core return on equity reached 20.1 percent. The Solvency II ratio was 219 percent, one percentage point above the level at the end of 2025.

Higher Target Sets Next Test

Following the performance, Allianz lifted the upper end of its 2026 operating-profit target range to 18.6 billion euros. The original range was 17.4 billion euros plus or minus 1 billion euros, subject to significant natural catastrophes and capital-market events.

Allianz stock traded at 469.15 euros on Lang & Schwarz at 10:18:56 CET on Thursday, November 12, 2026, 1.20 percent above the Xetra close of Wednesday, November 11, at 463.60 euros. The quote places the shares above the previous Xetra session's close as investors assess the record result and higher target.