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Aug 06, 2022
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Allianz (ALIZY, $18.01) revenue posts +8.2% y/y Q2 revenue growth

Allianz (ALIZY, $18.01) revenue posts +8.2% y/y Q2 revenue growth

Allianz total revenues increased + 8.2% from the year-ago quarter to 37.1 billion euros in the second quarter, while the company's operating profit rose +5.3 percent to 3.5 billion euros, the key driver being Property-Casualty business. Net income attributable to shareholders, however, fell -23.3% to 1.7 billion euros.

For full-year 2022, Allianz expects operating profit at 13.4 billion euros, plus or minus 1 billion euros.

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