Allianz Investor Relations
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Munich, May 02, 2016 | 2:00 pm
Operating profit reached 2.8 (1Q 2015: 2.9) billion euros, a decrease of 3.5 percent. The outlook for the financial year 2016 remains unchanged.
Net income attributable to shareholders was 2.2 (1Q 2015: 1.8) billion euros, which is 20.5 percent above the year-earlier figure, driven in part by non-operating realized gains.
The Solvency II capitalization eased to 186 percent at the end of the first quarter (year end 2015: 200 percent) due to capital market developments, partly offset by risk management actions. The decrease was also in part due to a changed regulatory treatment affecting the German life insurance industry that took effect on January 1, 2016.
As announced, Allianz SE will publish further details on business developments in the first quarter on May 11, 2016.
These assessments are, as always, subject to the disclaimer provided below.