Total revenues up 2.5 percent to 36.2 billion euros in 1Q
1Q operating profit up 9.4 percent to 2.9 billion euros
Net income attributable to shareholders down 15.3 percent to 1.8 billion euros, largely due to one-off gains one year ago from the sale of financial stakes
Solvency II capitalization ratio 212 percent, including deduction of 3 billion euros for share buy-back
Operating profit outlook for 2017 confirmed at 10.8 billion euros, plus or minus 500 million euros
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2017 of 36.2 (first quarter of 2016: 35.4) billion euros. This represents an increase of 2.5 percent compared to the prior-year quarter.
Allianz SE has decided to launch a share buy-back program with a volume of up to 3 billion euros as part of a previously announced plan to return unused capital from the group’s external growth budget from the period 2014 to 2016.
