For 2026, Allianz targets an operating profit of 17.4 billion euros, plus or minus 1 billion euros.
Explanations of the alternative financial ratios used (Alternative Performance Measures - APM) can be found here:
Outlook for the Allianz Group
Outlook 2026
Operating profit
Source: Analyst presentation on the preliminary results for fiscal year 2025, chart B 10 (released on February 26, 2026)
As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group.
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