Allianz Group achieved strong results in 2015 with operating profit rising to 10.7 billion euros, driven by a very good fourth quarter. In the Property and Casualty insurance segment, both gross premiums written and operating profit increased, the latter despite a higher impact from natural catastrophes compared to the previous year. In the Life and Health insurance segment, the strategic shift in product mix accelerated, leading to a slight reduction in revenues, while operating profit increased. In Asset Management, third-party net outflows continued to decrease over the year. Lower average third-party assets under management are mirrored in the segment’s operating profit.
“Allianz steadily delivers strong results in increasingly challenging operating conditions. Our business is healthy and well-diversified. This makes us confident that we will continue to deliver strong earnings. We look to generate 10.5 billion euros in operating profit in 2016, plus or minus 500 million euros,” said Oliver Bäte, CEO of Allianz SE. “For 2015, the Board of Management will propose a dividend of 7.30 euros per share, an increase of 6.6 percent over 2014.”
“Strong performance in our insurance operations plus performance fees in asset management in the fourth quarter drove full-year operating profit close to the top of the target earnings range,” said Dieter Wemmer, CFO of Allianz SE. “Active risk management led to a strong capital ratio of 200 percent under Solvency II rules, leaving us well prepared for today’s volatile markets.”