Based on preliminary figures, Allianz Group achieved total revenues of over 30 billion euros in the first quarter of 2012, compared to 29.9 billion euros in the first quarter of the previous year.
Operating profit exceeded 2.3 billion euros, approximately 40 percent above last year's level of 1.7 billion euros. Net income in the first quarter of 2012 topped 1.4 billion euros, up nearly 60 percent from 915 million euros over the same period in 2011, which was burdened especially by high claims from natural catastrophes.
Allianz maintains a strong capital position: it increased both shareholders' equity and its conglomerate solvency ratio from year-end levels.
Michael Diekmann, CEO of Allianz SE: "As planned, all three business segments contributed to the good start into 2012, and we are on track to achieve our target for 2012."
As announced, Allianz will publish full details for the first quarter on May 15, 2012.