Allianz confirms digital CEO changes as Allianz stock sits 7.41 percent below its high

Published on 10/06/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kroetz and Floquet start new roles on November 1, 2026. Allianz stock costs EUR 420.90 on October 6, 2026 after EUR 419.15, plus 0.42 percent.

Bauhaus-Plakat mit geometrischem Schutzschild, Aufschrift MÜNCHEN SINCE 1890 in Ocker und Navy — Bauhaus- und Art-Déco-Plakat in Navy, Ocker und Zinnoberrot. Zentrales Motiv: stilisiertes Schutzschild aus konzentrischen Bögen; Schlagzeile „MÜNCHEN”, Subtext „SINCE 1890” in Futura. Allianz SE (DE0008404005), Illustration mit AI erstellt.

Allianz (ISIN DE0008404005) was trading at EUR 420.90 at Lang & Schwarz on October 6, 2026 at 2:02 p.m. CEST, 7.41 percent below its EUR 454.60 52-week high. On October 1, 2026, Allianz confirmed Philipp Kroetz as the future CEO of Allianz Partners and Laurent Floquet as the future CEO of Allianz Direct, with both changes scheduled for November 1, 2026.

Leadership changes target digital growth

Kroetz has led Allianz Direct since 2022 and will succeed Tomas Kunzmann at Allianz Partners. Floquet, currently chief operating officer at Allianz Partners, will take over Allianz Direct, while Kunzmann is due to join the Allianz SE Board of Management on January 1, 2027.

The official announcement links the reshuffle to Allianz's digital and cross-border insurance activities across motor, home, travel, assistance and health. Allianz Direct serves more than 3.2 million customers, and its total business volume exceeded EUR 1.5 billion in fiscal year 2025 at a 95.00 percent combined ratio, according to the Allianz release.

Profit growth meets valuation debate

Allianz reported record operating profit of EUR 9.40 billion in the first half of 2026, up 8.60 percent from the prior-year period. The second-quarter operating profit reached EUR 4.90 billion, up 10.60 percent year over year, while the Property-Casualty combined ratio was 91.40 percent, as reported by Capital.com.

Management reaffirmed full-year 2026 operating profit guidance of EUR 17.40 billion plus or minus EUR 1.00 billion and maintained a EUR 2.50 billion share buyback program, according to Capital.com. The first-half operating profit represents 54.02 percent of the midpoint of that full-year guidance, making execution in the second half a central valuation reference.

Jefferies target reaches current price

Jefferies raised its Allianz price target from EUR 325.00 to EUR 420.00 and kept its Hold rating, according to Finanznachrichten on October 5, 2026. The new target is 0.21 percent below the Lang & Schwarz price, while the prior target was 22.78 percent below it, highlighting how quickly the valuation reference has moved.

Stock remains below its yearly high

Allianz stock was trading at EUR 420.90 at Lang & Schwarz on October 6, 2026 at 2:02 p.m. CEST, up 0.42 percent versus the prior close of EUR 419.15. The stock's 52-week range was EUR 338.80 to EUR 454.60, and its market capitalization was EUR 160.0 billion as of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Allianz stock.