Allianz stock holds near a record as Q2 costs rise

Allianz stock traded at EUR 440.80 on August 23, 2026, while Q2 2026 restructuring expense reached EUR 643 million and the group reported a record EUR 10.9 billion in first-half operating profit.

Allianz SE (DE0008404005) stock traded at EUR 440.80 on August 23, 2026, up 0.57 percent on the day and within 0.7 percent of its August 6, 2026 52-week high of EUR 443.80. The move came after the group said on August 24, 2026 that it delivered record 2Q 2026 results and was well on track to achieve its targets.

Q2 costs stood out

In the latest published results, Allianz said restructuring expense reached EUR 643 million in Q2 2026 as it accelerated the shutdown of legacy IT systems and investment in new infrastructure. The same earnings review said the second quarter was the most recent reporting period and that the higher charge weighed on reported earnings.

That matters because the company also reported EUR 10.9 billion in first-half 2026 operating profit, up 9 percent year over year, while shareholders' core net income reached EUR 7.4 billion. For investors, the comparison is clear: a EUR 643 million restructuring line sits alongside a EUR 10.9 billion first-half operating profit base.

Record run stays intact

The share price also had a longer runway behind it. Allianz closed at EUR 438.90 on August 21, 2026, which was still 17 percent above the level a year earlier and only EUR 4.90 below the 52-week peak.

That combination of a near-record quote, a 0.57 percent daily gain and a EUR 443.80 high gives the stock a simple technical reference point. The market is still pricing in the effect of the group's capital return and cost program.

Products behind the numbers

Allianz's commercial insurance arm spans property, liability, marine, aviation, energy and engineering cover, while Allianz Trade provides trade credit insurance, bonding and surety services. Those products tie the group to corporate credit risk, global trade flows and underwriting discipline.

At the group level, Allianz said it serves around 97 million private and corporate customers and managed around EUR 791 billion for insurance customers as of June 30, 2026. Its asset managers PIMCO and Allianz Global Investors managed about EUR 2.2 trillion of third-party assets on the same date.

Shares close in on the peak

Allianz stock traded at EUR 440.80 on August 23, 2026, with 453,238 shares changing hands. The quote leaves the insurer within striking distance of the August 6, 2026 high of EUR 443.80.

More on Allianz stock

The latest investor update highlighted record first-half operating profit, a EUR 643 million restructuring charge in Q2 2026 and continued progress on the group's targets.

Fact box

Company: Allianz SE
ISIN: DE0008404005
Ticker: ALV
Exchange: Xetra
Sector / Industry: Insurance / Financial services
Index membership: DAX
Price (as of August 23, 2026): EUR 440.80
Market cap: about EUR 171 billion as of August 23, 2026