Allianz stock: Record nine-month profit lifts 2026 outlook

Published on 11/13/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allianz stock trades at 477.35 euros on Lang & Schwarz at 17:14 CET on Friday, November 13. Asset management led quarterly growth.

What drives Allianz's outlook

Allianz raised the upper end of its 2026 operating-profit target to around 18.6 billion euros.
Asset Management led quarterly growth, with operating profit up 35.1 percent in the third quarter.
The insurer's Solvency II capitalization ratio stood at 219 percent at the end of September.

Allianz, DE0008404005, Illustration mit AI erstellt.

Allianz stock traded at 477.35 euros on Lang & Schwarz at 17:14 CET on Friday, November 13, 1.05 percent above the Xetra close of Thursday, November 12. The move followed Allianz's nine-month results published on November 12, which lifted the upper end of the 2026 operating-profit target.

In its Allianz earnings release, the insurer reported operating profit of 14.1 billion euros for the first nine months, up 7.8 percent from the prior-year period. The third-quarter operating profit reached 4.7 billion euros, an increase of 6.2 percent.

Record result raises full-year ceiling

Allianz raised the upper end of its full-year operating-profit target to around 18.6 billion euros, compared with the original range of 17.4 billion euros plus or minus 1 billion euros. Management said the upgrade reflected strong performance across the group, while continuing to flag exposure to major natural catastrophes and capital-market developments.

Shareholders' core net income rose 10.6 percent to 9.3 billion euros in the first nine months. Core earnings per share increased 12.7 percent to 24.15 euros, while the annualized core return on equity reached 20.1 percent.

Asset management drives momentum

Asset Management was the main growth engine in the quarter. Its operating profit rose 35.1 percent to 1.1 billion euros, helped by higher assets-under-management revenue and performance fees. Third-party net inflows reached 47 billion euros in the quarter and 132 billion euros for the first nine months.

Property-Casualty operating profit remained resilient despite a higher natural-catastrophe impact, while Life/Health operating profit increased 3.1 percent to 4.4 billion euros for the first nine months. Allianz said its Solvency II capitalization ratio stood at 219 percent at September 30, 2026.

Next milestone for investors

The next scheduled financial-results event is Allianz's fourth-quarter and full-year 2026 release on February 24, 2027. Until then, the raised profit ceiling, asset-management flows and catastrophe experience remain key factors for assessing the durability of earnings momentum.

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