rkets Day priorities to deliver on our 2025 – 2027 plan.”

- Claire-Marie Coste-Lepoutre, Chief Financial Officer of Allianz SE

Allianz’s12M 2025results were excellent. Allianz sustained its momentum across all three segments and achieved a record operating profit.

Our total business volume expanded to 186.9 billion euros (12M 2024: 179.8 billion euros). Internal growth, which excludes the effects of foreign-currency translation as well as acquisitions and divestments, was strong at 8.1percent, supported by growth across all segments.

Operating profit reached a record level of 17.4 (16.0) billion euros, an increase of 8.4 percent. The Property-Casualty business was the main growth driver and all business segments exceeded their full-year outlook midpoints.

Shareholders’ core net income rose by 10.9 percent to 11.1 (10.0) billion euros. Adjusted for a one-off tax provision related to the sale of our stake in our In
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