Business · Companies · 5 hrs ago
Allianz raises 2026 operating profit forecast to up to €18.6 billion
Munich-based insurer Allianz raised its operating profit forecast for the year to as much as €18.6 billion.
Its previous forecast was a range of €16.4 billion to €18.4 billion.
In the first nine months, operating profit reached a record €14.1 billion, up from €13.1 billion a year earlier.
Analysts had expected about €13.7 billion for that period.
Allianz finance chief Claire-Marie Coste-Lepoutre had earlier held back from raising the forecast, citing market swings.
The stronger results have led the company to set a higher upper limit for expected profit.
Allianz is due to present its full results for the first three quarters on Thursday.
Allianz raised its 2026 operating profit forecast to as much as €18.6 billion.
Its previous forecast range was €16.4 billion to €18.4 billion.
Operating profit reached a record €14.1 billion in the first nine months, up from €13.1 billion a year earlier.
Analysts had expected average operating profit of around €13.7 billion for the period.
In the summer, Allianz finance chief Claire-Marie Coste-Lepoutre said market volatility made it too early to raise the forecast.
- Who
- Allianz, the Munich-based insurer, raised its forecast.
- What
- It now expects 2026 operating profit of up to €18.6 billion.
- When
- The company announced the change on Wednesday evening, November 11, 2026.
- Where
- Munich, Germany.
- Why
- Not stated
This story does not have two clearly opposing sides.
Finance chief Claire-Marie Coste-Lepoutre said market fluctuations made it too early to raise the forecast.
Allianz raised its 2026 operating profit forecast to as much as €18.6 billion.
Allianz was due to present its full results for the first three quarters.
- 2026 operating profit forecast
- Up to €18.6 billion
- Previous forecast range
- €16.4 billion–€18.4 billion
- Operating profit, first nine months
- €14.1 billion
- Operating profit, same period a year earlier
- €13.1 billion
- Analysts’ average estimate
- Around €13.7 billion
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What people are saying
Given the fluctuations in the markets, it was too early for that.