Allianz has reported that its Q1 2023 operating profit increased 24.2% to €3.7 billion, which the firm attributes to strong performance in Life/Health and Property-Casualty business segments.
Meanwhile, total business volume in Q1 2023 increased by 3.9% to €46 billion.
Allianz states this growth was spearheaded by the Property-Casualty segment, which benefited from higher prices and volumes.
The firm also reported Q1 2023 shareholders’ core net income of €2.2 billion, a substantial increase from the $400 million recorded in Q1 of 2022.
