Allianz Balances Costly Disaster Claims Against a Record Nine-Month Haul
Published on 11/15/2026 at 07:01 | Editorial boerse-global.de
Severe hail storms and wildfires took a bite out of Allianz's property and casualty business in the third quarter of 2026, but the insurance giant still delivered an operating profit of EUR 4.7 billion for the period — a 6.2% improvement year on year. The gain came despite the heavy nat-cat claims load, with asset management and the life and health insurance divisions providing the counterweight.
Over the first nine months of 2026, operating profit reached EUR 14.1 billion, an increase of 7.8% compared with the same stretch a year earlier. Adjusted net income attributable to shareholders climbed 10.6% to EUR 9.3 billion across that period.
The group had already moved to lift expectations on Wednesday, raising the upper end of its full-year operating profit guidance to roughly EUR 18.6 billion. The prior target range had stood at EUR 17.4 billion plus or minus EUR 1 billion.
Should investors sell immediately? Or is it worth buying Allianz?
DZ Bank Lifts Fair Value
Following Thursday's quarterly release, DZ Bank raised its fair value estimate on Allianz shares from EUR 495 to EUR 508 while keeping its "Buy" rating intact. The quarterly figures and the upgraded outlook were well received on the trading floor, according to dpa-AFX. By Friday's close, the stock had added 1.3% to finish at EUR 476.20.
Separately, Allianz improved its standing in the "World's Best Workplaces" ranking compiled by Great Place to Work, climbing six places from the previous year to eleventh overall. It also secured its best-ever position within the finance and insurance sector, the company announced on Friday.
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Allianz Stock: New Analysis - 15 November
Fresh Allianz information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
