Allianz earnings date and guidance
MyStockButler's October 2026 analysis: Allianz's next results are due on November 12, 2026. Watch whether Property-Casualty keeps pricing ahead of claims.
What has Allianz guided for 2026?
Allianz could reach approximately €517 in October 2029 if earnings growth, durable cash generation and valuation hold. For 2026, management targets operating profit of €16.4–18.4 billion. It also targets 7%–9% annual core-EPS growth for 2024–2027.
| Period covered | Low | High | Date given | |
|---|---|---|---|---|
| Allianz Group, Operating profit | 2026 | 16.4 | 18.4 | Aug 7, 2026 |
| Property-Casualty, Total business volume growth | 2026 | 6.0% | 6.0% | Mar 13, 2026 |
| Property-Casualty, Operating profit (2026) | 2026 | 9.0 | 9.0 | Mar 13, 2026 |
| Property-Casualty, Combined ratio (2026) | 2026 | 92.0% | 93.0% | Aug 7, 2026 |
| Life/Health, Operating profit (2026) | 2026 | 5.7 | 5.7 | Mar 13, 2026 |
| Asset Management, Operating profit (2026) | 2026 | 3.5 | 3.5 | Mar 13, 2026 |
What this means. The 22-percentage-point capital-generation target measures new capital created before dividends, not the company's solvency coverage ratio.
Has Allianz kept its past promises?
Management has kept the comparable operating-profit promises examined here, although the replacement of earlier strategic targets after an accounting change prevents a completely unqualified historical verdict. “Core” earnings also need care: disposals can lift them and restructuring can reduce them, so meeting the core-EPS ambition does not prove that every recurring business grew at the same rate.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Operating profit — Allianz Group | 4 years | 2 | 2 | 0 |
| Operating profit — Property-Casualty | 4 years | 1 | 3 | 0 |
| Operating profit — Life/Health | 4 years | 3 | 1 | 0 |
| Operating profit — Asset Management | 4 years | 2 | 2 | 0 |
What this means. The four out of five score does not match the four rows shown, so one forecast or business area may be missing from this table.
What has Allianz's revenue and profit done recently?
Underwriting result and combined ratio improved, helped by lower catastrophe losses, while insurance revenue and total business volume capture different layers of growth. EPS rose substantially from 2022 through 2025 as earnings grew and the share count fell. One-off disposal gains and investment-finance costs affect the earnings picture. Durable profit and remittances underpin the valuation and payout.
Operating profit rose in June 2026 year on year, while shareholder net income and diluted EPS fell. The difference matters because operating profit excludes specified non-operating items that shareholder earnings must absorb.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Combined ratio | 91.9% | 91.0% | 93.6% | 91.9% | 91.2% | 91.8% | 94.7% | 93.5% |
| Core earnings (company's measure) | 4,874 | 4,517 | 4,297 | 4,433 | 4,406 | 4,238 | 4,174 | 3,938 |
| Net income attributable to shareholders | 2,595 | 3,690 | 2,664 | 2,847 | 2,841 | 2,423 | 2,472 | 2,471 |
| EPS, diluted | 6.46 | 9.56 | 6.98 | 7.40 | 7.03 | 6.27 | 6.40 | 6.38 |
What should Allianz watch next?
On November 12, 2026, Allianz reports third-quarter results. The important evidence will be broader than an operating-profit beat: Property-Casualty must keep pricing ahead of claims, Asset Management must retain client money, and Life/Health must replenish future contractual profits. The bridge to core income will show how much restructuring and other charges absorb.