| sections | | id | "g85r2a-c1" |
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| chunk | 1 |
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| pages | |
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| heading | "Market Data" |
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| content | "**Exchange rates spot by currency (1)(footnote: Source: WM/Reuters.). (Spot)**
| | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| **USD** | {{t\|1.0800\|g85r2a-f7rc}} | {{t\|1.0717\|g85r2a-zvsh}} | {{t\|1.1160\|g85r2a-cnyg}} | {{t\|1.0355\|g85r2a-57s8}} | {{t\|1.0802\|g85r2a-6c59}} | {{t\|1.1739\|g85r2a-8s5b}} | {{t\|1.1750\|g85r2a-stcf}} | {{t\|1.1744\|g85r2a-qlsv}} |
| **CHF** | {{t\|0.9728\|g85r2a-yqt8}} | {{t\|0.9630\|g85r2a-2s18}} | {{t\|0.9415\|g85r2a-p3o0}} | {{t\|0.9385\|g85r2a-yoeg}} | {{t\|0.9557\|g85r2a-lk8d}} | {{t\|0.9344\|g85r2a-me9i}} | {{t\|0.9348\|g85r2a-2iib}} | {{t\|0.9305\|g85r2a-a2fg}} |
| **GBP** | {{t\|0.8549\|g85r2a-3ifj}} | {{t\|0.8478\|g85r2a-oyph}} | {{t\|0.8320\|g85r2a-yo6w}} | {{t\|0.8268\|g85r2a-gewj}} | {{t\|0.8368\|g85r2a-9zf2}} | {{t\|0.8566\|g85r2a-tz7j}} | {{t\|0.8728\|g85r2a-4fl7}} | {{t\|0.8731\|g85r2a-c814}} |
| **AUD** | {{t\|1.6555\|g85r2a-4tzh}} | {{t\|1.6048\|g85r2a-ljiw}} | {{t\|1.6087\|g85r2a-r0tp}} | {{t\|1.6724\|g85r2a-xwho}} | {{t\|1.7334\|g85r2a-ih80}} | {{t\|1.7912\|g85r2a-3ucg}} | {{t\|1.7730\|g85r2a-v0bi}} | {{t\|1.7612\|g85r2a-mxn7}} |
**Exchange rates average by currency (1)(footnote: Source: WM/Reuters.). (Average)**
| | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| **USD** | {{t\|1.0854\|g85r2a-gvce}} | {{t\|1.0766\|g85r2a-ala5}} | {{t\|1.0987\|g85r2a-kwza}} | {{t\|1.0671\|g85r2a-v8hh}} | {{t\|1.0820\|g85r2a-0ty1}} | {{t\|1.0529\|g85r2a-7ggi}} | {{t\|1.1347\|g85r2a-ossy}} | {{t\|1.1686\|g85r2a-2per}} | {{t\|1.1640\|g85r2a-7f5o}} | {{t\|1.1308\|g85r2a-49em}} |
| **CHF** | {{t\|0.9490\|g85r2a-3rtb}} | {{t\|0.9738\|g85r2a-wws6}} | {{t\|0.9517\|g85r2a-asp4}} | {{t\|0.9360\|g85r2a-o785}} | {{t\|0.9526\|g85r2a-429n}} | {{t\|0.9463\|g85r2a-8una}} | {{t\|0.9369\|g85r2a-8soc}} | {{t\|0.9352\|g85r2a-ze70}} | {{t\|0.9303\|g85r2a-om5d}} | {{t\|0.9371\|g85r2a-arvg}} |
| **GBP** | {{t\|0.8560\|g85r2a-o23f}} | {{t\|0.8532\|g85r2a-pzb4}} | {{t\|0.8450\|g85r2a-r3lz}} | {{t\|0.8324\|g85r2a-deux}} | {{t\|0.8466\|g85r2a-cuwy}} | {{t\|0.8358\|g85r2a-4piy}} | {{t\|0.8493\|g85r2a-2lw1}} | {{t\|0.8667\|g85r2a-gowk}} | {{t\|0.8752\|g85r2a-bh3k}} | {{t\|0.8570\|g85r2a-otoe}} |
| **AUD** | {{t\|1.6510\|g85r2a-n8ns}} | {{t\|1.6338\|g85r2a-azvx}} | {{t\|1.6401\|g85r2a-p91s}} | {{t\|1.6351\|g85r2a-3b2p}} | {{t\|1.6399\|g85r2a-vrtj}} | {{t\|1.6773\|g85r2a-0htx}} | {{t\|1.7694\|g85r2a-b81u}} | {{t\|1.7865\|g85r2a-guw5}} | {{t\|1.7730\|g85r2a-azvk}} | {{t\|1.7522\|g85r2a-mort}} |
**Valuation rates by currency and duration, IFRS 17 (3)(footnote: The table sets out the continuously compounded market rates used to discount the cash flows of insurance contracts for major currencies. Source: LSEG Data & Analytics; internal processing of market quotes.).**
| % | 31.12.2024 1 year | 31.12.2024 5 years | 31.12.2024 10 years | 31.12.2024 20 years | 31.12.2024 30 years | 31.03.2025 1 year | 31.03.2025 5 years | 31.03.2025 10 years | 31.03.2025 20 years | 31.03.2025 30 years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Unit-linked contracts — EUR | {{t\|2.27\|g85r2a-j3f0}} | {{t\|2.18\|g85r2a-tnsw}} | {{t\|2.30\|g85r2a-9yti}} | {{t\|2.29\|g85r2a-ow0q}} | {{t\|2.38\|g85r2a-ligt}} | {{t\|2.18\|g85r2a-awzz}} | {{t\|2.35\|g85r2a-gqp2}} | {{t\|2.60\|g85r2a-nr5t}} | {{t\|2.70\|g85r2a-q110}} | {{t\|2.66\|g85r2a-x8qq}} |
| Unit-linked contracts — USD | {{t\|4.09\|g85r2a-pay2}} | {{t\|3.94\|g85r2a-0j65}} | {{t\|3.99\|g85r2a-pziy}} | {{t\|4.02\|g85r2a-07k2}} | {{t\|3.80\|g85r2a-2ji7}} | {{t\|3.90\|g85r2a-o5xy}} | {{t\|3.58\|g85r2a-0j17}} | {{t\|3.71\|g85r2a-80q0}} | {{t\|3.86\|g85r2a-bx29}} | {{t\|3.72\|g85r2a-83ku}} |
| Immediate fixed annuity and P/C liability for incurred claims — EUR | {{t\|2.55\|g85r2a-ztjk}} | {{t\|2.46\|g85r2a-z1hg}} | {{t\|2.58\|g85r2a-xygx}} | {{t\|2.58\|g85r2a-6nzz}} | {{t\|2.62\|g85r2a-15pz}} | {{t\|2.45\|g85r2a-ax0t}} | {{t\|2.62\|g85r2a-3fwx}} | {{t\|2.87\|g85r2a-hgoj}} | {{t\|2.97\|g85r2a-z2ve}} | {{t\|2.89\|g85r2a-kazl}} |
| Immediate fixed annuity and P/C liability for incurred claims — USD | {{t\|4.64\|g85r2a-jjzq}} | {{t\|4.49\|g85r2a-mzqj}} | {{t\|4.53\|g85r2a-5u1w}} | {{t\|4.57\|g85r2a-zowx}} | {{t\|4.33\|g85r2a-2wqh}} | {{t\|4.59\|g85r2a-wnjc}} | {{t\|4.27\|g85r2a-wafh}} | {{t\|4.40\|g85r2a-xhh6}} | {{t\|4.55\|g85r2a-7y30}} | {{t\|4.38\|g85r2a-73nv}} |
| Traditional participating and other insurance contracts (2) — EUR | {{t\|2.47 - 3.11\|g85r2a-1jzc}} | {{t\|2.38 - 3.02\|g85r2a-oxj9}} | {{t\|2.50 - 3.14\|g85r2a-cpcu}} | {{t\|2.49 - 3.13\|g85r2a-ypt5}} | {{t\|2.55 - 3.08\|g85r2a-wejj}} | {{t\|2.36 - 3.00\|g85r2a-r7x7}} | {{t\|2.53 - 3.17\|g85r2a-1osm}} | {{t\|2.78 - 3.41\|g85r2a-tegh}} | {{t\|2.88 - 3.51\|g85r2a-xs5b}} | {{t\|2.81 - 3.34\|g85r2a-0eaz}} |
| Traditional participating and other insurance contracts (2) — USD | {{t\|5.34 - 5.41\|g85r2a-4z4v}} | {{t\|5.19 - 5.25\|g85r2a-7ms8}} | {{t\|5.24 - 5.30\|g85r2a-mjlp}} | {{t\|5.27 - 5.34\|g85r2a-gg2m}} | {{t\|5.00 - 5.06\|g85r2a-e2ph}} | {{t\|5.19 - 5.37\|g85r2a-bzyv}} | {{t\|4.87 - 5.05\|g85r2a-vyp3}} | {{t\|5.00 - 5.18\|g85r2a-zmok}} | {{t\|5.15 - 5.33\|g85r2a-9kq1}} | {{t\|4.95 - 5.13\|g85r2a-rqm6}} |
**Valuation rates by currency and duration, IFRS 17 (3)(footnote: The table sets out the continuously compounded market rates used to discount the cash flows of insurance contracts for major currencies. Source: LSEG Data & Analytics; internal processing of market quotes.).**
| % | 30.06.2025 1 year | 30.06.2025 5 years | 30.06.2025 10 years | 30.06.2025 20 years | 30.06.2025 30 years | 30.09.2025 1 year | 30.09.2025 5 years | 30.09.2025 10 years | 30.09.2025 20 years | 30.09.2025 30 years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Unit-linked contracts — EUR | {{t\|1.93\|g85r2a-g4cv}} | {{t\|2.20\|g85r2a-cqt9}} | {{t\|2.54\|g85r2a-wlhs}} | {{t\|2.76\|g85r2a-n4zj}} | {{t\|2.82\|g85r2a-0uz4}} | {{t\|2.05\|g85r2a-5ask}} | {{t\|2.31\|g85r2a-8xyc}} | {{t\|2.62\|g85r2a-s7pt}} | {{t\|2.88\|g85r2a-orj8}} | {{t\|2.93\|g85r2a-spft}} |
| Unit-linked contracts — USD | {{t\|3.80\|g85r2a-ddti}} | {{t\|3.37\|g85r2a-r5am}} | {{t\|3.65\|g85r2a-5730}} | {{t\|3.96\|g85r2a-1nix}} | {{t\|3.87\|g85r2a-olnh}} | {{t\|3.58\|g85r2a-z6t4}} | {{t\|3.34\|g85r2a-h0ti}} | {{t\|3.63\|g85r2a-7pr8}} | {{t\|3.98\|g85r2a-3hdx}} | {{t\|3.91\|g85r2a-fyvq}} |
| Immediate fixed annuity and P/C liability for incurred claims — EUR | {{t\|2.19\|g85r2a-k7na}} | {{t\|2.45\|g85r2a-gdwa}} | {{t\|2.79\|g85r2a-wq07}} | {{t\|3.01\|g85r2a-46lu}} | {{t\|3.04\|g85r2a-5z6b}} | {{t\|2.26\|g85r2a-ng6b}} | {{t\|2.52\|g85r2a-pi01}} | {{t\|2.82\|g85r2a-8gru}} | {{t\|3.08\|g85r2a-fpx6}} | {{t\|3.12\|g85r2a-ne0w}} |
| Immediate fixed annuity and P/C liability for incurred claims — USD | {{t\|4.51\|g85r2a-lj18}} | {{t\|4.09\|g85r2a-7w8l}} | {{t\|4.36\|g85r2a-ofwv}} | {{t\|4.67\|g85r2a-4pyb}} | {{t\|4.54\|g85r2a-yyzj}} | {{t\|4.17\|g85r2a-25a2}} | {{t\|3.94\|g85r2a-xvhm}} | {{t\|4.22\|g85r2a-a3cj}} | {{t\|4.57\|g85r2a-8ven}} | {{t\|4.47\|g85r2a-ubrr}} |
| Traditional participating and other insurance contracts (2) — EUR | {{t\|1.93 - 2.68\|g85r2a-xneu}} | {{t\|2.20 - 2.94\|g85r2a-c9bd}} | {{t\|2.54 - 3.28\|g85r2a-apit}} | {{t\|2.76 - 3.51\|g85r2a-pjsq}} | {{t\|2.82 - 3.47\|g85r2a-wy6l}} | {{t\|2.05 - 2.75\|g85r2a-5e33}} | {{t\|2.31 - 3.01\|g85r2a-bwq7}} | {{t\|2.62 - 3.32\|g85r2a-c7hk}} | {{t\|2.88 - 3.57\|g85r2a-5w39}} | {{t\|2.93 - 3.56\|g85r2a-n19v}} |
| Traditional participating and other insurance contracts (2) — USD | {{t\|5.09 - 5.29\|g85r2a-65jg}} | {{t\|4.67 - 4.87\|g85r2a-fm8b}} | {{t\|4.95 - 5.15\|g85r2a-1eli}} | {{t\|5.25 - 5.45\|g85r2a-xaom}} | {{t\|5.10 - 5.29\|g85r2a-kq5t}} | {{t\|4.69 - 4.95\|g85r2a-bhzk}} | {{t\|4.45 - 4.71\|g85r2a-h4hm}} | {{t\|4.74 - 5.00\|g85r2a-ph48}} | {{t\|5.09 - 5.34\|g85r2a-t2ko}} | {{t\|4.96 - 5.21\|g85r2a-nzl5}} |
**Valuation rates by currency and duration, IFRS 17 (3)(footnote: The table sets out the continuously compounded market rates used to discount the cash flows of insurance contracts for major currencies. Source: LSEG Data & Analytics; internal processing of market quotes.). (31.12.2025)**
| % | 1 year | 5 years | 10 years | 20 years | 30 years |
| --- | --- | --- | --- | --- | --- |
| Unit-linked contracts — EUR | {{t\|2.09\|g85r2a-87s1}} | {{t\|2.49\|g85r2a-u6pf}} | {{t\|2.86\|g85r2a-vlk1}} | {{t\|3.20\|g85r2a-u5lx}} | {{t\|3.25\|g85r2a-9zk5}} |
| Unit-linked contracts — USD | {{t\|3.37\|g85r2a-wqv3}} | {{t\|3.41\|g85r2a-nft6}} | {{t\|3.77\|g85r2a-zut9}} | {{t\|4.19\|g85r2a-adzi}} | {{t\|4.14\|g85r2a-tf8a}} |
| Immediate fixed annuity and P/C liability for incurred claims — EUR | {{t\|2.27\|g85r2a-701v}} | {{t\|2.66\|g85r2a-s2hv}} | {{t\|3.04\|g85r2a-v5wu}} | {{t\|3.37\|g85r2a-oxuo}} | {{t\|3.40\|g85r2a-9jcv}} |
| Immediate fixed annuity and P/C liability for incurred claims — USD | {{t\|3.93\|g85r2a-03w1}} | {{t\|3.97\|g85r2a-5py1}} | {{t\|4.32\|g85r2a-8xo3}} | {{t\|4.75\|g85r2a-yy13}} | {{t\|4.67\|g85r2a-vavq}} |
| Traditional participating and other insurance contracts (2) — EUR | {{t\|2.09 - 2.74\|g85r2a-0ab7}} | {{t\|2.49 - 3.14\|g85r2a-fvxp}} | {{t\|2.86 - 3.51\|g85r2a-d0pl}} | {{t\|3.20 - 3.84\|g85r2a-qq0m}} | {{t\|3.25 - 3.80\|g85r2a-5chl}} |
| Traditional participating and other insurance contracts (2) — USD | {{t\|4.40 - 4.63\|g85r2a-j0l5}} | {{t\|4.44 - 4.67\|g85r2a-d7tz}} | {{t\|4.79 - 5.02\|g85r2a-cc7h}} | {{t\|5.22 - 5.44\|g85r2a-e49a}} | {{t\|5.11 - 5.33\|g85r2a-2y0l}} |
(1) Source: WM/Reuters.
(3) The table sets out the continuously compounded market rates used to discount the cash flows of insurance contracts for major currencies. Source: LSEG Data & Analytics; internal processing of market quotes.
(2) Ranges in valuation rates reflect different liquidity characteristics of insurance portfolios in a given currency." |
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| id | "g85r2a-c2" |
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| chunk | 2 |
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| pages | |
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| heading | "Balance Sheet" |
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| content | "**Allianz Group balance sheet.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|28,368\|g85r2a-0io9}} | {{t\|28,058\|g85r2a-iziu}} | {{t\|30,957\|g85r2a-c9s6}} | {{t\|31,637\|g85r2a-mwcx}} | {{t\|32,620\|g85r2a-xojm}} | {{t\|33,886\|g85r2a-m96x}} | {{t\|32,079\|g85r2a-mdy0}} | {{t\|29,854\|g85r2a-onn9}} | {{t\|-5.6%\|g85r2a-y7xb}} |
| Assets — Investments | {{t\|735,375\|g85r2a-f8b9}} | {{t\|729,065\|g85r2a-p6p1}} | {{t\|741,988\|g85r2a-ij9e}} | {{t\|752,815\|g85r2a-l26m}} | {{t\|738,766\|g85r2a-wv7u}} | {{t\|732,606\|g85r2a-walc}} | {{t\|748,021\|g85r2a-meia}} | {{t\|753,487\|g85r2a-9gps}} | {{t\|0.1%\|g85r2a-ahag}} |
| Assets — Financial assets for unit-linked contracts | {{t\|159,150\|g85r2a-nfdw}} | {{t\|160,465\|g85r2a-lmuk}} | {{t\|141,900\|g85r2a-5j85}} | {{t\|146,470\|g85r2a-5uyo}} | {{t\|143,969\|g85r2a-k3v9}} | {{t\|145,831\|g85r2a-fc62}} | {{t\|152,187\|g85r2a-cx4q}} | {{t\|158,203\|g85r2a-7wvf}} | {{t\|8.0%\|g85r2a-7c78}} |
| Assets — Insurance contract assets | {{t\|77\|g85r2a-mj1s}} | {{t\|88\|g85r2a-bzna}} | {{t\|109\|g85r2a-qnvq}} | {{t\|142\|g85r2a-laho}} | {{t\|223\|g85r2a-pmay}} | {{t\|214\|g85r2a-7h4w}} | {{t\|187\|g85r2a-qezg}} | {{t\|223\|g85r2a-t6k8}} | {{t\|57.2%\|g85r2a-8vn7}} |
| Assets — Reinsurance contract assets | {{t\|25,199\|g85r2a-bq7f}} | {{t\|25,627\|g85r2a-7kvm}} | {{t\|27,224\|g85r2a-s1o1}} | {{t\|28,770\|g85r2a-xi8r}} | {{t\|27,370\|g85r2a-gp1s}} | {{t\|26,059\|g85r2a-p0of}} | {{t\|27,902\|g85r2a-tpvy}} | {{t\|27,797\|g85r2a-rvb2}} | {{t\|-3.4%\|g85r2a-jc5f}} |
| Assets — Deferred tax assets | {{t\|6,090\|g85r2a-6s3s}} | {{t\|6,305\|g85r2a-mb77}} | {{t\|6,663\|g85r2a-jxbk}} | {{t\|6,055\|g85r2a-cizn}} | {{t\|5,556\|g85r2a-zuy1}} | {{t\|5,354\|g85r2a-41v8}} | {{t\|4,935\|g85r2a-5lf3}} | {{t\|5,161\|g85r2a-7yq9}} | {{t\|-14.8%\|g85r2a-9ojq}} |
| Assets — Other assets | {{t\|30,468\|g85r2a-6fij}} | {{t\|29,744\|g85r2a-fgmk}} | {{t\|58,805\|g85r2a-q154}} | {{t\|59,564\|g85r2a-1rml}} | {{t\|59,445\|g85r2a-bu25}} | {{t\|30,550\|g85r2a-6dpj}} | {{t\|28,823\|g85r2a-2zms}} | {{t\|30,928\|g85r2a-udj1}} | {{t\|-48.1%\|g85r2a-4vjm}} |
| Assets — Intangible assets | {{t\|19,004\|g85r2a-eo0x}} | {{t\|19,003\|g85r2a-1gkl}} | {{t\|18,844\|g85r2a-e7px}} | {{t\|19,126\|g85r2a-9f08}} | {{t\|18,908\|g85r2a-kz66}} | {{t\|18,384\|g85r2a-npx4}} | {{t\|18,638\|g85r2a-2uyz}} | {{t\|18,623\|g85r2a-y5zs}} | {{t\|-2.6%\|g85r2a-dcic}} |
| **Assets — Total assets** | {{t\|1,003,731\|g85r2a-gg91}} | {{t\|998,354\|g85r2a-i8gg}} | {{t\|1,026,489\|g85r2a-jxgp}} | {{t\|1,044,578\|g85r2a-xx4t}} | {{t\|1,026,857\|g85r2a-8ixv}} | {{t\|992,884\|g85r2a-d2dm}} | {{t\|1,012,773\|g85r2a-r5os}} | {{t\|1,024,276\|g85r2a-4asc}} | {{t\|-1.9%\|g85r2a-5a41}} |
| Liabilities and equity — Financial liabilites | {{t\|62,340\|g85r2a-838q}} | {{t\|62,690\|g85r2a-yije}} | {{t\|64,440\|g85r2a-v7r0}} | {{t\|66,137\|g85r2a-ycrc}} | {{t\|60,976\|g85r2a-naj7}} | {{t\|64,717\|g85r2a-0txq}} | {{t\|66,151\|g85r2a-emph}} | {{t\|66,291\|g85r2a-q1vv}} | {{t\|0.2%\|g85r2a-iiiz}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|789,271\|g85r2a-l64v}} | {{t\|789,512\|g85r2a-lv89}} | {{t\|789,353\|g85r2a-40yw}} | {{t\|800,511\|g85r2a-du0r}} | {{t\|785,857\|g85r2a-imbe}} | {{t\|780,496\|g85r2a-uhlk}} | {{t\|793,533\|g85r2a-m0u4}} | {{t\|800,677\|g85r2a-vmiv}} | {{t\|0.0%\|g85r2a-5f9w}} |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|327\|g85r2a-3kxm}} | {{t\|267\|g85r2a-05uz}} | {{t\|264\|g85r2a-g6yy}} | {{t\|316\|g85r2a-6b4v}} | {{t\|457\|g85r2a-wern}} | {{t\|434\|g85r2a-epbq}} | {{t\|471\|g85r2a-xrki}} | {{t\|497\|g85r2a-vj56}} | {{t\|57.3%\|g85r2a-lzwf}} |
| Liabilities and equity — Investment contract liabilities | {{t\|50,380\|g85r2a-tfgx}} | {{t\|50,252\|g85r2a-yish}} | {{t\|42,905\|g85r2a-fzgs}} | {{t\|44,553\|g85r2a-zrz0}} | {{t\|44,805\|g85r2a-9rxu}} | {{t\|46,328\|g85r2a-xroy}} | {{t\|48,817\|g85r2a-lcwr}} | {{t\|50,550\|g85r2a-7f9p}} | {{t\|13.5%\|g85r2a-22nc}} |
| Liabilities and equity — Deferred tax liabilities | {{t\|2,148\|g85r2a-13n2}} | {{t\|2,283\|g85r2a-hbg2}} | {{t\|2,495\|g85r2a-vp42}} | {{t\|2,257\|g85r2a-ny80}} | {{t\|2,174\|g85r2a-7cqc}} | {{t\|2,231\|g85r2a-bu1d}} | {{t\|2,318\|g85r2a-31pt}} | {{t\|2,436\|g85r2a-r9na}} | {{t\|7.9%\|g85r2a-lih3}} |
| Liabilities and equity — Other liabilities | {{t\|35,847\|g85r2a-t63r}} | {{t\|34,541\|g85r2a-zib9}} | {{t\|65,652\|g85r2a-xd8u}} | {{t\|66,728\|g85r2a-hjkk}} | {{t\|66,382\|g85r2a-abek}} | {{t\|38,166\|g85r2a-vwtp}} | {{t\|37,779\|g85r2a-wbks}} | {{t\|37,477\|g85r2a-jxg8}} | {{t\|-43.8%\|g85r2a-jt0w}} |
| **Liabilities and equity — Total liabilities** | {{t\|940,311\|g85r2a-x069}} | {{t\|939,544\|g85r2a-ughs}} | {{t\|965,109\|g85r2a-jm2u}} | {{t\|980,502\|g85r2a-z94q}} | {{t\|960,652\|g85r2a-yyv1}} | {{t\|932,372\|g85r2a-1j4w}} | {{t\|949,070\|g85r2a-0dao}} | {{t\|957,928\|g85r2a-yvo3}} | {{t\|-2.3%\|g85r2a-icfk}} |
| Liabilities and equity — Shareholders' equity | {{t\|59,979\|g85r2a-sa1t}} | {{t\|55,511\|g85r2a-9r7h}} | {{t\|57,772\|g85r2a-qekb}} | {{t\|60,287\|g85r2a-f5ne}} | {{t\|62,386\|g85r2a-0cp4}} | {{t\|57,195\|g85r2a-uptc}} | {{t\|60,208\|g85r2a-j85u}} | {{t\|62,722\|g85r2a-ihch}} | {{t\|4.0%\|g85r2a-hp3p}} |
| Liabilities and equity — Issued capital | {{t\|1,170\|g85r2a-qk8c}} | {{t\|1,170\|g85r2a-luh0}} | {{t\|1,170\|g85r2a-vepq}} | {{t\|1,170\|g85r2a-67wm}} | {{t\|1,170\|g85r2a-uc8a}} | {{t\|1,170\|g85r2a-94au}} | {{t\|1,170\|g85r2a-ht93}} | {{t\|1,170\|g85r2a-ojan}} | {{t\|0.0%\|g85r2a-33hk}} |
| Liabilities and equity — Additional paid-in capital | {{t\|27,732\|g85r2a-oah3}} | {{t\|27,732\|g85r2a-xepa}} | {{t\|27,732\|g85r2a-1lsa}} | {{t\|27,732\|g85r2a-dds1}} | {{t\|27,732\|g85r2a-335o}} | {{t\|27,732\|g85r2a-smfo}} | {{t\|27,732\|g85r2a-ie97}} | {{t\|27,732\|g85r2a-dqwh}} | {{t\|0.0%\|g85r2a-n9y7}} |
| Liabilities and equity — Undated subordinated bonds | {{t\|4,815\|g85r2a-a7rh}} | {{t\|4,833\|g85r2a-hpbg}} | {{t\|4,741\|g85r2a-idqi}} | {{t\|4,915\|g85r2a-ba4c}} | {{t\|4,815\|g85r2a-tgmv}} | {{t\|4,630\|g85r2a-zlz4}} | {{t\|4,906\|g85r2a-izy4}} | {{t\|4,629\|g85r2a-iytf}} | {{t\|-5.8%\|g85r2a-pyqj}} |
| Liabilities and equity — Retained earnings | {{t\|32,683\|g85r2a-e79x}} | {{t\|29,073\|g85r2a-2bl7}} | {{t\|30,899\|g85r2a-stkw}} | {{t\|33,316\|g85r2a-7322}} | {{t\|35,911\|g85r2a-kjgt}} | {{t\|31,739\|g85r2a-gz6h}} | {{t\|33,602\|g85r2a-c4qo}} | {{t\|36,243\|g85r2a-nded}} | {{t\|8.8%\|g85r2a-63h6}} |
| Liabilities and equity — Foreign currency translation adjustments | {{t\|-2,541\|g85r2a-uxmh}} | {{t\|-2,379\|g85r2a-kmet}} | {{t\|-2,865\|g85r2a-aoac}} | {{t\|-1,614\|g85r2a-mmc5}} | {{t\|-2,651\|g85r2a-qrfi}} | {{t\|-4,473\|g85r2a-fn89}} | {{t\|-4,619\|g85r2a-969c}} | {{t\|-4,512\|g85r2a-e464}} | {{t\|179.6%\|g85r2a-tl17}} |
| Liabilities and equity — Net unrealized gains and losses | {{t\|-3,880\|g85r2a-v0vx}} | {{t\|-4,917\|g85r2a-v0t6}} | {{t\|-3,905\|g85r2a-nc9m}} | {{t\|-5,232\|g85r2a-yjqp}} | {{t\|-4,590\|g85r2a-vcbu}} | {{t\|-3,602\|g85r2a-4xtd}} | {{t\|-2,582\|g85r2a-8g2x}} | {{t\|-2,540\|g85r2a-2wee}} | {{t\|-51.5%\|g85r2a-94xv}} |
| Liabilities and equity — Non-controlling interests | {{t\|3,441\|g85r2a-pp6k}} | {{t\|3,299\|g85r2a-guy0}} | {{t\|3,609\|g85r2a-4ke0}} | {{t\|3,789\|g85r2a-e1v9}} | {{t\|3,819\|g85r2a-ydgq}} | {{t\|3,317\|g85r2a-dbzl}} | {{t\|3,495\|g85r2a-zfh4}} | {{t\|3,627\|g85r2a-ko70}} | {{t\|-4.3%\|g85r2a-k0cv}} |
| **Liabilities and equity — Total equity** | {{t\|63,420\|g85r2a-frey}} | {{t\|58,810\|g85r2a-2tw2}} | {{t\|61,381\|g85r2a-npnj}} | {{t\|64,076\|g85r2a-s28a}} | {{t\|66,205\|g85r2a-nguv}} | {{t\|60,512\|g85r2a-983d}} | {{t\|63,703\|g85r2a-jdgg}} | {{t\|66,349\|g85r2a-lhrl}} | {{t\|3.5%\|g85r2a-h3bo}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|1,003,731\|g85r2a-v50f}} | {{t\|998,354\|g85r2a-3ira}} | {{t\|1,026,489\|g85r2a-bk1x}} | {{t\|1,044,578\|g85r2a-t7zr}} | {{t\|1,026,857\|g85r2a-ptf2}} | {{t\|992,884\|g85r2a-981c}} | {{t\|1,012,773\|g85r2a-d0on}} | {{t\|1,024,276\|g85r2a-ff65}} | {{t\|-1.9%\|g85r2a-pc4r}} |
**Property-Casualty balance sheet.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|6,033\|g85r2a-yb7d}} | {{t\|5,602\|g85r2a-pddq}} | {{t\|6,363\|g85r2a-6370}} | {{t\|7,322\|g85r2a-quy5}} | {{t\|7,305\|g85r2a-atk7}} | {{t\|6,749\|g85r2a-bs18}} | {{t\|6,605\|g85r2a-0sej}} | {{t\|6,101\|g85r2a-ehx0}} | {{t\|-16.7%\|g85r2a-rwu4}} |
| Assets — Investments | {{t\|119,704\|g85r2a-ay0k}} | {{t\|119,869\|g85r2a-4v3h}} | {{t\|121,087\|g85r2a-jvmr}} | {{t\|121,318\|g85r2a-f8m7}} | {{t\|113,432\|g85r2a-vddf}} | {{t\|112,410\|g85r2a-16o6}} | {{t\|113,662\|g85r2a-a64l}} | {{t\|114,015\|g85r2a-yeqf}} | {{t\|-6.0%\|g85r2a-slzr}} |
| Assets — Financial assets for unit-linked contracts | {{t\|0\|g85r2a-n4nx}} | {{t\|0\|g85r2a-ram0}} | {{t\|0\|g85r2a-bqfb}} | {{t\|0\|g85r2a-9sim}} | {{t\|0\|g85r2a-syr9}} | {{t\|0\|g85r2a-vf3p}} | {{t\|0\|g85r2a-5sfg}} | {{t\|0\|g85r2a-6otp}} | n.m. |
| Assets — Insurance contract assets | {{t\|1\|g85r2a-v2fh}} | {{t\|0\|g85r2a-tlx5}} | {{t\|11\|g85r2a-lvjb}} | {{t\|18\|g85r2a-fukl}} | {{t\|88\|g85r2a-dd30}} | {{t\|63\|g85r2a-sr6e}} | {{t\|24\|g85r2a-vmxl}} | {{t\|34\|g85r2a-0f75}} | {{t\|95.1%\|g85r2a-wjkd}} |
| Assets — Reinsurance contract assets | {{t\|10,972\|g85r2a-f1nx}} | {{t\|11,390\|g85r2a-6y0l}} | {{t\|13,173\|g85r2a-2qvl}} | {{t\|14,366\|g85r2a-ucyn}} | {{t\|13,760\|g85r2a-ohzs}} | {{t\|13,718\|g85r2a-99i5}} | {{t\|15,496\|g85r2a-mn12}} | {{t\|15,601\|g85r2a-5h00}} | {{t\|8.6%\|g85r2a-qke5}} |
| Assets — Deferred tax assets | {{t\|1,574\|g85r2a-14v8}} | {{t\|1,650\|g85r2a-bzb4}} | {{t\|1,730\|g85r2a-hylt}} | {{t\|1,829\|g85r2a-6dwi}} | {{t\|1,746\|g85r2a-5rzm}} | {{t\|1,575\|g85r2a-7xlk}} | {{t\|1,499\|g85r2a-wfnm}} | {{t\|1,353\|g85r2a-dmhg}} | {{t\|-26.0%\|g85r2a-c3gt}} |
| Assets — Other assets | {{t\|25,199\|g85r2a-baua}} | {{t\|25,202\|g85r2a-9rdq}} | {{t\|25,948\|g85r2a-c9yf}} | {{t\|26,878\|g85r2a-mcn1}} | {{t\|26,734\|g85r2a-aj94}} | {{t\|27,354\|g85r2a-vi3p}} | {{t\|27,025\|g85r2a-6ahm}} | {{t\|26,500\|g85r2a-8udh}} | {{t\|-1.4%\|g85r2a-c6sx}} |
| Assets — Intangible assets | {{t\|6,538\|g85r2a-zpxa}} | {{t\|6,518\|g85r2a-g6i9}} | {{t\|6,512\|g85r2a-uwyr}} | {{t\|6,450\|g85r2a-7jfi}} | {{t\|6,289\|g85r2a-6dc1}} | {{t\|6,220\|g85r2a-j2al}} | {{t\|6,510\|g85r2a-qw21}} | {{t\|6,475\|g85r2a-cg7n}} | {{t\|0.4%\|g85r2a-lu9r}} |
| **Assets — Total assets** | {{t\|170,021\|g85r2a-rh46}} | {{t\|170,232\|g85r2a-s5pk}} | {{t\|174,823\|g85r2a-c52b}} | {{t\|178,180\|g85r2a-zta4}} | {{t\|169,353\|g85r2a-fyok}} | {{t\|168,088\|g85r2a-y541}} | {{t\|170,821\|g85r2a-orhu}} | {{t\|170,080\|g85r2a-jtxq}} | {{t\|-4.5%\|g85r2a-1164}} |
| Liabilities and equity — Financial liabilites | {{t\|1,997\|g85r2a-pp0p}} | {{t\|1,983\|g85r2a-po0q}} | {{t\|2,068\|g85r2a-anag}} | {{t\|2,996\|g85r2a-d8fp}} | {{t\|2,856\|g85r2a-jlft}} | {{t\|3,322\|g85r2a-v6iv}} | {{t\|2,612\|g85r2a-3sun}} | {{t\|1,881\|g85r2a-l7ax}} | {{t\|-37.2%\|g85r2a-qsoy}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|98,794\|g85r2a-tx0t}} | {{t\|99,699\|g85r2a-yhms}} | {{t\|101,381\|g85r2a-obju}} | {{t\|102,436\|g85r2a-v1nz}} | {{t\|96,028\|g85r2a-65xn}} | {{t\|95,523\|g85r2a-6rtm}} | {{t\|96,899\|g85r2a-qtc4}} | {{t\|96,308\|g85r2a-0qfu}} | {{t\|-6.0%\|g85r2a-9llm}} |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|228\|g85r2a-en7h}} | {{t\|113\|g85r2a-mo4h}} | {{t\|122\|g85r2a-iv94}} | {{t\|124\|g85r2a-1fdf}} | {{t\|245\|g85r2a-h9ij}} | {{t\|227\|g85r2a-pw69}} | {{t\|251\|g85r2a-pjz2}} | {{t\|261\|g85r2a-sc6i}} | {{t\|109.7%\|g85r2a-r3lo}} |
| Liabilities and equity — Investment contract liabilities | {{t\|0\|g85r2a-u09z}} | {{t\|0\|g85r2a-vje6}} | {{t\|0\|g85r2a-u9gs}} | {{t\|0\|g85r2a-71kk}} | {{t\|0\|g85r2a-rqwh}} | {{t\|0\|g85r2a-uz8c}} | {{t\|0\|g85r2a-qvcx}} | {{t\|0\|g85r2a-xvgk}} | n.m. |
| Liabilities and equity — Deferred tax liabilities | {{t\|1,774\|g85r2a-7j7m}} | {{t\|1,752\|g85r2a-vb9i}} | {{t\|2,236\|g85r2a-zejt}} | {{t\|2,274\|g85r2a-zwn5}} | {{t\|1,961\|g85r2a-m6yq}} | {{t\|2,072\|g85r2a-r5u4}} | {{t\|1,979\|g85r2a-v6mp}} | {{t\|2,233\|g85r2a-4g27}} | {{t\|-1.8%\|g85r2a-f9ih}} |
| Liabilities and equity — Other liabilities | {{t\|16,288\|g85r2a-y8zs}} | {{t\|16,605\|g85r2a-euni}} | {{t\|17,211\|g85r2a-7mg3}} | {{t\|18,070\|g85r2a-86c2}} | {{t\|16,991\|g85r2a-4zoh}} | {{t\|16,654\|g85r2a-meir}} | {{t\|17,465\|g85r2a-8q9g}} | {{t\|17,708\|g85r2a-pmtq}} | {{t\|-2.0%\|g85r2a-lfw5}} |
| **Liabilities and equity — Total liabilities** | {{t\|119,080\|g85r2a-kg5o}} | {{t\|120,152\|g85r2a-6op0}} | {{t\|123,017\|g85r2a-piw2}} | {{t\|125,901\|g85r2a-r1g2}} | {{t\|118,081\|g85r2a-pv0m}} | {{t\|117,799\|g85r2a-6tra}} | {{t\|119,206\|g85r2a-qw00}} | {{t\|118,390\|g85r2a-esl5}} | {{t\|-6.0%\|g85r2a-jauu}} |
| Liabilities and equity — Shareholders' equity | {{t\|49,397\|g85r2a-39fu}} | {{t\|48,595\|g85r2a-izkx}} | {{t\|50,242\|g85r2a-ha1a}} | {{t\|50,632\|g85r2a-l94v}} | {{t\|49,607\|g85r2a-mrnr}} | {{t\|48,664\|g85r2a-pw3a}} | {{t\|49,927\|g85r2a-7718}} | {{t\|49,946\|g85r2a-i9el}} | {{t\|-1.4%\|g85r2a-pgnb}} |
| Liabilities and equity — Non-controlling interests | {{t\|1,543\|g85r2a-wjif}} | {{t\|1,485\|g85r2a-srq7}} | {{t\|1,564\|g85r2a-pkul}} | {{t\|1,647\|g85r2a-i3qh}} | {{t\|1,665\|g85r2a-wzhr}} | {{t\|1,624\|g85r2a-14a6}} | {{t\|1,689\|g85r2a-nrw1}} | {{t\|1,743\|g85r2a-q8s4}} | {{t\|5.8%\|g85r2a-ems6}} |
| **Liabilities and equity — Total equity** | {{t\|50,940\|g85r2a-wqv4}} | {{t\|50,080\|g85r2a-pf1j}} | {{t\|51,806\|g85r2a-w9qa}} | {{t\|52,280\|g85r2a-t65n}} | {{t\|51,272\|g85r2a-x2og}} | {{t\|50,289\|g85r2a-q4hw}} | {{t\|51,615\|g85r2a-rz5r}} | {{t\|51,689\|g85r2a-5iuh}} | {{t\|-1.1%\|g85r2a-9gfi}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|170,021\|g85r2a-8fr9}} | {{t\|170,232\|g85r2a-chrg}} | {{t\|174,823\|g85r2a-7bu7}} | {{t\|178,180\|g85r2a-y3gw}} | {{t\|169,353\|g85r2a-ehly}} | {{t\|168,088\|g85r2a-a3w0}} | {{t\|170,821\|g85r2a-ppsd}} | {{t\|170,080\|g85r2a-z648}} | {{t\|-4.5%\|g85r2a-mm73}} |
**Life/Health balance sheet.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|16,928\|g85r2a-hjri}} | {{t\|16,501\|g85r2a-kglc}} | {{t\|19,522\|g85r2a-57oj}} | {{t\|17,364\|g85r2a-tckv}} | {{t\|18,442\|g85r2a-11lt}} | {{t\|20,056\|g85r2a-jgx2}} | {{t\|19,624\|g85r2a-tip6}} | {{t\|18,641\|g85r2a-3igb}} | {{t\|7.4%\|g85r2a-dima}} |
| Assets — Investments | {{t\|585,649\|g85r2a-ov2t}} | {{t\|582,175\|g85r2a-49xh}} | {{t\|589,989\|g85r2a-5d2i}} | {{t\|598,409\|g85r2a-ditw}} | {{t\|589,860\|g85r2a-97fi}} | {{t\|586,224\|g85r2a-sf8v}} | {{t\|600,164\|g85r2a-8iku}} | {{t\|605,446\|g85r2a-k6n2}} | {{t\|1.2%\|g85r2a-3u61}} |
| Assets — Financial assets for unit-linked contracts | {{t\|159,150\|g85r2a-1hoo}} | {{t\|160,465\|g85r2a-ilcg}} | {{t\|141,900\|g85r2a-612c}} | {{t\|146,470\|g85r2a-1tjz}} | {{t\|143,969\|g85r2a-b8y9}} | {{t\|145,831\|g85r2a-a5co}} | {{t\|152,187\|g85r2a-1oqt}} | {{t\|158,203\|g85r2a-bpez}} | {{t\|8.0%\|g85r2a-5lxc}} |
| Assets — Insurance contract assets | {{t\|77\|g85r2a-3gs3}} | {{t\|88\|g85r2a-38ti}} | {{t\|98\|g85r2a-6hzq}} | {{t\|124\|g85r2a-46wa}} | {{t\|134\|g85r2a-81fd}} | {{t\|151\|g85r2a-ygzf}} | {{t\|163\|g85r2a-00et}} | {{t\|188\|g85r2a-kbmq}} | {{t\|51.7%\|g85r2a-9jur}} |
| Assets — Reinsurance contract assets | {{t\|14,327\|g85r2a-2cgh}} | {{t\|14,311\|g85r2a-xf6s}} | {{t\|14,152\|g85r2a-uo4w}} | {{t\|14,546\|g85r2a-kig5}} | {{t\|13,768\|g85r2a-q2u0}} | {{t\|12,471\|g85r2a-6y3f}} | {{t\|12,567\|g85r2a-4p1y}} | {{t\|12,284\|g85r2a-6t1k}} | {{t\|-15.6%\|g85r2a-rabt}} |
| Assets — Deferred tax assets | {{t\|4,949\|g85r2a-nq8r}} | {{t\|5,006\|g85r2a-qcfx}} | {{t\|10,735\|g85r2a-bpzn}} | {{t\|12,359\|g85r2a-ckum}} | {{t\|13,075\|g85r2a-ree2}} | {{t\|12,203\|g85r2a-vim3}} | {{t\|10,759\|g85r2a-dh0q}} | {{t\|11,476\|g85r2a-y43c}} | {{t\|-7.1%\|g85r2a-s8wy}} |
| Assets — Other assets | {{t\|15,013\|g85r2a-pgbj}} | {{t\|15,452\|g85r2a-mftx}} | {{t\|45,680\|g85r2a-i77q}} | {{t\|47,166\|g85r2a-7idd}} | {{t\|47,363\|g85r2a-evew}} | {{t\|19,088\|g85r2a-ao93}} | {{t\|17,753\|g85r2a-31la}} | {{t\|18,304\|g85r2a-2zzx}} | {{t\|-61.2%\|g85r2a-pbsi}} |
| Assets — Intangible assets | {{t\|4,617\|g85r2a-gwcs}} | {{t\|4,609\|g85r2a-0z7j}} | {{t\|4,603\|g85r2a-t8f2}} | {{t\|4,633\|g85r2a-ftii}} | {{t\|4,744\|g85r2a-kcfd}} | {{t\|4,588\|g85r2a-psd0}} | {{t\|4,564\|g85r2a-f8t9}} | {{t\|4,585\|g85r2a-vcf9}} | {{t\|-1.0%\|g85r2a-l2dh}} |
| **Assets — Total assets** | {{t\|800,710\|g85r2a-if89}} | {{t\|798,606\|g85r2a-o36h}} | {{t\|826,678\|g85r2a-8pak}} | {{t\|841,071\|g85r2a-ya9z}} | {{t\|831,355\|g85r2a-wx98}} | {{t\|800,613\|g85r2a-4127}} | {{t\|817,781\|g85r2a-11eh}} | {{t\|829,128\|g85r2a-s7ag}} | {{t\|-1.4%\|g85r2a-xz5s}} |
| Liabilities and equity — Financial liabilites | {{t\|25,615\|g85r2a-iqfb}} | {{t\|25,470\|g85r2a-w8c7}} | {{t\|26,319\|g85r2a-17li}} | {{t\|26,608\|g85r2a-1xcv}} | {{t\|21,695\|g85r2a-mx7n}} | {{t\|24,529\|g85r2a-yh3t}} | {{t\|27,288\|g85r2a-2z5t}} | {{t\|28,398\|g85r2a-buvy}} | {{t\|6.7%\|g85r2a-lcgo}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|690,585\|g85r2a-0vf5}} | {{t\|689,908\|g85r2a-cdlx}} | {{t\|688,073\|g85r2a-gx9f}} | {{t\|698,221\|g85r2a-du8g}} | {{t\|689,956\|g85r2a-yqwt}} | {{t\|685,064\|g85r2a-85nk}} | {{t\|696,783\|g85r2a-go3z}} | {{t\|704,423\|g85r2a-x25h}} | {{t\|0.9%\|g85r2a-t0fg}} |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|99\|g85r2a-n2g5}} | {{t\|154\|g85r2a-4aqw}} | {{t\|142\|g85r2a-q91c}} | {{t\|191\|g85r2a-1gl0}} | {{t\|212\|g85r2a-z1li}} | {{t\|207\|g85r2a-uy0c}} | {{t\|220\|g85r2a-wyg2}} | {{t\|235\|g85r2a-r3jb}} | {{t\|23.0%\|g85r2a-qr70}} |
| Liabilities and equity — Investment contract liabilities | {{t\|50,380\|g85r2a-tehp}} | {{t\|50,252\|g85r2a-okk2}} | {{t\|42,905\|g85r2a-1qai}} | {{t\|44,553\|g85r2a-h6ag}} | {{t\|44,805\|g85r2a-t30d}} | {{t\|46,328\|g85r2a-mlt3}} | {{t\|48,817\|g85r2a-nigy}} | {{t\|50,550\|g85r2a-x1z1}} | {{t\|13.5%\|g85r2a-r0rc}} |
| Liabilities and equity — Deferred tax liabilities | {{t\|1,920\|g85r2a-ukem}} | {{t\|2,064\|g85r2a-c6io}} | {{t\|7,103\|g85r2a-a59l}} | {{t\|8,732\|g85r2a-g7df}} | {{t\|9,892\|g85r2a-pqgk}} | {{t\|8,903\|g85r2a-uf2e}} | {{t\|7,838\|g85r2a-ghqn}} | {{t\|8,022\|g85r2a-73l8}} | {{t\|-8.1%\|g85r2a-2y1c}} |
| Liabilities and equity — Other liabilities | {{t\|8,525\|g85r2a-p6t6}} | {{t\|8,329\|g85r2a-xd9y}} | {{t\|39,002\|g85r2a-5ck6}} | {{t\|39,226\|g85r2a-027c}} | {{t\|37,805\|g85r2a-st0k}} | {{t\|9,658\|g85r2a-zmoi}} | {{t\|9,286\|g85r2a-pfxn}} | {{t\|9,266\|g85r2a-q80g}} | {{t\|-76.4%\|g85r2a-mx9a}} |
| **Liabilities and equity — Total liabilities** | {{t\|777,123\|g85r2a-tzvw}} | {{t\|776,178\|g85r2a-t58n}} | {{t\|803,544\|g85r2a-wmt8}} | {{t\|817,531\|g85r2a-ekty}} | {{t\|804,365\|g85r2a-2fq5}} | {{t\|774,689\|g85r2a-z6xt}} | {{t\|790,232\|g85r2a-r9az}} | {{t\|800,894\|g85r2a-ps0b}} | {{t\|-2.0%\|g85r2a-7v2l}} |
| Liabilities and equity — Shareholders' equity | {{t\|21,853\|g85r2a-5gb9}} | {{t\|20,779\|g85r2a-b4e4}} | {{t\|21,276\|g85r2a-lfnz}} | {{t\|21,601\|g85r2a-wb3e}} | {{t\|25,040\|g85r2a-mv11}} | {{t\|24,449\|g85r2a-k0ed}} | {{t\|26,080\|g85r2a-pcny}} | {{t\|26,701\|g85r2a-7uu3}} | {{t\|23.6%\|g85r2a-b2tk}} |
| Liabilities and equity — Non-controlling interests | {{t\|1,734\|g85r2a-3a9a}} | {{t\|1,650\|g85r2a-6hnk}} | {{t\|1,857\|g85r2a-v49w}} | {{t\|1,939\|g85r2a-5df9}} | {{t\|1,951\|g85r2a-2nls}} | {{t\|1,475\|g85r2a-a9cr}} | {{t\|1,470\|g85r2a-o1z0}} | {{t\|1,533\|g85r2a-b9pv}} | {{t\|-20.9%\|g85r2a-wlap}} |
| **Liabilities and equity — Total equity** | {{t\|23,587\|g85r2a-farn}} | {{t\|22,428\|g85r2a-exbi}} | {{t\|23,134\|g85r2a-1wym}} | {{t\|23,540\|g85r2a-54jn}} | {{t\|26,990\|g85r2a-xx60}} | {{t\|25,924\|g85r2a-k096}} | {{t\|27,549\|g85r2a-9gcr}} | {{t\|28,234\|g85r2a-8ive}} | {{t\|19.9%\|g85r2a-nx7l}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|800,710\|g85r2a-5av9}} | {{t\|798,606\|g85r2a-u4vz}} | {{t\|826,678\|g85r2a-shnw}} | {{t\|841,071\|g85r2a-hl8g}} | {{t\|831,355\|g85r2a-dr8c}} | {{t\|800,613\|g85r2a-p2at}} | {{t\|817,781\|g85r2a-mom1}} | {{t\|829,128\|g85r2a-ekmr}} | {{t\|-1.4%\|g85r2a-lp5g}} |
**Asset Management balance sheet by asset and liability type.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|1,317\|g85r2a-h0d1}} | {{t\|1,326\|g85r2a-pd4l}} | {{t\|1,159\|g85r2a-do9y}} | {{t\|1,195\|g85r2a-b7ol}} | {{t\|1,264\|g85r2a-5ldj}} | {{t\|975\|g85r2a-6uo5}} | {{t\|1,072\|g85r2a-p255}} | {{t\|1,064\|g85r2a-ylct}} | {{t\|-11.0%\|g85r2a-dfkt}} |
| Assets — Investments | {{t\|1,175\|g85r2a-97gx}} | {{t\|1,169\|g85r2a-slj9}} | {{t\|1,180\|g85r2a-hbfg}} | {{t\|1,340\|g85r2a-1epa}} | {{t\|1,246\|g85r2a-ywpw}} | {{t\|1,263\|g85r2a-dj3s}} | {{t\|1,369\|g85r2a-xjlw}} | {{t\|1,472\|g85r2a-l9z0}} | {{t\|9.9%\|g85r2a-p4xq}} |
| Assets — Financial assets for unit-linked contracts | {{t\|0\|g85r2a-f2ip}} | {{t\|0\|g85r2a-7ttj}} | {{t\|0\|g85r2a-2ybj}} | {{t\|0\|g85r2a-qbt9}} | {{t\|0\|g85r2a-0d99}} | {{t\|0\|g85r2a-gb9o}} | {{t\|0\|g85r2a-cmqp}} | {{t\|0\|g85r2a-kloi}} | n.m. |
| Assets — Insurance contract assets | {{t\|0\|g85r2a-9ewj}} | {{t\|0\|g85r2a-p5y1}} | {{t\|0\|g85r2a-17zo}} | {{t\|0\|g85r2a-195j}} | {{t\|0\|g85r2a-7k4a}} | {{t\|0\|g85r2a-vphn}} | {{t\|0\|g85r2a-67lt}} | {{t\|0\|g85r2a-e9so}} | n.m. |
| Assets — Reinsurance contract assets | {{t\|0\|g85r2a-y86t}} | {{t\|0\|g85r2a-nt62}} | {{t\|0\|g85r2a-xavs}} | {{t\|0\|g85r2a-d0rw}} | {{t\|0\|g85r2a-hsil}} | {{t\|0\|g85r2a-ezxp}} | {{t\|0\|g85r2a-8wmm}} | {{t\|0\|g85r2a-hkih}} | n.m. |
| Assets — Deferred tax assets | {{t\|255\|g85r2a-ekig}} | {{t\|266\|g85r2a-af91}} | {{t\|242\|g85r2a-izil}} | {{t\|242\|g85r2a-oucy}} | {{t\|264\|g85r2a-07zl}} | {{t\|264\|g85r2a-da7d}} | {{t\|256\|g85r2a-qcxx}} | {{t\|260\|g85r2a-vnws}} | {{t\|7.6%\|g85r2a-0slu}} |
| Assets — Other assets | {{t\|5,649\|g85r2a-vdql}} | {{t\|5,845\|g85r2a-vn71}} | {{t\|6,438\|g85r2a-887n}} | {{t\|6,431\|g85r2a-cdw3}} | {{t\|5,651\|g85r2a-sgim}} | {{t\|5,870\|g85r2a-1vuj}} | {{t\|6,404\|g85r2a-icar}} | {{t\|6,563\|g85r2a-13q8}} | {{t\|2.0%\|g85r2a-q141}} |
| Assets — Intangible assets | {{t\|7,555\|g85r2a-0ahk}} | {{t\|7,582\|g85r2a-e61p}} | {{t\|7,436\|g85r2a-sc7s}} | {{t\|7,708\|g85r2a-152x}} | {{t\|7,549\|g85r2a-rqhi}} | {{t\|7,257\|g85r2a-xv2x}} | {{t\|7,251\|g85r2a-w0x9}} | {{t\|7,251\|g85r2a-c0n6}} | {{t\|-5.9%\|g85r2a-kdi5}} |
| **Assets — Total assets** | {{t\|15,951\|g85r2a-508t}} | {{t\|16,188\|g85r2a-80xj}} | {{t\|16,455\|g85r2a-vcrg}} | {{t\|16,917\|g85r2a-cem6}} | {{t\|15,973\|g85r2a-tre0}} | {{t\|15,629\|g85r2a-k2nu}} | {{t\|16,351\|g85r2a-vd30}} | {{t\|16,611\|g85r2a-8vvq}} | {{t\|-1.8%\|g85r2a-ddkw}} |
| Liabilities and equity — Financial liabilites | {{t\|113\|g85r2a-s9tp}} | {{t\|116\|g85r2a-jw8k}} | {{t\|112\|g85r2a-1ag9}} | {{t\|108\|g85r2a-jm77}} | {{t\|4\|g85r2a-rb7y}} | {{t\|4\|g85r2a-lsqm}} | {{t\|24\|g85r2a-126q}} | {{t\|169\|g85r2a-n2ms}} | {{t\|56.4%\|g85r2a-4xe3}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|0\|g85r2a-glaw}} | {{t\|0\|g85r2a-4903}} | {{t\|0\|g85r2a-blvv}} | {{t\|0\|g85r2a-6539}} | {{t\|0\|g85r2a-feey}} | {{t\|0\|g85r2a-ly1s}} | {{t\|0\|g85r2a-i0ff}} | {{t\|0\|g85r2a-eedu}} | n.m. |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|0\|g85r2a-ik5x}} | {{t\|0\|g85r2a-e03v}} | {{t\|0\|g85r2a-jkel}} | {{t\|0\|g85r2a-90to}} | {{t\|0\|g85r2a-cwbz}} | {{t\|0\|g85r2a-ql7n}} | {{t\|0\|g85r2a-lvhv}} | {{t\|0\|g85r2a-whgm}} | n.m. |
| Liabilities and equity — Investment contract liabilities | {{t\|0\|g85r2a-5xr2}} | {{t\|0\|g85r2a-oj33}} | {{t\|0\|g85r2a-j3gg}} | {{t\|0\|g85r2a-lf9c}} | {{t\|0\|g85r2a-08f8}} | {{t\|0\|g85r2a-pvzv}} | {{t\|0\|g85r2a-jhrg}} | {{t\|0\|g85r2a-q5o6}} | n.m. |
| Liabilities and equity — Deferred tax liabilities | {{t\|134\|g85r2a-kjlh}} | {{t\|135\|g85r2a-3u1r}} | {{t\|134\|g85r2a-mtor}} | {{t\|156\|g85r2a-spjj}} | {{t\|143\|g85r2a-3wk6}} | {{t\|142\|g85r2a-7ird}} | {{t\|150\|g85r2a-g65n}} | {{t\|140\|g85r2a-r2wr}} | {{t\|-9.9%\|g85r2a-47gf}} |
| Liabilities and equity — Other liabilities | {{t\|5,299\|g85r2a-7j7l}} | {{t\|5,577\|g85r2a-0p04}} | {{t\|6,021\|g85r2a-y9m7}} | {{t\|6,065\|g85r2a-x8co}} | {{t\|5,399\|g85r2a-3q7q}} | {{t\|5,453\|g85r2a-jczg}} | {{t\|6,074\|g85r2a-8ce3}} | {{t\|6,206\|g85r2a-tg8w}} | {{t\|2.3%\|g85r2a-cv92}} |
| **Liabilities and equity — Total liabilities** | {{t\|5,546\|g85r2a-ug9f}} | {{t\|5,828\|g85r2a-4m2i}} | {{t\|6,268\|g85r2a-kp1j}} | {{t\|6,329\|g85r2a-6kaq}} | {{t\|5,546\|g85r2a-b98m}} | {{t\|5,600\|g85r2a-ssgk}} | {{t\|6,249\|g85r2a-fy9o}} | {{t\|6,516\|g85r2a-1zww}} | {{t\|3.0%\|g85r2a-8795}} |
| Liabilities and equity — Shareholders' equity | {{t\|10,289\|g85r2a-2bre}} | {{t\|10,246\|g85r2a-dxc9}} | {{t\|10,074\|g85r2a-rqve}} | {{t\|10,461\|g85r2a-7hz2}} | {{t\|10,312\|g85r2a-k933}} | {{t\|9,913\|g85r2a-8hqh}} | {{t\|9,987\|g85r2a-xtjp}} | {{t\|9,976\|g85r2a-j6vu}} | {{t\|-4.6%\|g85r2a-h9id}} |
| Liabilities and equity — Non-controlling interests | {{t\|116\|g85r2a-4aqe}} | {{t\|114\|g85r2a-k7y7}} | {{t\|113\|g85r2a-3r0z}} | {{t\|127\|g85r2a-rssz}} | {{t\|116\|g85r2a-yddd}} | {{t\|117\|g85r2a-v2v5}} | {{t\|115\|g85r2a-o4f4}} | {{t\|120\|g85r2a-r917}} | {{t\|-6.1%\|g85r2a-qoda}} |
| **Liabilities and equity — Total equity** | {{t\|10,405\|g85r2a-fq63}} | {{t\|10,360\|g85r2a-hfqi}} | {{t\|10,187\|g85r2a-r3xc}} | {{t\|10,588\|g85r2a-gxo7}} | {{t\|10,427\|g85r2a-37hc}} | {{t\|10,030\|g85r2a-f72o}} | {{t\|10,102\|g85r2a-rx1g}} | {{t\|10,095\|g85r2a-dw4i}} | {{t\|-4.7%\|g85r2a-vjta}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|15,951\|g85r2a-dx17}} | {{t\|16,188\|g85r2a-0cic}} | {{t\|16,455\|g85r2a-yjyl}} | {{t\|16,917\|g85r2a-2sr3}} | {{t\|15,973\|g85r2a-8om2}} | {{t\|15,629\|g85r2a-0fdp}} | {{t\|16,351\|g85r2a-8ed6}} | {{t\|16,611\|g85r2a-2dka}} | {{t\|-1.8%\|g85r2a-v98j}} |
**Corporate and Other balance sheet by asset and liability type.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|4,548\|g85r2a-mg9s}} | {{t\|4,922\|g85r2a-zbfo}} | {{t\|4,137\|g85r2a-4x2d}} | {{t\|5,982\|g85r2a-vfdp}} | {{t\|5,830\|g85r2a-h1uv}} | {{t\|6,250\|g85r2a-dywl}} | {{t\|4,908\|g85r2a-crb0}} | {{t\|4,214\|g85r2a-zh5b}} | {{t\|-29.6%\|g85r2a-za4e}} |
| Assets — Investments | {{t\|129,325\|g85r2a-ib1c}} | {{t\|126,338\|g85r2a-j3kp}} | {{t\|130,329\|g85r2a-6usb}} | {{t\|132,690\|g85r2a-87p2}} | {{t\|136,126\|g85r2a-fak2}} | {{t\|134,567\|g85r2a-lk91}} | {{t\|134,566\|g85r2a-s870}} | {{t\|134,224\|g85r2a-odo5}} | {{t\|1.2%\|g85r2a-6b2n}} |
| Assets — Financial assets for unit-linked contracts | {{t\|0\|g85r2a-6utx}} | {{t\|0\|g85r2a-49cb}} | {{t\|0\|g85r2a-49tv}} | {{t\|0\|g85r2a-g67q}} | {{t\|0\|g85r2a-sha3}} | {{t\|0\|g85r2a-h3it}} | {{t\|0\|g85r2a-fqv2}} | {{t\|0\|g85r2a-xyde}} | n.m. |
| Assets — Insurance contract assets | {{t\|0\|g85r2a-9ql9}} | {{t\|0\|g85r2a-bgja}} | {{t\|0\|g85r2a-ftq5}} | {{t\|0\|g85r2a-1tai}} | {{t\|0\|g85r2a-s0qe}} | {{t\|0\|g85r2a-bcr7}} | {{t\|0\|g85r2a-y5mh}} | {{t\|0\|g85r2a-5veo}} | n.m. |
| Assets — Reinsurance contract assets | {{t\|0\|g85r2a-azy7}} | {{t\|0\|g85r2a-g30z}} | {{t\|0\|g85r2a-4gls}} | {{t\|0\|g85r2a-i89c}} | {{t\|0\|g85r2a-q65u}} | {{t\|0\|g85r2a-smxk}} | {{t\|0\|g85r2a-m068}} | {{t\|0\|g85r2a-muzl}} | n.m. |
| Assets — Deferred tax assets | {{t\|1,389\|g85r2a-9v1e}} | {{t\|1,489\|g85r2a-ws3l}} | {{t\|1,404\|g85r2a-3yat}} | {{t\|971\|g85r2a-vntn}} | {{t\|858\|g85r2a-r3ls}} | {{t\|819\|g85r2a-obxx}} | {{t\|759\|g85r2a-wmfc}} | {{t\|791\|g85r2a-yjwe}} | {{t\|-18.5%\|g85r2a-6s08}} |
| Assets — Other assets | {{t\|8,011\|g85r2a-0fus}} | {{t\|8,769\|g85r2a-wt8e}} | {{t\|9,568\|g85r2a-9bjz}} | {{t\|10,418\|g85r2a-q5sv}} | {{t\|8,380\|g85r2a-87by}} | {{t\|8,761\|g85r2a-gjpx}} | {{t\|9,644\|g85r2a-qm0l}} | {{t\|10,188\|g85r2a-ii3u}} | {{t\|-2.2%\|g85r2a-lyxh}} |
| Assets — Intangible assets | {{t\|290\|g85r2a-x5y1}} | {{t\|290\|g85r2a-dsjk}} | {{t\|291\|g85r2a-lw2q}} | {{t\|331\|g85r2a-vaap}} | {{t\|323\|g85r2a-r0fd}} | {{t\|316\|g85r2a-w05c}} | {{t\|310\|g85r2a-wk54}} | {{t\|307\|g85r2a-3jys}} | {{t\|-7.2%\|g85r2a-zx0l}} |
| **Assets — Total assets** | {{t\|143,563\|g85r2a-r1dy}} | {{t\|141,809\|g85r2a-nzgk}} | {{t\|145,729\|g85r2a-whvt}} | {{t\|150,392\|g85r2a-03qx}} | {{t\|151,518\|g85r2a-pejb}} | {{t\|150,713\|g85r2a-s2t3}} | {{t\|150,187\|g85r2a-5rqb}} | {{t\|149,724\|g85r2a-gf3d}} | {{t\|-0.4%\|g85r2a-mbw7}} |
| Liabilities and equity — Financial liabilites | {{t\|42,420\|g85r2a-4tb8}} | {{t\|42,704\|g85r2a-rr02}} | {{t\|43,764\|g85r2a-etja}} | {{t\|44,597\|g85r2a-wz3e}} | {{t\|44,317\|g85r2a-ls8y}} | {{t\|44,464\|g85r2a-wscc}} | {{t\|43,675\|g85r2a-5jwd}} | {{t\|42,706\|g85r2a-e5e9}} | {{t\|-4.2%\|g85r2a-j1q8}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|0\|g85r2a-9sbb}} | {{t\|0\|g85r2a-cfzh}} | {{t\|0\|g85r2a-j5xl}} | {{t\|0\|g85r2a-2b5k}} | {{t\|0\|g85r2a-d21r}} | {{t\|0\|g85r2a-kmzz}} | {{t\|0\|g85r2a-pkx0}} | {{t\|0\|g85r2a-lm4r}} | n.m. |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|0\|g85r2a-yaqm}} | {{t\|0\|g85r2a-yxo7}} | {{t\|0\|g85r2a-h0gh}} | {{t\|0\|g85r2a-bf3n}} | {{t\|0\|g85r2a-fy8e}} | {{t\|0\|g85r2a-m99e}} | {{t\|0\|g85r2a-7n0t}} | {{t\|0\|g85r2a-onee}} | n.m. |
| Liabilities and equity — Investment contract liabilities | {{t\|0\|g85r2a-ojl3}} | {{t\|0\|g85r2a-2763}} | {{t\|0\|g85r2a-s2oz}} | {{t\|0\|g85r2a-uar2}} | {{t\|0\|g85r2a-sa5a}} | {{t\|0\|g85r2a-h1v7}} | {{t\|0\|g85r2a-vza7}} | {{t\|0\|g85r2a-jjbe}} | n.m. |
| Liabilities and equity — Deferred tax liabilities | {{t\|405\|g85r2a-t4oo}} | {{t\|444\|g85r2a-30bs}} | {{t\|478\|g85r2a-l3w0}} | {{t\|443\|g85r2a-eish}} | {{t\|569\|g85r2a-9sir}} | {{t\|625\|g85r2a-gev6}} | {{t\|693\|g85r2a-1zvi}} | {{t\|762\|g85r2a-2bjw}} | {{t\|71.9%\|g85r2a-5itc}} |
| Liabilities and equity — Other liabilities | {{t\|29,082\|g85r2a-78bv}} | {{t\|29,499\|g85r2a-s1vt}} | {{t\|32,120\|g85r2a-ogvu}} | {{t\|34,603\|g85r2a-y3q2}} | {{t\|34,762\|g85r2a-e5c7}} | {{t\|36,878\|g85r2a-5nuw}} | {{t\|36,914\|g85r2a-624r}} | {{t\|34,862\|g85r2a-m80f}} | {{t\|0.7%\|g85r2a-h4of}} |
| **Liabilities and equity — Total liabilities** | {{t\|71,907\|g85r2a-5g5l}} | {{t\|72,648\|g85r2a-0ds9}} | {{t\|76,361\|g85r2a-u09g}} | {{t\|79,643\|g85r2a-tgpf}} | {{t\|79,648\|g85r2a-xqlw}} | {{t\|81,967\|g85r2a-jy2v}} | {{t\|81,282\|g85r2a-r4m0}} | {{t\|78,330\|g85r2a-e2tt}} | {{t\|-1.6%\|g85r2a-7fvg}} |
| Liabilities and equity — Shareholders' equity | {{t\|71,388\|g85r2a-iiqz}} | {{t\|68,890\|g85r2a-ob3z}} | {{t\|69,075\|g85r2a-96se}} | {{t\|70,455\|g85r2a-bumy}} | {{t\|71,563\|g85r2a-ni4f}} | {{t\|68,423\|g85r2a-vdjy}} | {{t\|68,465\|g85r2a-gdtp}} | {{t\|70,945\|g85r2a-y0p5}} | {{t\|0.7%\|g85r2a-bqql}} |
| Liabilities and equity — Non-controlling interests | {{t\|268\|g85r2a-5ald}} | {{t\|271\|g85r2a-l1n1}} | {{t\|293\|g85r2a-3dma}} | {{t\|294\|g85r2a-5r9e}} | {{t\|307\|g85r2a-7ck9}} | {{t\|323\|g85r2a-tj3g}} | {{t\|441\|g85r2a-1ou2}} | {{t\|449\|g85r2a-evcx}} | {{t\|52.9%\|g85r2a-n48p}} |
| **Liabilities and equity — Total equity** | {{t\|71,656\|g85r2a-ub8j}} | {{t\|69,161\|g85r2a-6jj8}} | {{t\|69,368\|g85r2a-mgiu}} | {{t\|70,749\|g85r2a-wwml}} | {{t\|71,870\|g85r2a-edzo}} | {{t\|68,745\|g85r2a-x30r}} | {{t\|68,905\|g85r2a-9ixv}} | {{t\|71,395\|g85r2a-wa4x}} | {{t\|0.9%\|g85r2a-ygko}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|143,563\|g85r2a-3jke}} | {{t\|141,809\|g85r2a-g0f1}} | {{t\|145,729\|g85r2a-hlb8}} | {{t\|150,392\|g85r2a-no1i}} | {{t\|151,518\|g85r2a-uu4h}} | {{t\|150,713\|g85r2a-mxia}} | {{t\|150,187\|g85r2a-rfcx}} | {{t\|149,724\|g85r2a-601g}} | {{t\|-0.4%\|g85r2a-uov6}} |
**Consolidation balance sheet by asset and liability type.**
| In EUR million | 31.03.2024 | 30.06.2024 | 30.09.2024 | 31.12.2024 | 31.03.2025 | 30.06.2025 | 30.09.2025 | 31.12.2025 | ∆ 31.12.25 / 31.12.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets — Cash and cash equivalents | {{t\|-458\|g85r2a-ec4z}} | {{t\|-293\|g85r2a-uze4}} | {{t\|-223\|g85r2a-n42j}} | {{t\|-227\|g85r2a-y1vl}} | {{t\|-221\|g85r2a-ybh2}} | {{t\|-144\|g85r2a-9crk}} | {{t\|-130\|g85r2a-63lg}} | {{t\|-166\|g85r2a-hslw}} | {{t\|-26.7%\|g85r2a-l82d}} |
| Assets — Investments | {{t\|-100,477\|g85r2a-q50g}} | {{t\|-100,486\|g85r2a-rtx4}} | {{t\|-100,596\|g85r2a-y740}} | {{t\|-100,941\|g85r2a-g4li}} | {{t\|-101,897\|g85r2a-e95l}} | {{t\|-101,858\|g85r2a-wfqw}} | {{t\|-101,740\|g85r2a-wzll}} | {{t\|-101,670\|g85r2a-dv0r}} | {{t\|0.7%\|g85r2a-ov9t}} |
| Assets — Financial assets for unit-linked contracts | {{t\|0\|g85r2a-gdmi}} | {{t\|0\|g85r2a-hbsm}} | {{t\|0\|g85r2a-emdd}} | {{t\|0\|g85r2a-brfl}} | {{t\|0\|g85r2a-6pxo}} | {{t\|0\|g85r2a-sxc3}} | {{t\|0\|g85r2a-phre}} | {{t\|0\|g85r2a-kqd9}} | n.m. |
| Assets — Insurance contract assets | {{t\|0\|g85r2a-94nd}} | {{t\|0\|g85r2a-4u04}} | {{t\|0\|g85r2a-tf5i}} | {{t\|0\|g85r2a-bvvl}} | {{t\|1\|g85r2a-dfay}} | {{t\|0\|g85r2a-la35}} | {{t\|0\|g85r2a-47o2}} | {{t\|0\|g85r2a-vxgt}} | n.m. |
| Assets — Reinsurance contract assets | {{t\|-100\|g85r2a-ev7i}} | {{t\|-75\|g85r2a-82ay}} | {{t\|-101\|g85r2a-gqjz}} | {{t\|-142\|g85r2a-inap}} | {{t\|-158\|g85r2a-nfj1}} | {{t\|-130\|g85r2a-1zbh}} | {{t\|-161\|g85r2a-a0rh}} | {{t\|-89\|g85r2a-2ydt}} | {{t\|-37.7%\|g85r2a-aye7}} |
| Assets — Deferred tax assets | {{t\|-2,078\|g85r2a-qwdu}} | {{t\|-2,106\|g85r2a-gmf0}} | {{t\|-7,449\|g85r2a-c1i4}} | {{t\|-9,345\|g85r2a-yy5e}} | {{t\|-10,387\|g85r2a-haml}} | {{t\|-9,508\|g85r2a-e9da}} | {{t\|-8,338\|g85r2a-l8th}} | {{t\|-8,718\|g85r2a-z45t}} | {{t\|-6.7%\|g85r2a-j5ce}} |
| Assets — Other assets | {{t\|-23,403\|g85r2a-ezqx}} | {{t\|-25,525\|g85r2a-j62x}} | {{t\|-28,829\|g85r2a-jhzx}} | {{t\|-31,329\|g85r2a-fi4v}} | {{t\|-28,682\|g85r2a-a70d}} | {{t\|-30,523\|g85r2a-3aba}} | {{t\|-32,002\|g85r2a-boo9}} | {{t\|-30,627\|g85r2a-7szo}} | {{t\|-2.2%\|g85r2a-fv81}} |
| Assets — Intangible assets | {{t\|3\|g85r2a-w44c}} | {{t\|3\|g85r2a-khwp}} | {{t\|3\|g85r2a-u91t}} | {{t\|3\|g85r2a-fco0}} | {{t\|3\|g85r2a-ayxe}} | {{t\|3\|g85r2a-f9li}} | {{t\|3\|g85r2a-uwiz}} | {{t\|3\|g85r2a-nhwu}} | {{t\|23.7%\|g85r2a-jvyd}} |
| **Assets — Total assets** | {{t\|-126,513\|g85r2a-kbdr}} | {{t\|-128,481\|g85r2a-tdnm}} | {{t\|-137,195\|g85r2a-5f7e}} | {{t\|-141,983\|g85r2a-d518}} | {{t\|-141,342\|g85r2a-5qwi}} | {{t\|-142,158\|g85r2a-pea7}} | {{t\|-142,368\|g85r2a-189g}} | {{t\|-141,267\|g85r2a-p174}} | {{t\|-0.5%\|g85r2a-kmzw}} |
| Liabilities and equity — Financial liabilites | {{t\|-7,805\|g85r2a-43o3}} | {{t\|-7,583\|g85r2a-6dw7}} | {{t\|-7,822\|g85r2a-2egg}} | {{t\|-8,172\|g85r2a-im65}} | {{t\|-7,897\|g85r2a-clvq}} | {{t\|-7,603\|g85r2a-f3zv}} | {{t\|-7,448\|g85r2a-wnxc}} | {{t\|-6,864\|g85r2a-5rcz}} | {{t\|-16.0%\|g85r2a-csp6}} |
| Liabilities and equity — Insurance contract liabilities | {{t\|-107\|g85r2a-4kbc}} | {{t\|-96\|g85r2a-9muk}} | {{t\|-100\|g85r2a-1llg}} | {{t\|-145\|g85r2a-i0k1}} | {{t\|-127\|g85r2a-470k}} | {{t\|-92\|g85r2a-j3o2}} | {{t\|-150\|g85r2a-nczd}} | {{t\|-54\|g85r2a-olsf}} | {{t\|-63.1%\|g85r2a-j7fq}} |
| Liabilities and equity — Reinsurance contract liabilities | {{t\|0\|g85r2a-he6x}} | {{t\|0\|g85r2a-r8ng}} | {{t\|0\|g85r2a-raye}} | {{t\|0\|g85r2a-wwn6}} | {{t\|0\|g85r2a-o8zr}} | {{t\|0\|g85r2a-xp30}} | {{t\|0\|g85r2a-62qm}} | {{t\|0\|g85r2a-lwi9}} | n.m. |
| Liabilities and equity — Investment contract liabilities | {{t\|0\|g85r2a-dco5}} | {{t\|0\|g85r2a-7nsv}} | {{t\|0\|g85r2a-7r5y}} | {{t\|0\|g85r2a-19wx}} | {{t\|0\|g85r2a-ksrs}} | {{t\|0\|g85r2a-zgjl}} | {{t\|0\|g85r2a-ph07}} | {{t\|0\|g85r2a-4af1}} | n.m. |
| Liabilities and equity — Deferred tax liabilities | {{t\|-2,085\|g85r2a-a6ei}} | {{t\|-2,113\|g85r2a-ym4n}} | {{t\|-7,456\|g85r2a-3qdz}} | {{t\|-9,348\|g85r2a-kwwh}} | {{t\|-10,391\|g85r2a-zxzr}} | {{t\|-9,511\|g85r2a-bctp}} | {{t\|-8,341\|g85r2a-y4qo}} | {{t\|-8,721\|g85r2a-3k5v}} | {{t\|-6.7%\|g85r2a-b5oj}} |
| Liabilities and equity — Other liabilities | {{t\|-23,348\|g85r2a-34qi}} | {{t\|-25,470\|g85r2a-a49a}} | {{t\|-28,703\|g85r2a-kjpo}} | {{t\|-31,235\|g85r2a-ksgw}} | {{t\|-28,574\|g85r2a-ec8h}} | {{t\|-30,478\|g85r2a-tocy}} | {{t\|-31,961\|g85r2a-r3jf}} | {{t\|-30,564\|g85r2a-bcik}} | {{t\|-2.1%\|g85r2a-pmqu}} |
| **Liabilities and equity — Total liabilities** | {{t\|-33,345\|g85r2a-2ayv}} | {{t\|-35,262\|g85r2a-0c3d}} | {{t\|-44,081\|g85r2a-bjuf}} | {{t\|-48,901\|g85r2a-f864}} | {{t\|-46,988\|g85r2a-jn9v}} | {{t\|-47,683\|g85r2a-lmh9}} | {{t\|-47,899\|g85r2a-bzz0}} | {{t\|-46,202\|g85r2a-85kg}} | {{t\|-5.5%\|g85r2a-uxmc}} |
| Liabilities and equity — Shareholders' equity | {{t\|-92,948\|g85r2a-u3bg}} | {{t\|-92,999\|g85r2a-fjec}} | {{t\|-92,895\|g85r2a-4mv7}} | {{t\|-92,862\|g85r2a-th0h}} | {{t\|-94,135\|g85r2a-cka2}} | {{t\|-94,254\|g85r2a-7doc}} | {{t\|-94,250\|g85r2a-hc1x}} | {{t\|-94,846\|g85r2a-c6zb}} | {{t\|2.1%\|g85r2a-kz3q}} |
| Liabilities and equity — Non-controlling interests | {{t\|-221\|g85r2a-0uzt}} | {{t\|-221\|g85r2a-86bx}} | {{t\|-219\|g85r2a-szas}} | {{t\|-219\|g85r2a-72fy}} | {{t\|-219\|g85r2a-zmq3}} | {{t\|-221\|g85r2a-ltos}} | {{t\|-219\|g85r2a-2om0}} | {{t\|-219\|g85r2a-0avt}} | {{t\|-0.0%\|g85r2a-se3v}} |
| **Liabilities and equity — Total equity** | {{t\|-93,168\|g85r2a-64br}} | {{t\|-93,219\|g85r2a-y1k2}} | {{t\|-93,114\|g85r2a-xp2h}} | {{t\|-93,081\|g85r2a-bdue}} | {{t\|-94,354\|g85r2a-dlos}} | {{t\|-94,475\|g85r2a-u6k2}} | {{t\|-94,469\|g85r2a-9d0n}} | {{t\|-95,064\|g85r2a-ptvt}} | {{t\|2.1%\|g85r2a-61bf}} |
| **Liabilities and equity — Total liabilities and equity** | {{t\|-126,513\|g85r2a-17p6}} | {{t\|-128,481\|g85r2a-md8v}} | {{t\|-137,195\|g85r2a-7onx}} | {{t\|-141,983\|g85r2a-1dfv}} | {{t\|-141,342\|g85r2a-4qh6}} | {{t\|-142,158\|g85r2a-mx9y}} | {{t\|-142,368\|g85r2a-1tt8}} | {{t\|-141,267\|g85r2a-igs5}} | {{t\|-0.5%\|g85r2a-7kyv}} |" |
|---|
|
| id | "g85r2a-c3" |
|---|
| chunk | 3 |
|---|
| pages | |
|---|
| heading | "Shareholders’ Equity" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | | "Capital management" |
| "Dividend" |
|
|---|
| content | "**Shareholders' equity rollforward. (Allianz Group)**
| In EUR million | 4Q 25 | 12M 25 |
| --- | --- | --- |
| **Opening balance** | {{t\|60,208\|g85r2a-mr7f}} | {{t\|60,287\|g85r2a-0sqr}} |
| Total comprehensive income | {{t\|2,483\|g85r2a-5i2q}} | {{t\|10,517\|g85r2a-sph5}} |
| thereof: shareholders' net income | {{t\|2,664\|g85r2a-0dsi}} | {{t\|10,775\|g85r2a-c01r}} |
| Purchase, sale, use and cancellation of treasury shares | {{t\|-2\|g85r2a-xu7e}} | {{t\|-1,994\|g85r2a-1av2}} |
| Changes in scope of consolidation | {{t\|0\|g85r2a-an4w}} | {{t\|0\|g85r2a-ajru}} |
| Changes in ownership interests in subsidiaries | {{t\|0\|g85r2a-hoh1}} | {{t\|-34\|g85r2a-qzc5}} |
| Capital increases and decreases | {{t\|0\|g85r2a-chjz}} | {{t\|0\|g85r2a-71r5}} |
| Other changes | {{t\|36\|g85r2a-qqia}} | {{t\|29\|g85r2a-t4k0}} |
| {{t\|Dividends\|\|Dividend}} paid | {{t\|0\|g85r2a-g33o}} | {{t\|-5,924\|g85r2a-c2b9}} |
| Other distributions | {{t\|-3\|g85r2a-9ylr}} | {{t\|-158\|g85r2a-2lwl}} |
| **Closing balance** | {{t\|62,722\|g85r2a-589a}} | {{t\|62,722\|g85r2a-93ul}} |
**Shareholders' equity sensitivity by market factor. (As of 31.12.2025)**
| In EUR billion | Impact | S/h equity |
| --- | --- | --- |
| **Shareholders' equity** | — | {{t\|62.7\|g85r2a-ef7r}} |
| Equity markets +30% | {{t\|4%\|g85r2a-80xd}} | {{t\|65.3\|g85r2a-43ra}} |
| Equity markets -30% | {{t\|-5%\|g85r2a-qurr}} | {{t\|59.5\|g85r2a-logw}} |
| Interest rates +50bps | {{t\|-1%\|g85r2a-n22u}} | {{t\|62.0\|g85r2a-kx2w}} |
| Interest rates -50bps | {{t\|1%\|g85r2a-1idc}} | {{t\|63.4\|g85r2a-ctm2}} |
| Credit spread on goverment bonds +50bps | {{t\|-1%\|g85r2a-93i6}} | {{t\|61.8\|g85r2a-0m8x}} |
| Credit spread on non-goverment bonds +50bps | {{t\|-1%\|g85r2a-22fk}} | {{t\|62.2\|g85r2a-ss5c}} |" |
|---|
|
| id | "g85r2a-c4" |
|---|
| chunk | 4 |
|---|
| pages | |
|---|
| heading | "Solvency II" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | | "Capital management" |
| "Dividend" |
|
|---|
| content | "**Solvency II ratio build-up by movement.**
| In EUR billion | 4Q 25 Own funds | 4Q 25 SCR | 4Q 25 SII ratio / impact | 12M 25 Own funds | 12M 25 SCR | 12M 25 SII ratio / impact |
| --- | --- | --- | --- | --- | --- | --- |
| **Opening balance** | {{t\|94.7\|g85r2a-h0os}} | {{t\|45.4\|g85r2a-6lte}} | {{t\|209%\|g85r2a-8lfh}} | {{t\|93.2\|g85r2a-pfpg}} | {{t\|44.7\|g85r2a-wwth}} | {{t\|209%\|g85r2a-3bpj}} |
| Regulatory / model changes | {{t\|-1.1\|g85r2a-f1r0}} | {{t\|-2.1\|g85r2a-en8u}} | 7%-p | {{t\|-1.0\|g85r2a-mfwm}} | {{t\|-2.0\|g85r2a-tgva}} | 7%-p |
| Operating SII earnings / business evolution (4) | {{t\|3.1\|g85r2a-gd5v}} | {{t\|0.3\|g85r2a-ot4c}} | 5%-p | {{t\|13.0\|g85r2a-hk1k}} | {{t\|1.0\|g85r2a-37dq}} | 25%-p |
| Property-Casualty | {{t\|1.6\|g85r2a-fgqf}} | — | — | {{t\|6.8\|g85r2a-flml}} | — | — |
| Life/Health | {{t\|1.1\|g85r2a-di54}} | — | — | {{t\|4.9\|g85r2a-gtyo}} | — | — |
| Asset Management | {{t\|0.7\|g85r2a-790w}} | — | — | {{t\|2.3\|g85r2a-f6nz}} | — | — |
| Corporate and Other | {{t\|-0.3\|g85r2a-em33}} | — | — | {{t\|-1.0\|g85r2a-iwdn}} | — | — |
| Market impact (5) | {{t\|1.1\|g85r2a-wwcw}} | {{t\|-0.2\|g85r2a-sdry}} | 3%-p | {{t\|-0.2\|g85r2a-x1dq}} | {{t\|-0.8\|g85r2a-4nt1}} | 4%-p |
| {{t\|Dividends\|\|Dividend}} and share buy-back (8) | {{t\|-2.1\|g85r2a-59n8}} | {{t\|0.0\|g85r2a-2lh0}} | -5%-p | {{t\|-8.5\|g85r2a-uhlo}} | {{t\|0.0\|g85r2a-h37c}} | -20%-p |
| Management actions, debt and other (6) | {{t\|-1.2\|g85r2a-rhxw}} | {{t\|-0.2\|g85r2a-zvcx}} | -2%-p | {{t\|-2.0\|g85r2a-tlno}} | {{t\|0.4\|g85r2a-dc5u}} | -6%-p |
| **Closing balance** | {{t\|94.5\|g85r2a-3aqs}} | {{t\|43.3\|g85r2a-uszr}} | {{t\|218%\|g85r2a-bp69}} | {{t\|94.5\|g85r2a-f1ft}} | {{t\|43.3\|g85r2a-muso}} | {{t\|218%\|g85r2a-gvdz}} |
**Solvency II ratio sensitivity by market factor. (As of 31.12.2025)**
| In EUR billion | Impact | SII ratio |
| --- | --- | --- |
| **Solvency II ratio** | — | {{t\|218%\|g85r2a-amvp}} |
| Equity markets +30% | 10%-p | {{t\|229%\|g85r2a-7sja}} |
| Equity markets -30% | -13%-p | {{t\|205%\|g85r2a-ghqq}} |
| Equity markets (traded equities only) +30% | 4%-p | {{t\|222%\|g85r2a-c2xb}} |
| Equity markets (traded equities only) -30% | -4%-p | {{t\|214%\|g85r2a-vrbr}} |
| Interest rates +50bps | 0%-p | {{t\|219%\|g85r2a-zvwo}} |
| Interest rates -50bps | -1%-p | {{t\|218%\|g85r2a-izy3}} |
| Credit spread on government bonds +50bps | -4%-p | {{t\|214%\|g85r2a-6fuw}} |
| Credit spread on non-government bonds +50bps | 0%-p | {{t\|219%\|g85r2a-cqz3}} |
| Combined scenario(7) (IR -50bps, CS +50bps, EQ -30%) | -22%-p | {{t\|196%\|g85r2a-yux0}} |
(4) Operating SII earnings after tax/before dividend.
(5) For SCR including cross effects and policyholder participation.
(8) After tax.
(6) Other effects on SCR include diversification effects.
(7) Including cross effects." |
|---|
|
| id | "g85r2a-c5" |
|---|
| chunk | 5 |
|---|
| pages | |
|---|
| heading | "Asset Allocation" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | |
|---|
| content | "**Asset allocation by business unit and asset type.**
| In EUR billion | Property-Casualty 31.12.2024 | Property-Casualty 31.12.2025 | Life/Health 31.12.2024 | Life/Health 31.12.2025 | Asset Management 31.12.2024 | Asset Management 31.12.2025 | Corporate and Other 31.12.2024 | Corporate and Other 31.12.2025 | Consolidation 31.12.2024 | Consolidation 31.12.2025 | Allianz Group 31.12.2024 | Allianz Group 31.12.2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Net cash investments (9) | {{t\|11.4\|g85r2a-alk3}} | {{t\|9.2\|g85r2a-804f}} | {{t\|20.5\|g85r2a-mo56}} | {{t\|20.3\|g85r2a-qbhc}} | {{t\|2.5\|g85r2a-j82l}} | {{t\|2.3\|g85r2a-46xg}} | {{t\|-8.0\|g85r2a-cvfb}} | {{t\|-9.2\|g85r2a-nmw5}} | {{t\|0.1\|g85r2a-cr8w}} | {{t\|-0.1\|g85r2a-lrii}} | {{t\|26.6\|g85r2a-q9lv}} | {{t\|22.5\|g85r2a-k63l}} |
| Equities excluding affiliates | {{t\|4.0\|g85r2a-rujg}} | {{t\|3.0\|g85r2a-it9y}} | {{t\|41.8\|g85r2a-zg5i}} | {{t\|43.6\|g85r2a-1o6o}} | {{t\|0.7\|g85r2a-jcw8}} | {{t\|0.7\|g85r2a-zxq8}} | {{t\|2.9\|g85r2a-ppij}} | {{t\|3.2\|g85r2a-3u23}} | {{t\|0.0\|g85r2a-qwdc}} | {{t\|0.0\|g85r2a-ian7}} | {{t\|49.4\|g85r2a-lpm3}} | {{t\|50.5\|g85r2a-6n4k}} |
| Equities carried at fair value through P&L | {{t\|0.1\|g85r2a-bul9}} | {{t\|0.0\|g85r2a-icvk}} | {{t\|0.4\|g85r2a-mora}} | {{t\|0.4\|g85r2a-e72y}} | {{t\|0.0\|g85r2a-vnny}} | {{t\|0.0\|g85r2a-2q0p}} | {{t\|0.3\|g85r2a-q7x7}} | {{t\|0.3\|g85r2a-e7wd}} | {{t\|0.0\|g85r2a-zbh0}} | {{t\|0.0\|g85r2a-vwe2}} | {{t\|0.8\|g85r2a-oeqs}} | {{t\|0.9\|g85r2a-et0e}} |
| Equities carried at fair value through OCI | {{t\|1.0\|g85r2a-d49g}} | {{t\|0.9\|g85r2a-bwth}} | {{t\|22.6\|g85r2a-y053}} | {{t\|25.6\|g85r2a-s5w6}} | {{t\|0.7\|g85r2a-yxlc}} | {{t\|0.6\|g85r2a-rx9l}} | {{t\|2.1\|g85r2a-nbv1}} | {{t\|2.6\|g85r2a-02r5}} | {{t\|0.0\|g85r2a-wl05}} | {{t\|0.0\|g85r2a-w0w5}} | {{t\|26.3\|g85r2a-v72d}} | {{t\|29.7\|g85r2a-5y5g}} |
| Equities associates/joint ventures | {{t\|3.0\|g85r2a-cx3d}} | {{t\|2.1\|g85r2a-dhv9}} | {{t\|18.8\|g85r2a-9r7d}} | {{t\|17.5\|g85r2a-xs80}} | {{t\|0.1\|g85r2a-jt7q}} | {{t\|0.1\|g85r2a-rehz}} | {{t\|0.5\|g85r2a-3fzp}} | {{t\|0.3\|g85r2a-oii4}} | {{t\|0.0\|g85r2a-qi2i}} | {{t\|0.0\|g85r2a-kovt}} | {{t\|22.3\|g85r2a-wver}} | {{t\|20.0\|g85r2a-dsu6}} |
| Debt securities | {{t\|92.4\|g85r2a-crhu}} | {{t\|89.6\|g85r2a-l91t}} | {{t\|443.9\|g85r2a-lzpb}} | {{t\|441.7\|g85r2a-j4l9}} | {{t\|0.4\|g85r2a-uswo}} | {{t\|0.3\|g85r2a-js6y}} | {{t\|45.0\|g85r2a-61qt}} | {{t\|46.3\|g85r2a-s241}} | {{t\|-7.6\|g85r2a-1ho1}} | {{t\|-6.5\|g85r2a-gjf5}} | {{t\|574.1\|g85r2a-yqh6}} | {{t\|571.3\|g85r2a-imeh}} |
| Investment funds | {{t\|8.3\|g85r2a-595t}} | {{t\|6.8\|g85r2a-71f9}} | {{t\|72.9\|g85r2a-wy5x}} | {{t\|73.5\|g85r2a-q5py}} | {{t\|0.2\|g85r2a-7j2p}} | {{t\|0.4\|g85r2a-dewx}} | {{t\|1.0\|g85r2a-1byd}} | {{t\|0.9\|g85r2a-yv52}} | {{t\|0.0\|g85r2a-xds4}} | {{t\|0.0\|g85r2a-2emw}} | {{t\|82.5\|g85r2a-gesi}} | {{t\|81.6\|g85r2a-fy49}} |
| Equity funds | {{t\|2.7\|g85r2a-4zp3}} | {{t\|2.2\|g85r2a-qizs}} | {{t\|27.7\|g85r2a-j7a5}} | {{t\|26.6\|g85r2a-7prz}} | {{t\|0.0\|g85r2a-3ewg}} | {{t\|0.0\|g85r2a-b40s}} | {{t\|0.8\|g85r2a-l1he}} | {{t\|0.6\|g85r2a-vlsx}} | {{t\|0.0\|g85r2a-rigb}} | {{t\|0.0\|g85r2a-j99x}} | {{t\|31.2\|g85r2a-am9z}} | {{t\|29.4\|g85r2a-3jzl}} |
| Debt funds | {{t\|3.3\|g85r2a-9u9t}} | {{t\|2.9\|g85r2a-z4h1}} | {{t\|23.6\|g85r2a-oee9}} | {{t\|25.8\|g85r2a-ibnk}} | {{t\|0.1\|g85r2a-sbb2}} | {{t\|0.3\|g85r2a-3iau}} | {{t\|0.1\|g85r2a-hwzj}} | {{t\|0.1\|g85r2a-0e6o}} | {{t\|0.0\|g85r2a-i1du}} | {{t\|0.0\|g85r2a-28kt}} | {{t\|27.1\|g85r2a-tmex}} | {{t\|29.1\|g85r2a-dgmu}} |
| Real estate funds | {{t\|1.3\|g85r2a-y0in}} | {{t\|0.9\|g85r2a-0om0}} | {{t\|11.7\|g85r2a-c127}} | {{t\|10.9\|g85r2a-2pwa}} | {{t\|0.0\|g85r2a-3l92}} | {{t\|0.0\|g85r2a-qlh2}} | {{t\|0.1\|g85r2a-ab15}} | {{t\|0.0\|g85r2a-v0tv}} | {{t\|0.0\|g85r2a-8jhm}} | {{t\|0.0\|g85r2a-er73}} | {{t\|13.0\|g85r2a-h7yd}} | {{t\|11.8\|g85r2a-06o9}} |
| Other funds | {{t\|1.1\|g85r2a-zkp8}} | {{t\|0.8\|g85r2a-mmq1}} | {{t\|9.9\|g85r2a-c4v7}} | {{t\|10.2\|g85r2a-9vz8}} | {{t\|0.1\|g85r2a-4q3z}} | {{t\|0.1\|g85r2a-29nf}} | {{t\|0.1\|g85r2a-qsj6}} | {{t\|0.1\|g85r2a-06bh}} | {{t\|0.0\|g85r2a-54uv}} | {{t\|0.0\|g85r2a-bfwa}} | {{t\|11.2\|g85r2a-1u3z}} | {{t\|11.2\|g85r2a-hh5j}} |
| Derivatives (10) | {{t\|-0.2\|g85r2a-n1vw}} | {{t\|0.2\|g85r2a-msjr}} | {{t\|3.6\|g85r2a-m7zq}} | {{t\|9.8\|g85r2a-kve2}} | {{t\|0.0\|g85r2a-eq6l}} | {{t\|0.0\|g85r2a-migl}} | {{t\|0.0\|g85r2a-xpzi}} | {{t\|-0.2\|g85r2a-qzed}} | {{t\|0.6\|g85r2a-3r6x}} | {{t\|0.7\|g85r2a-xft5}} | {{t\|4.0\|g85r2a-405k}} | {{t\|10.6\|g85r2a-14i3}} |
| Other | {{t\|4.6\|g85r2a-ho8b}} | {{t\|3.7\|g85r2a-qkx1}} | {{t\|24.5\|g85r2a-t8zw}} | {{t\|22.7\|g85r2a-38fh}} | {{t\|0.0\|g85r2a-hmg0}} | {{t\|0.0\|g85r2a-dsss}} | {{t\|1.2\|g85r2a-ev3a}} | {{t\|1.2\|g85r2a-zxyn}} | {{t\|0.0\|g85r2a-amqa}} | {{t\|0.0\|g85r2a-1rir}} | {{t\|30.4\|g85r2a-puhh}} | {{t\|27.6\|g85r2a-mqyb}} |
| Real estate (11) | {{t\|3.9\|g85r2a-k8ew}} | {{t\|3.2\|g85r2a-mssx}} | {{t\|19.6\|g85r2a-p8uu}} | {{t\|18.9\|g85r2a-4ww1}} | {{t\|0.0\|g85r2a-npye}} | {{t\|0.0\|g85r2a-i9f2}} | {{t\|0.8\|g85r2a-dq95}} | {{t\|0.8\|g85r2a-6xl5}} | {{t\|0.0\|g85r2a-nw6z}} | {{t\|0.0\|g85r2a-26kl}} | {{t\|24.3\|g85r2a-vagp}} | {{t\|23.0\|g85r2a-1t17}} |
| Fixed assets of alternative investments | {{t\|0.5\|g85r2a-wlg2}} | {{t\|0.4\|g85r2a-6yjm}} | {{t\|2.2\|g85r2a-sjb4}} | {{t\|2.6\|g85r2a-rr2o}} | {{t\|0.0\|g85r2a-o0xm}} | {{t\|0.0\|g85r2a-lgax}} | {{t\|0.2\|g85r2a-apc3}} | {{t\|0.3\|g85r2a-dku3}} | {{t\|0.0\|g85r2a-7jsc}} | {{t\|0.0\|g85r2a-3hd4}} | {{t\|2.9\|g85r2a-ceb4}} | {{t\|3.3\|g85r2a-qki8}} |
| Other investments | {{t\|0.2\|g85r2a-o319}} | {{t\|0.0\|g85r2a-p28g}} | {{t\|2.8\|g85r2a-mmit}} | {{t\|1.2\|g85r2a-9zmz}} | {{t\|0.0\|g85r2a-n2nf}} | {{t\|0.0\|g85r2a-73pg}} | {{t\|0.2\|g85r2a-9jzh}} | {{t\|0.1\|g85r2a-1lhq}} | {{t\|0.0\|g85r2a-nl3e}} | {{t\|0.0\|g85r2a-z2pz}} | {{t\|3.2\|g85r2a-9kjx}} | {{t\|1.3\|g85r2a-xaub}} |
| **Group/segment financial assets excluding affiliates** | {{t\|120.6\|g85r2a-fobv}} | {{t\|112.4\|g85r2a-1rku}} | {{t\|607.3\|g85r2a-a146}} | {{t\|611.6\|g85r2a-01ob}} | {{t\|3.8\|g85r2a-4g9y}} | {{t\|3.8\|g85r2a-61un}} | {{t\|42.2\|g85r2a-x35r}} | {{t\|42.3\|g85r2a-c2u3}} | {{t\|-6.9\|g85r2a-afra}} | {{t\|-5.9\|g85r2a-4nnj}} | {{t\|767.0\|g85r2a-xjk7}} | {{t\|764.2\|g85r2a-8hl7}} |
| Affiliates | {{t\|11.5\|g85r2a-cm74}} | {{t\|10.4\|g85r2a-pcsy}} | {{t\|0.1\|g85r2a-0pnf}} | {{t\|2.8\|g85r2a-d4oa}} | {{t\|0.0\|g85r2a-2fb8}} | {{t\|0.0\|g85r2a-jw6l}} | {{t\|81.5\|g85r2a-x6hi}} | {{t\|81.8\|g85r2a-sy2b}} | {{t\|-93.1\|g85r2a-406x}} | {{t\|-95.1\|g85r2a-ekym}} | {{t\|0.0\|g85r2a-e3il}} | {{t\|0.0\|g85r2a-u8j8}} |
| **Group/segment financial assets including affiliates** | {{t\|132.0\|g85r2a-5mph}} | {{t\|122.8\|g85r2a-3tnj}} | {{t\|607.4\|g85r2a-70rk}} | {{t\|614.4\|g85r2a-x56a}} | {{t\|3.8\|g85r2a-9jtm}} | {{t\|3.8\|g85r2a-k8c1}} | {{t\|123.6\|g85r2a-fpqq}} | {{t\|124.1\|g85r2a-frf3}} | {{t\|-100.0\|g85r2a-jng0}} | {{t\|-101.0\|g85r2a-jn0m}} | {{t\|767.0\|g85r2a-7d3l}} | {{t\|764.2\|g85r2a-pdrh}} |
(9) Net of liabilities from securities lending and including liabilities from cash pooling.
(10) Net of liabilities.
(11) Excludes real estate held for own use measured at amortized cost." |
|---|
|
| id | "g85r2a-c6" |
|---|
| chunk | 6 |
|---|
| pages | |
|---|
| heading | "Allianz Group – CSM" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | |
|---|
| content | "**CSM build-up by business unit.**
| In EUR million | Life/Health 4Q 25 | Life/Health 12M 25 | Property-Casualty 4Q 25 | Property-Casualty 12M 25 | Allianz Group (12) 4Q 25 | Allianz Group (12) 12M 25 |
| --- | --- | --- | --- | --- | --- | --- |
| Opening gross CSM (13) | {{t\|55,543\|g85r2a-pmk5}} | {{t\|56,789\|g85r2a-ifu5}} | {{t\|202\|g85r2a-j4o7}} | {{t\|64\|g85r2a-zumx}} | {{t\|55,734\|g85r2a-ufkl}} | {{t\|56,851\|g85r2a-3inp}} |
| **Closing gross CSM** | {{t\|55,703\|g85r2a-jgs4}} | {{t\|55,703\|g85r2a-muor}} | {{t\|202\|g85r2a-hbjn}} | {{t\|202\|g85r2a-9r9h}} | {{t\|55,897\|g85r2a-2gq5}} | {{t\|55,897\|g85r2a-rgch}} |
| Present value of non-attributable expenses | — | — | — | — | {{t\|-7,087\|g85r2a-quyk}} | {{t\|-7,087\|g85r2a-k9zm}} |
| Reinsurance | — | — | — | — | {{t\|-1,411\|g85r2a-93jb}} | {{t\|-1,411\|g85r2a-jg79}} |
| Non-controlling interests | — | — | — | — | {{t\|-898\|g85r2a-107a}} | {{t\|-898\|g85r2a-ppg7}} |
| Taxes | — | — | — | — | {{t\|-11,121\|g85r2a-4wmo}} | {{t\|-11,121\|g85r2a-xuaw}} |
| **Closing net CSM** | — | — | — | — | {{t\|35,379\|g85r2a-osb9}} | {{t\|35,379\|g85r2a-c35q}} |
**Life/Health CSM rollforward. (Life/Health)**
| In EUR million | 4Q 25 | 12M 25 |
| --- | --- | --- |
| Opening gross CSM (13) | {{t\|55,543\|g85r2a-sfmr}} | {{t\|56,789\|g85r2a-v2i4}} |
| CSM@inception | {{t\|1,353\|g85r2a-pwty}} | {{t\|5,419\|g85r2a-ipmi}} |
| Expected in-force return | {{t\|773\|g85r2a-btfg}} | {{t\|2,972\|g85r2a-6rjv}} |
| Economic variances (incl. F/X) | {{t\|-108\|g85r2a-8w6b}} | {{t\|-1,924\|g85r2a-1ebo}} |
| Non-economic variances and assumption changes | {{t\|-501\|g85r2a-ogyf}} | {{t\|-1,310\|g85r2a-r384}} |
| CSM release | {{t\|-1,357\|g85r2a-p0uk}} | {{t\|-5,440\|g85r2a-y3zc}} |
| Change in scope (14) | {{t\|0\|g85r2a-w90l}} | {{t\|-802\|g85r2a-w5zn}} |
| **Closing gross CSM** | {{t\|55,703\|g85r2a-cn0o}} | {{t\|55,703\|g85r2a-ocqa}} |
**CSM sensitivity by scenario and business unit. (Life/Health)**
| In EUR billion | Impact | Gross CSM |
| --- | --- | --- |
| **Closing gross CSM** | — | {{t\|55.7\|g85r2a-ghjh}} |
| Equity markets +30% | {{t\|7%\|g85r2a-9gzh}} | {{t\|59.5\|g85r2a-16n9}} |
| Equity markets -30% | {{t\|-8%\|g85r2a-0ifa}} | {{t\|51.4\|g85r2a-zghk}} |
| Interest rate (SII non-parallel) +50bps | {{t\|-1%\|g85r2a-wigh}} | {{t\|54.9\|g85r2a-ryfy}} |
| Interest rate (SII non-parallel) -50bps | {{t\|1%\|g85r2a-g2m5}} | {{t\|56.4\|g85r2a-ak6r}} |
| Credit spread on government bonds +50bps | {{t\|-1%\|g85r2a-tumz}} | {{t\|54.9\|g85r2a-zqtk}} |
| Credit spread on non-government bonds +50bps | {{t\|-1%\|g85r2a-6mbx}} | {{t\|55.1\|g85r2a-qiy2}} |
(12) Life/Health and Property-Casualty figures don't add up due to consolidation effects.
(13) Life/Health and Group include gross CSM of EUR 0.8bn as of 31.12.2024 and 01.01.2025 for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Effective 01.01.2025, the German APR and the Austrian health businesses have been transferred from the Property-Casualty segment to the Life/Health segment resulting in a EUR 1.2bn shift in the gross CSM opening balance.
(14) The change in scope refers to the sale of UniCredit Allianz Vita S.p.A., which was completed in 2Q 25." |
|---|
|
| id | "g85r2a-c7" |
|---|
| chunk | 7 |
|---|
| pages | |
|---|
| heading | "Allianz Group" |
|---|
| tags | |
|---|
| links | | "Insurance service result" |
| "Insurance revenue" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Insurance service result" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Operating profit build-up by quarter and year.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (15) | {{t\|48,410\|g85r2a-f4f6}} | {{t\|42,635\|g85r2a-nslw}} | {{t\|42,820\|g85r2a-uyfr}} | {{t\|45,913\|g85r2a-r5zj}} | {{t\|179,778\|g85r2a-a5ro}} | {{t\|54,014\|g85r2a-e50l}} | {{t\|44,459\|g85r2a-6hf5}} | {{t\|42,775\|g85r2a-eku0}} | {{t\|45,690\|g85r2a-4rip}} | {{t\|186,938\|g85r2a-eiuj}} | {{t\|4.0%\|g85r2a-fp3y}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|23,438\|g85r2a-vkpf}} | {{t\|23,848\|g85r2a-lgdx}} | {{t\|24,571\|g85r2a-pglm}} | {{t\|25,819\|g85r2a-h0lm}} | {{t\|97,675\|g85r2a-wlbr}} | {{t\|25,034\|g85r2a-6904}} | {{t\|25,140\|g85r2a-wqyy}} | {{t\|25,913\|g85r2a-onzl}} | {{t\|26,547\|g85r2a-jpso}} | {{t\|102,635\|g85r2a-2ezg}} | {{t\|5.1%\|g85r2a-e95d}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Claims and benefits | {{t\|-14,299\|g85r2a-uv7e}} | {{t\|-15,149\|g85r2a-zf8k}} | {{t\|-15,464\|g85r2a-uo63}} | {{t\|-16,864\|g85r2a-tiwj}} | {{t\|-61,775\|g85r2a-3uq5}} | {{t\|-15,542\|g85r2a-aw1t}} | {{t\|-15,439\|g85r2a-o46m}} | {{t\|-16,198\|g85r2a-r5rx}} | {{t\|-16,741\|g85r2a-mqf6}} | {{t\|-63,920\|g85r2a-k7kd}} | {{t\|3.5%\|g85r2a-jh7j}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating acquisition and administrative expenses | {{t\|-5,773\|g85r2a-mhgh}} | {{t\|-5,897\|g85r2a-f5by}} | {{t\|-5,931\|g85r2a-g3er}} | {{t\|-6,410\|g85r2a-yu39}} | {{t\|-24,011\|g85r2a-o2d6}} | {{t\|-6,124\|g85r2a-2vuy}} | {{t\|-6,031\|g85r2a-zuaj}} | {{t\|-6,279\|g85r2a-njq0}} | {{t\|-6,473\|g85r2a-m8x8}} | {{t\|-24,907\|g85r2a-4pcf}} | {{t\|3.7%\|g85r2a-myn5}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating reinsurance result | {{t\|-810\|g85r2a-g24d}} | {{t\|-827\|g85r2a-ezi1}} | {{t\|-1,099\|g85r2a-8a2v}} | {{t\|-394\|g85r2a-c5bp}} | {{t\|-3,130\|g85r2a-l0v9}} | {{t\|-735\|g85r2a-8nq3}} | {{t\|-856\|g85r2a-pklh}} | {{t\|-886\|g85r2a-bjyy}} | {{t\|-800\|g85r2a-i8cc}} | {{t\|-3,277\|g85r2a-ntby}} | {{t\|4.7%\|g85r2a-ki5p}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Other {{t\|insurance service result\|\|Insurance service result}} | {{t\|-11\|g85r2a-dkz1}} | {{t\|363\|g85r2a-ehni}} | {{t\|294\|g85r2a-iw4o}} | {{t\|86\|g85r2a-jbm9}} | {{t\|732\|g85r2a-ps18}} | {{t\|153\|g85r2a-lhqr}} | {{t\|142\|g85r2a-hy18}} | {{t\|204\|g85r2a-2skd}} | {{t\|-68\|g85r2a-5vxy}} | {{t\|431\|g85r2a-4iya}} | {{t\|-41.0%\|g85r2a-gha2}} |
| **Operating {{t\|insurance service result\|\|Insurance service result}} — Subtotal** | {{t\|2,545\|g85r2a-lb45}} | {{t\|2,338\|g85r2a-zsv7}} | {{t\|2,371\|g85r2a-2cdp}} | {{t\|2,238\|g85r2a-jii4}} | {{t\|9,491\|g85r2a-n8ag}} | {{t\|2,786\|g85r2a-4ls0}} | {{t\|2,956\|g85r2a-llaz}} | {{t\|2,754\|g85r2a-oua7}} | {{t\|2,465\|g85r2a-dppt}} | {{t\|10,961\|g85r2a-pcb4}} | {{t\|15.5%\|g85r2a-7938}} |
| Operating {{t\|investment result\|\|Net investment income}} — Operating {{t\|net investment income\|\|Net investment income}}, excluding interest expenses from external debt | {{t\|12,357\|g85r2a-4bhv}} | {{t\|6,562\|g85r2a-qw9g}} | {{t\|9,835\|g85r2a-efmq}} | {{t\|8,247\|g85r2a-47kh}} | {{t\|37,001\|g85r2a-f66q}} | {{t\|648\|g85r2a-q6rs}} | {{t\|7,018\|g85r2a-jotz}} | {{t\|12,738\|g85r2a-xdxj}} | {{t\|9,729\|g85r2a-yy0k}} | {{t\|30,134\|g85r2a-91yf}} | {{t\|-18.6%\|g85r2a-bsbe}} |
| Operating {{t\|investment result\|\|Net investment income}} — Finance income (expenses) from insurance contracts issued (net) | {{t\|-11,499\|g85r2a-t0xa}} | {{t\|-5,532\|g85r2a-yosq}} | {{t\|-8,573\|g85r2a-i29t}} | {{t\|-6,962\|g85r2a-pwja}} | {{t\|-32,567\|g85r2a-0jo5}} | {{t\|115\|g85r2a-txk1}} | {{t\|-6,277\|g85r2a-9jyj}} | {{t\|-11,540\|g85r2a-h40p}} | {{t\|-8,674\|g85r2a-y6a6}} | {{t\|-26,376\|g85r2a-8bgz}} | {{t\|-19.0%\|g85r2a-vxd1}} |
| Operating {{t\|investment result\|\|Net investment income}} — Finance income (expenses) from reinsurance contracts held (net) | {{t\|173\|g85r2a-xo67}} | {{t\|174\|g85r2a-co11}} | {{t\|-65\|g85r2a-9p11}} | {{t\|134\|g85r2a-2od8}} | {{t\|416\|g85r2a-rjt2}} | {{t\|243\|g85r2a-h2bf}} | {{t\|256\|g85r2a-xyv8}} | {{t\|94\|g85r2a-as0r}} | {{t\|157\|g85r2a-4bsy}} | {{t\|749\|g85r2a-4fxm}} | {{t\|80.2%\|g85r2a-g6ji}} |
| **Operating {{t\|investment result\|\|Net investment income}} — Subtotal** | {{t\|1,030\|g85r2a-qs2m}} | {{t\|1,204\|g85r2a-zmoe}} | {{t\|1,197\|g85r2a-5k2x}} | {{t\|1,419\|g85r2a-55fm}} | {{t\|4,850\|g85r2a-s9g4}} | {{t\|1,006\|g85r2a-tj8s}} | {{t\|997\|g85r2a-ouxy}} | {{t\|1,292\|g85r2a-bkg4}} | {{t\|1,212\|g85r2a-o4hv}} | {{t\|4,507\|g85r2a-vlr5}} | {{t\|-7.1%\|g85r2a-x77q}} |
| Operating {{t\|investment result\|\|Net investment income}} — {{t\|Operating result\|\|Underlying earnings}} from investment contracts | {{t\|54\|g85r2a-ywzf}} | {{t\|81\|g85r2a-tks8}} | {{t\|69\|g85r2a-l6wn}} | {{t\|80\|g85r2a-dcvt}} | {{t\|284\|g85r2a-w6mn}} | {{t\|73\|g85r2a-70i2}} | {{t\|76\|g85r2a-83pj}} | {{t\|62\|g85r2a-f0im}} | {{t\|63\|g85r2a-6zyq}} | {{t\|273\|g85r2a-wpf6}} | {{t\|-3.9%\|g85r2a-5g7b}} |
| Operating {{t\|investment result\|\|Net investment income}} — Operating fee and commission result | {{t\|1,890\|g85r2a-36dp}} | {{t\|1,879\|g85r2a-arzq}} | {{t\|1,906\|g85r2a-o3uo}} | {{t\|2,282\|g85r2a-jkig}} | {{t\|7,957\|g85r2a-d8x4}} | {{t\|2,022\|g85r2a-pc26}} | {{t\|1,947\|g85r2a-gp18}} | {{t\|2,023\|g85r2a-v704}} | {{t\|2,313\|g85r2a-9qyr}} | {{t\|8,304\|g85r2a-lvic}} | {{t\|4.4%\|g85r2a-slfv}} |
| Operating {{t\|investment result\|\|Net investment income}} — Operating other result | {{t\|-1,533\|g85r2a-uep5}} | {{t\|-1,577\|g85r2a-vnhl}} | {{t\|-1,605\|g85r2a-aza0}} | {{t\|-1,844\|g85r2a-62oj}} | {{t\|-6,559\|g85r2a-zwom}} | {{t\|-1,648\|g85r2a-3rdc}} | {{t\|-1,570\|g85r2a-i9yy}} | {{t\|-1,697\|g85r2a-3rl1}} | {{t\|-1,755\|g85r2a-t4ap}} | {{t\|-6,670\|g85r2a-k7c1}} | {{t\|1.7%\|g85r2a-fa9h}} |
| Operating {{t\|investment result\|\|Net investment income}} — {{t\|Operating profit\|\|Underlying earnings}} | {{t\|3,986\|g85r2a-8ata}} | {{t\|3,926\|g85r2a-4xq2}} | {{t\|3,938\|g85r2a-nll3}} | {{t\|4,174\|g85r2a-pxtf}} | {{t\|16,023\|g85r2a-l2wg}} | {{t\|4,238\|g85r2a-mhf3}} | {{t\|4,406\|g85r2a-stcn}} | {{t\|4,433\|g85r2a-ndrc}} | {{t\|4,297\|g85r2a-ynk4}} | {{t\|17,374\|g85r2a-9by6}} | {{t\|8.4%\|g85r2a-majv}} |
| Non-operating items — Realized gains/losses (net) | {{t\|-77\|g85r2a-i7wv}} | {{t\|-5\|g85r2a-84sn}} | {{t\|-0\|g85r2a-8khb}} | {{t\|-86\|g85r2a-w0x3}} | {{t\|-168\|g85r2a-jdzk}} | {{t\|1\|g85r2a-pp7j}} | {{t\|369\|g85r2a-5iey}} | {{t\|48\|g85r2a-wx0i}} | {{t\|224\|g85r2a-wdmg}} | {{t\|643\|g85r2a-4wfl}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|-7\|g85r2a-3zj6}} | {{t\|-26\|g85r2a-1ve2}} | {{t\|-33\|g85r2a-iwe3}} | {{t\|18\|g85r2a-fks0}} | {{t\|-48\|g85r2a-3ila}} | {{t\|-34\|g85r2a-3lgb}} | {{t\|5\|g85r2a-s449}} | {{t\|-30\|g85r2a-t0vi}} | {{t\|6\|g85r2a-10mt}} | {{t\|-53\|g85r2a-v7lz}} | {{t\|9.3%\|g85r2a-9pbx}} |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|-1\|g85r2a-e9nv}} | {{t\|-78\|g85r2a-e9c5}} | {{t\|-123\|g85r2a-p644}} | {{t\|-25\|g85r2a-pvfk}} | {{t\|-227\|g85r2a-9g60}} | {{t\|-198\|g85r2a-q1we}} | {{t\|-224\|g85r2a-mnrb}} | {{t\|-54\|g85r2a-9e6d}} | {{t\|-155\|g85r2a-pqkw}} | {{t\|-631\|g85r2a-u2iv}} | {{t\|178.5%\|g85r2a-csmi}} |
| Non-operating items — thereof: Non-operating market movements | {{t\|102\|g85r2a-cocs}} | {{t\|-15\|g85r2a-l7hk}} | {{t\|-49\|g85r2a-0opj}} | {{t\|55\|g85r2a-nwzy}} | {{t\|92\|g85r2a-aryx}} | {{t\|-134\|g85r2a-f36a}} | {{t\|-136\|g85r2a-3l6j}} | {{t\|15\|g85r2a-ypdr}} | {{t\|-48\|g85r2a-swfm}} | {{t\|-303\|g85r2a-lrzu}} | n.m. |
| Non-operating items — Interest expenses from external debt | {{t\|-183\|g85r2a-qszp}} | {{t\|-182\|g85r2a-y6t1}} | {{t\|-192\|g85r2a-j5f3}} | {{t\|-204\|g85r2a-25pz}} | {{t\|-762\|g85r2a-rhiu}} | {{t\|-190\|g85r2a-f1yu}} | {{t\|-197\|g85r2a-lg7h}} | {{t\|-186\|g85r2a-1o13}} | {{t\|-184\|g85r2a-ax3z}} | {{t\|-758\|g85r2a-p6e5}} | {{t\|-0.5%\|g85r2a-m2on}} |
| Non-operating items — Restructuring and integration expenses | {{t\|-89\|g85r2a-90pm}} | {{t\|-123\|g85r2a-b2z3}} | {{t\|-202\|g85r2a-dwd4}} | {{t\|-254\|g85r2a-8ovf}} | {{t\|-669\|g85r2a-b8nx}} | {{t\|-144\|g85r2a-iop4}} | {{t\|-152\|g85r2a-5gk7}} | {{t\|-145\|g85r2a-bdhl}} | {{t\|-266\|g85r2a-qq9m}} | {{t\|-708\|g85r2a-xyk1}} | {{t\|5.9%\|g85r2a-oqny}} |
| Non-operating items — Amortization of intangible assets | {{t\|-67\|g85r2a-lkuz}} | {{t\|-68\|g85r2a-qbr4}} | {{t\|-73\|g85r2a-dd9s}} | {{t\|-74\|g85r2a-zmid}} | {{t\|-282\|g85r2a-e289}} | {{t\|-68\|g85r2a-9yji}} | {{t\|-71\|g85r2a-knue}} | {{t\|-66\|g85r2a-x699}} | {{t\|-67\|g85r2a-elww}} | {{t\|-271\|g85r2a-pa4w}} | {{t\|-3.8%\|g85r2a-efhi}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|-24\|g85r2a-w5qb}} | {{t\|-25\|g85r2a-7ycp}} | {{t\|-28\|g85r2a-9dfb}} | {{t\|-26\|g85r2a-7ncw}} | {{t\|-102\|g85r2a-ovku}} | {{t\|-24\|g85r2a-bxn5}} | {{t\|-24\|g85r2a-pyde}} | {{t\|-24\|g85r2a-p5h0}} | {{t\|-24\|g85r2a-rhy3}} | {{t\|-97\|g85r2a-t500}} | {{t\|-5.2%\|g85r2a-n1et}} |
| Non-operating items — Other (16) | {{t\|-68\|g85r2a-x4qb}} | {{t\|40\|g85r2a-giq3}} | {{t\|207\|g85r2a-ab7j}} | {{t\|-31\|g85r2a-nqke}} | {{t\|149\|g85r2a-2q2r}} | {{t\|-49\|g85r2a-mwib}} | {{t\|-35\|g85r2a-4yw8}} | {{t\|2\|g85r2a-5nfc}} | {{t\|-54\|g85r2a-uqmb}} | {{t\|-136\|g85r2a-ul83}} | n.m. |
| **Non-operating items — Subtotal** | {{t\|-493\|g85r2a-vjka}} | {{t\|-441\|g85r2a-jekv}} | {{t\|-417\|g85r2a-1mv8}} | {{t\|-655\|g85r2a-1axu}} | {{t\|-2,007\|g85r2a-91uf}} | {{t\|-683\|g85r2a-p3ts}} | {{t\|-304\|g85r2a-m94t}} | {{t\|-431\|g85r2a-dvzi}} | {{t\|-497\|g85r2a-7p73}} | {{t\|-1,914\|g85r2a-4919}} | {{t\|-4.6%\|g85r2a-puvu}} |
| **Non-operating items — Income (loss) before income taxes** | {{t\|3,493\|g85r2a-i8cp}} | {{t\|3,484\|g85r2a-bjdy}} | {{t\|3,521\|g85r2a-2fhc}} | {{t\|3,518\|g85r2a-yf0u}} | {{t\|14,016\|g85r2a-2ym5}} | {{t\|3,555\|g85r2a-s45j}} | {{t\|4,102\|g85r2a-hjjg}} | {{t\|4,002\|g85r2a-7dr0}} | {{t\|3,800\|g85r2a-gix2}} | {{t\|15,460\|g85r2a-tf55}} | {{t\|10.3%\|g85r2a-ico3}} |
| Non-operating items — Income taxes | {{t\|-861\|g85r2a-ysyt}} | {{t\|-823\|g85r2a-rqdt}} | {{t\|-910\|g85r2a-61hy}} | {{t\|-883\|g85r2a-bber}} | {{t\|-3,476\|g85r2a-cwin}} | {{t\|-974\|g85r2a-seyg}} | {{t\|-1,084\|g85r2a-dr1l}} | {{t\|-992\|g85r2a-ir1v}} | {{t\|-980\|g85r2a-32wl}} | {{t\|-4,030\|g85r2a-1lcf}} | {{t\|15.9%\|g85r2a-s112}} |
| **Non-operating items — Net income (loss)** | {{t\|2,631\|g85r2a-w2bq}} | {{t\|2,661\|g85r2a-9k5u}} | {{t\|2,611\|g85r2a-706l}} | {{t\|2,636\|g85r2a-w6l2}} | {{t\|10,540\|g85r2a-yv70}} | {{t\|2,581\|g85r2a-n9bo}} | {{t\|3,018\|g85r2a-caj1}} | {{t\|3,010\|g85r2a-vsfn}} | {{t\|2,821\|g85r2a-y3ru}} | {{t\|11,430\|g85r2a-xtuy}} | {{t\|8.4%\|g85r2a-zv0m}} |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|156\|g85r2a-fbky}} | {{t\|149\|g85r2a-s5ya}} | {{t\|141\|g85r2a-ep35}} | {{t\|163\|g85r2a-pl0l}} | {{t\|609\|g85r2a-jyxb}} | {{t\|158\|g85r2a-fxa6}} | {{t\|177\|g85r2a-p0ce}} | {{t\|163\|g85r2a-pwnr}} | {{t\|157\|g85r2a-xupf}} | {{t\|655\|g85r2a-urs0}} | {{t\|7.7%\|g85r2a-bi17}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|2,475\|g85r2a-plb2}} | {{t\|2,513\|g85r2a-g0l6}} | {{t\|2,471\|g85r2a-h72o}} | {{t\|2,472\|g85r2a-l7bb}} | {{t\|9,931\|g85r2a-jyl1}} | {{t\|2,423\|g85r2a-jqux}} | {{t\|2,841\|g85r2a-tqfi}} | {{t\|2,847\|g85r2a-q67q}} | {{t\|2,664\|g85r2a-v9nb}} | {{t\|10,775\|g85r2a-mraq}} | {{t\|8.5%\|g85r2a-bxam}} |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|3,493\|g85r2a-plvj}} | {{t\|3,484\|g85r2a-hbz2}} | {{t\|3,521\|g85r2a-q689}} | {{t\|3,518\|g85r2a-q3fr}} | {{t\|14,016\|g85r2a-v8x1}} | {{t\|3,555\|g85r2a-ddgy}} | {{t\|4,102\|g85r2a-9sl8}} | {{t\|4,002\|g85r2a-sde6}} | {{t\|3,800\|g85r2a-wdyf}} | {{t\|15,460\|g85r2a-whlo}} | {{t\|10.3%\|g85r2a-rvv7}} |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|-102\|g85r2a-xg32}} | {{t\|15\|g85r2a-qaip}} | {{t\|49\|g85r2a-q6k3}} | {{t\|-55\|g85r2a-zv5g}} | {{t\|-92\|g85r2a-29cy}} | {{t\|134\|g85r2a-go34}} | {{t\|136\|g85r2a-bq3r}} | {{t\|-15\|g85r2a-syso}} | {{t\|48\|g85r2a-e1b0}} | {{t\|303\|g85r2a-isiu}} | n.m. |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|24\|g85r2a-pxfs}} | {{t\|25\|g85r2a-hsxl}} | {{t\|28\|g85r2a-at8q}} | {{t\|26\|g85r2a-kvpl}} | {{t\|102\|g85r2a-5dzj}} | {{t\|24\|g85r2a-59fb}} | {{t\|24\|g85r2a-xleh}} | {{t\|24\|g85r2a-4e2a}} | {{t\|24\|g85r2a-1w2r}} | {{t\|97\|g85r2a-xnnn}} | {{t\|-5.2%\|g85r2a-jvj2}} |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|3,414\|g85r2a-1wwf}} | {{t\|3,524\|g85r2a-yo6b}} | {{t\|3,598\|g85r2a-m0da}} | {{t\|3,490\|g85r2a-gysi}} | {{t\|14,026\|g85r2a-as8j}} | {{t\|3,713\|g85r2a-m87r}} | {{t\|4,262\|g85r2a-m5ab}} | {{t\|4,011\|g85r2a-mmp3}} | {{t\|3,873\|g85r2a-lcwi}} | {{t\|15,860\|g85r2a-ruxy}} | {{t\|13.1%\|g85r2a-n83s}} |
| Net income (loss) attributable to: — Income taxes related to core income | {{t\|-881\|g85r2a-s4i4}} | {{t\|-835\|g85r2a-6p5l}} | {{t\|-924\|g85r2a-u0rc}} | {{t\|-882\|g85r2a-w54d}} | {{t\|-3,521\|g85r2a-t876}} | {{t\|-999\|g85r2a-ukuj}} | {{t\|-1,106\|g85r2a-akaw}} | {{t\|-991\|g85r2a-fzva}} | {{t\|-982\|g85r2a-2uum}} | {{t\|-4,078\|g85r2a-i086}} | {{t\|15.8%\|g85r2a-b9yy}} |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|2,533\|g85r2a-75vh}} | {{t\|2,690\|g85r2a-xv6h}} | {{t\|2,674\|g85r2a-pozx}} | {{t\|2,608\|g85r2a-emre}} | {{t\|10,505\|g85r2a-767y}} | {{t\|2,714\|g85r2a-eah2}} | {{t\|3,156\|g85r2a-xepd}} | {{t\|3,020\|g85r2a-rpcd}} | {{t\|2,891\|g85r2a-qzqb}} | {{t\|11,781\|g85r2a-6agf}} | {{t\|12.2%\|g85r2a-v8a7}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|2,513\|g85r2a-umb0}} | {{t\|2,536\|g85r2a-zd81}} | {{t\|2,534\|g85r2a-zenr}} | {{t\|2,434\|g85r2a-8hag}} | {{t\|10,017\|g85r2a-dt8y}} | {{t\|2,550\|g85r2a-a6ok}} | {{t\|2,976\|g85r2a-lio9}} | {{t\|2,855\|g85r2a-bihc}} | {{t\|2,731\|g85r2a-9wur}} | {{t\|11,113\|g85r2a-v30h}} | {{t\|10.9%\|g85r2a-cufh}} |
| Net income (loss) attributable to: — Core return on equity(17) (in %) | {{t\|16.9\|g85r2a-y39k}} | {{t\|16.9\|g85r2a-0g8k}} | {{t\|16.9\|g85r2a-arp5}} | {{t\|16.9\|g85r2a-8cxz}} | {{t\|16.9\|g85r2a-nqau}} | {{t\|18.1\|g85r2a-vohr}} | {{t\|18.1\|g85r2a-vue4}} | {{t\|18.1\|g85r2a-0owv}} | {{t\|18.1\|g85r2a-ocwg}} | {{t\|18.1\|g85r2a-1kyz}} | 1.2%-p |
| Net income (loss) attributable to: — Average shareholders' equity(18) used for core RoE calculation | n.m. | n.m. | n.m | n.m. | {{t\|58,544\|g85r2a-2opl}} | n.m. | n.m. | n.m. | n.m. | {{t\|60,619\|g85r2a-l67e}} | {{t\|3.5%\|g85r2a-wpn6}} |
(15) Total business volume comprises gross premiums written and fee and commission income in Property-Casualty, statutory gross premiums in Life/Health, and operating revenues in Asset Management.
(16) Including hyperinflation result, tax reclassifications from the Life/Health segment, and reclassification impacts from the Asset Management segment.
(17) For current year periods and prior year periods, the core return on equity for the respective full year is shown.
(18) Shareholders‘ equity excluding undated subordinated bonds classified as shareholders’ equity, unrealized gains and losses from insurance contracts and other unrealized gains and losses." |
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| id | "g85r2a-c8" |
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| chunk | 8 |
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| pages | |
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| heading | "Allianz Group – EPS" |
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| data_items | |
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| effective_tags | |
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| content | "**EPS build-up by quarter and year.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Number of shares issued - end of period | {{t\|391,718,983\|g85r2a-rxw3}} | {{t\|391,718,983\|g85r2a-cy3u}} | {{t\|391,718,983\|g85r2a-rklt}} | {{t\|386,166,676\|g85r2a-oh7o}} | {{t\|386,166,676\|g85r2a-304n}} | {{t\|386,166,676\|g85r2a-szh7}} | {{t\|386,166,676\|g85r2a-u78l}} | {{t\|386,166,676\|g85r2a-gnxt}} | {{t\|380,418,897\|g85r2a-zhr1}} | {{t\|380,418,897\|g85r2a-l52v}} | {{t\|-1.5%\|g85r2a-b9rm}} |
| Number of shares outstanding - end of period | {{t\|390,785,989\|g85r2a-p4y0}} | {{t\|387,986,127\|g85r2a-3l4m}} | {{t\|386,211,294\|g85r2a-zmod}} | {{t\|385,919,437\|g85r2a-y4ni}} | {{t\|385,919,437\|g85r2a-4jhq}} | {{t\|385,551,332\|g85r2a-xmc4}} | {{t\|382,995,688\|g85r2a-pdvk}} | {{t\|380,239,760\|g85r2a-xkdm}} | {{t\|380,242,198\|g85r2a-efvb}} | {{t\|380,242,198\|g85r2a-ms55}} | {{t\|-1.5%\|g85r2a-myj9}} |
| Weighted average number of shares outstanding - basic | {{t\|391,366,716\|g85r2a-r9tb}} | {{t\|389,341,572\|g85r2a-tnxe}} | {{t\|387,329,274\|g85r2a-6dns}} | {{t\|385,853,086\|g85r2a-y810}} | {{t\|388,462,381\|g85r2a-ryy7}} | {{t\|385,901,408\|g85r2a-lkqh}} | {{t\|384,152,768\|g85r2a-db9n}} | {{t\|381,391,281\|g85r2a-nxtl}} | {{t\|380,128,259\|g85r2a-k3d0}} | {{t\|382,873,496\|g85r2a-k8m1}} | {{t\|-1.4%\|g85r2a-k00r}} |
| Potentially dilutive shares | {{t\|219,181\|g85r2a-e9ba}} | {{t\|1,557,024\|g85r2a-5upa}} | {{t\|63,050\|g85r2a-wqzg}} | {{t\|1,954,385\|g85r2a-ow72}} | {{t\|120,869\|g85r2a-9wr1}} | {{t\|117,521\|g85r2a-wspv}} | {{t\|30,576\|g85r2a-pg3a}} | {{t\|51,250\|g85r2a-6m3i}} | {{t\|70,365\|g85r2a-e8v4}} | {{t\|85,195\|g85r2a-6f84}} | {{t\|-29.5%\|g85r2a-zq9g}} |
| Weighted average number of shares outstanding - diluted | {{t\|391,585,898\|g85r2a-3ogh}} | {{t\|390,898,596\|g85r2a-n86f}} | {{t\|387,392,324\|g85r2a-iwd6}} | {{t\|387,807,471\|g85r2a-9n8f}} | {{t\|388,583,250\|g85r2a-cro3}} | {{t\|386,018,928\|g85r2a-m1cw}} | {{t\|384,183,344\|g85r2a-xcd2}} | {{t\|381,442,531\|g85r2a-v3er}} | {{t\|380,198,624\|g85r2a-s78t}} | {{t\|382,958,691\|g85r2a-k1va}} | {{t\|-1.4%\|g85r2a-i6gu}} |
| Net income attributable to shareholders - basic (19) | {{t\|2,475\|g85r2a-xrhp}} | {{t\|2,369\|g85r2a-l1r2}} | {{t\|2,471\|g85r2a-2hd1}} | {{t\|2,472\|g85r2a-83hz}} | {{t\|9,788\|g85r2a-bzhh}} | {{t\|2,423\|g85r2a-a3dn}} | {{t\|2,702\|g85r2a-smov}} | {{t\|2,823\|g85r2a-53rf}} | {{t\|2,655\|g85r2a-i3eu}} | {{t\|10,603\|g85r2a-bu4a}} | {{t\|8.3%\|g85r2a-96g0}} |
| Effect of dilution | {{t\|-3\|g85r2a-7wrn}} | {{t\|-1\|g85r2a-whwn}} | {{t\|-1\|g85r2a-6ltg}} | {{t\|9\|g85r2a-nc5b}} | {{t\|-5\|g85r2a-uhjt}} | {{t\|-2\|g85r2a-ds3n}} | {{t\|-1\|g85r2a-49a7}} | {{t\|-1\|g85r2a-f6xb}} | {{t\|-1\|g85r2a-02jv}} | {{t\|-5\|g85r2a-sknr}} | {{t\|0.4%\|g85r2a-q5bx}} |
| Net income attributable to shareholders - diluted | {{t\|2,472\|g85r2a-9lwd}} | {{t\|2,368\|g85r2a-ahh2}} | {{t\|2,470\|g85r2a-73lk}} | {{t\|2,482\|g85r2a-gywk}} | {{t\|9,783\|g85r2a-ulyi}} | {{t\|2,421\|g85r2a-t16c}} | {{t\|2,701\|g85r2a-6i5g}} | {{t\|2,821\|g85r2a-5a89}} | {{t\|2,654\|g85r2a-c9jp}} | {{t\|10,598\|g85r2a-u7de}} | {{t\|8.3%\|g85r2a-ag70}} |
| **EPS basic (EUR)** | {{t\|6.32\|g85r2a-62kw}} | {{t\|6.09\|g85r2a-9dqf}} | {{t\|6.38\|g85r2a-milq}} | {{t\|6.41\|g85r2a-kd0v}} | {{t\|25.20\|g85r2a-cjw2}} | {{t\|6.28\|g85r2a-7sda}} | {{t\|7.03\|g85r2a-3oem}} | {{t\|7.40\|g85r2a-hqzh}} | {{t\|6.98\|g85r2a-i3x5}} | {{t\|27.69\|g85r2a-g2h9}} | {{t\|9.9%\|g85r2a-by9t}} |
| **EPS diluted (EUR)** | {{t\|6.31\|g85r2a-lbu8}} | {{t\|6.06\|g85r2a-stlc}} | {{t\|6.38\|g85r2a-sbv4}} | {{t\|6.40\|g85r2a-8cm4}} | {{t\|25.18\|g85r2a-28uh}} | {{t\|6.27\|g85r2a-0mq8}} | {{t\|7.03\|g85r2a-gga4}} | {{t\|7.40\|g85r2a-mmpb}} | {{t\|6.98\|g85r2a-5rrg}} | {{t\|27.67\|g85r2a-5d8y}} | {{t\|9.9%\|g85r2a-9vro}} |
| Shareholders' core net income - basic (19) | {{t\|2,513\|g85r2a-le6k}} | {{t\|2,393\|g85r2a-je03}} | {{t\|2,534\|g85r2a-tqbs}} | {{t\|2,434\|g85r2a-uab2}} | {{t\|9,874\|g85r2a-j5zb}} | {{t\|2,550\|g85r2a-66n9}} | {{t\|2,837\|g85r2a-sz8x}} | {{t\|2,838\|g85r2a-g1wc}} | {{t\|2,727\|g85r2a-5p0r}} | {{t\|10,953\|g85r2a-m16o}} | {{t\|10.9%\|g85r2a-mdeo}} |
| Effect of dilution | {{t\|-3\|g85r2a-oa6d}} | {{t\|-1\|g85r2a-nbe5}} | {{t\|-1\|g85r2a-twz6}} | {{t\|9\|g85r2a-5i8f}} | {{t\|-5\|g85r2a-lnsw}} | {{t\|-2\|g85r2a-cohr}} | {{t\|-1\|g85r2a-msxy}} | {{t\|-1\|g85r2a-4d2t}} | {{t\|-1\|g85r2a-ivw6}} | {{t\|-5\|g85r2a-1f57}} | {{t\|0.4%\|g85r2a-v2mf}} |
| Shareholders' core net income - diluted | {{t\|2,510\|g85r2a-6edx}} | {{t\|2,392\|g85r2a-jk5s}} | {{t\|2,533\|g85r2a-u2ta}} | {{t\|2,443\|g85r2a-gd53}} | {{t\|9,869\|g85r2a-zx04}} | {{t\|2,548\|g85r2a-fyxo}} | {{t\|2,836\|g85r2a-88g9}} | {{t\|2,837\|g85r2a-eg6z}} | {{t\|2,726\|g85r2a-oj83}} | {{t\|10,948\|g85r2a-tbnd}} | {{t\|10.9%\|g85r2a-bgnx}} |
| **Core EPS basic (EUR)** | {{t\|6.42\|g85r2a-0xp9}} | {{t\|6.15\|g85r2a-na9g}} | {{t\|6.54\|g85r2a-xa05}} | {{t\|6.31\|g85r2a-ouep}} | {{t\|25.42\|g85r2a-gdb5}} | {{t\|6.61\|g85r2a-5pny}} | {{t\|7.39\|g85r2a-wwfa}} | {{t\|7.44\|g85r2a-mafv}} | {{t\|7.17\|g85r2a-3yia}} | {{t\|28.61\|g85r2a-f5st}} | {{t\|12.5%\|g85r2a-zcdj}} |
| **Core EPS diluted (EUR)** | {{t\|6.41\|g85r2a-feuq}} | {{t\|6.12\|g85r2a-f84v}} | {{t\|6.54\|g85r2a-6kok}} | {{t\|6.30\|g85r2a-jdr5}} | {{t\|25.40\|g85r2a-lzml}} | {{t\|6.60\|g85r2a-0ch1}} | {{t\|7.38\|g85r2a-k10v}} | {{t\|7.44\|g85r2a-ihlq}} | {{t\|7.17\|g85r2a-jlvn}} | {{t\|28.59\|g85r2a-z5sw}} | {{t\|12.6%\|g85r2a-51xq}} |
(19) Adjusted for net financial charges related to undated subordinated bonds classified as shareholders’ equity. For core EPS basic and core EPS diluted, net financial charges excluding any foreign currency translation effects incurred in the redemption of these bonds." |
|---|
|
| id | "g85r2a-c9" |
|---|
| chunk | 9 |
|---|
| pages | |
|---|
| heading | "Property-Casualty" |
|---|
| tags | |
|---|
| links | | "Insurance service result" |
| "Insurance revenue" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Insurance service result" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Property-Casualty operating profit build-up by quarter and year.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (20) | {{t\|25,488\|g85r2a-gx4n}} | {{t\|19,278\|g85r2a-o36d}} | {{t\|18,583\|g85r2a-oayu}} | {{t\|19,534\|g85r2a-nbku}} | {{t\|82,883\|g85r2a-spx0}} | {{t\|27,008\|g85r2a-o7jy}} | {{t\|20,126\|g85r2a-e5kj}} | {{t\|19,734\|g85r2a-tjzg}} | {{t\|19,873\|g85r2a-elwh}} | {{t\|86,741\|g85r2a-lw0u}} | {{t\|4.7%\|g85r2a-tumm}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|17,680\|g85r2a-me3e}} | {{t\|18,436\|g85r2a-0jux}} | {{t\|18,907\|g85r2a-ihng}} | {{t\|19,596\|g85r2a-tmf7}} | {{t\|74,619\|g85r2a-iwxv}} | {{t\|18,926\|g85r2a-rfju}} | {{t\|19,139\|g85r2a-402k}} | {{t\|20,018\|g85r2a-4k4x}} | {{t\|20,081\|g85r2a-wkgk}} | {{t\|78,164\|g85r2a-4owu}} | {{t\|4.8%\|g85r2a-fy6p}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Claims and benefits | {{t\|-11,214\|g85r2a-p8n2}} | {{t\|-11,981\|g85r2a-zfdi}} | {{t\|-12,092\|g85r2a-0qb0}} | {{t\|-13,485\|g85r2a-02a9}} | {{t\|-48,771\|g85r2a-w3bc}} | {{t\|-12,122\|g85r2a-6lzt}} | {{t\|-12,183\|g85r2a-c1du}} | {{t\|-12,821\|g85r2a-wz03}} | {{t\|-13,261\|g85r2a-rkjs}} | {{t\|-50,386\|g85r2a-dqp3}} | {{t\|3.3%\|g85r2a-k2e4}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating acquisition and administrative expenses | {{t\|-4,353\|g85r2a-tps6}} | {{t\|-4,469\|g85r2a-kwv5}} | {{t\|-4,486\|g85r2a-nyik}} | {{t\|-4,715\|g85r2a-c2pv}} | {{t\|-18,022\|g85r2a-n685}} | {{t\|-4,569\|g85r2a-7gl2}} | {{t\|-4,569\|g85r2a-yef6}} | {{t\|-4,724\|g85r2a-qy8o}} | {{t\|-4,783\|g85r2a-jykm}} | {{t\|-18,645\|g85r2a-co45}} | {{t\|3.5%\|g85r2a-doqb}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Operating reinsurance result | {{t\|-680\|g85r2a-tlgd}} | {{t\|-783\|g85r2a-9rj7}} | {{t\|-1,098\|g85r2a-3d82}} | {{t\|-365\|g85r2a-0mt4}} | {{t\|-2,927\|g85r2a-jew6}} | {{t\|-686\|g85r2a-tknp}} | {{t\|-711\|g85r2a-kssp}} | {{t\|-842\|g85r2a-e2d0}} | {{t\|-760\|g85r2a-gfzf}} | {{t\|-3,000\|g85r2a-brt9}} | {{t\|2.5%\|g85r2a-z8a7}} |
| Operating {{t\|insurance service result\|\|Insurance service result}} — Other {{t\|insurance service result\|\|Insurance service result}} | {{t\|-0\|g85r2a-v7sq}} | {{t\|0\|g85r2a-lv19}} | {{t\|3\|g85r2a-79z7}} | {{t\|6\|g85r2a-6fu9}} | {{t\|10\|g85r2a-a5ye}} | {{t\|0\|g85r2a-0phg}} | {{t\|0\|g85r2a-meb7}} | {{t\|0\|g85r2a-i6qk}} | {{t\|0\|g85r2a-akp0}} | {{t\|0\|g85r2a-eaqz}} | {{t\|-100.0%\|g85r2a-sqhp}} |
| **Operating {{t\|insurance service result\|\|Insurance service result}} — Subtotal** | {{t\|1,433\|g85r2a-22oe}} | {{t\|1,203\|g85r2a-blzn}} | {{t\|1,234\|g85r2a-ao24}} | {{t\|1,038\|g85r2a-ew1d}} | {{t\|4,908\|g85r2a-2kh6}} | {{t\|1,549\|g85r2a-w0rc}} | {{t\|1,676\|g85r2a-uigh}} | {{t\|1,631\|g85r2a-1wer}} | {{t\|1,276\|g85r2a-o5zo}} | {{t\|6,133\|g85r2a-f6tg}} | {{t\|24.9%\|g85r2a-7wsf}} |
| Operating {{t\|investment result\|\|Net investment income}} — Interest and similar income (21) | {{t\|1,162\|g85r2a-cshr}} | {{t\|1,290\|g85r2a-aygl}} | {{t\|1,223\|g85r2a-t7mj}} | {{t\|1,305\|g85r2a-saxl}} | {{t\|4,980\|g85r2a-dyqw}} | {{t\|1,217\|g85r2a-cz7v}} | {{t\|1,180\|g85r2a-cgmy}} | {{t\|1,137\|g85r2a-cg28}} | {{t\|1,204\|g85r2a-ygp1}} | {{t\|4,737\|g85r2a-o8ld}} | {{t\|-4.9%\|g85r2a-al00}} |
| Operating {{t\|investment result\|\|Net investment income}} — Interest accretion | {{t\|-362\|g85r2a-9wj1}} | {{t\|-346\|g85r2a-weeh}} | {{t\|-225\|g85r2a-wj6w}} | {{t\|-225\|g85r2a-7b0q}} | {{t\|-1,159\|g85r2a-hsns}} | {{t\|-445\|g85r2a-prlp}} | {{t\|-398\|g85r2a-97fd}} | {{t\|-256\|g85r2a-ay5z}} | {{t\|-238\|g85r2a-yn6x}} | {{t\|-1,336\|g85r2a-orru}} | {{t\|15.3%\|g85r2a-qyac}} |
| Operating {{t\|investment result\|\|Net investment income}} — Valuation result & other (22) | {{t\|-168\|g85r2a-eriw}} | {{t\|-218\|g85r2a-moiu}} | {{t\|-250\|g85r2a-353j}} | {{t\|-175\|g85r2a-z34f}} | {{t\|-811\|g85r2a-ib75}} | {{t\|-150\|g85r2a-pg03}} | {{t\|-146\|g85r2a-6uw6}} | {{t\|-118\|g85r2a-kj81}} | {{t\|-136\|g85r2a-qwfd}} | {{t\|-549\|g85r2a-t3dq}} | {{t\|-32.2%\|g85r2a-dm8a}} |
| Operating {{t\|investment result\|\|Net investment income}} — thereof: Investment expenses | {{t\|-133\|g85r2a-wvve}} | {{t\|-130\|g85r2a-mo7t}} | {{t\|-136\|g85r2a-kt6r}} | {{t\|-139\|g85r2a-5ska}} | {{t\|-539\|g85r2a-4gpl}} | {{t\|-95\|g85r2a-hpmv}} | {{t\|-89\|g85r2a-var9}} | {{t\|-109\|g85r2a-o4mk}} | {{t\|-125\|g85r2a-448b}} | {{t\|-418\|g85r2a-5d9m}} | {{t\|-22.3%\|g85r2a-r3ex}} |
| **Operating {{t\|investment result\|\|Net investment income}} — Subtotal** | {{t\|632\|g85r2a-qlqb}} | {{t\|725\|g85r2a-sl8v}} | {{t\|748\|g85r2a-3sx1}} | {{t\|905\|g85r2a-gzhz}} | {{t\|3,011\|g85r2a-vdcv}} | {{t\|622\|g85r2a-5rtl}} | {{t\|636\|g85r2a-0laj}} | {{t\|763\|g85r2a-q9ur}} | {{t\|830\|g85r2a-o4jk}} | {{t\|2,851\|g85r2a-pl81}} | {{t\|-5.3%\|g85r2a-7e7j}} |
| Operating {{t\|investment result\|\|Net investment income}} — Operating fee and commission result | {{t\|15\|g85r2a-ie34}} | {{t\|4\|g85r2a-n40k}} | {{t\|5\|g85r2a-j4d2}} | {{t\|36\|g85r2a-6dvg}} | {{t\|59\|g85r2a-8y8o}} | {{t\|7\|g85r2a-q2gn}} | {{t\|18\|g85r2a-a8lj}} | {{t\|17\|g85r2a-2lke}} | {{t\|28\|g85r2a-kr7z}} | {{t\|70\|g85r2a-p5wp}} | {{t\|18.3%\|g85r2a-st1c}} |
| Operating {{t\|investment result\|\|Net investment income}} — Operating other result | {{t\|-13\|g85r2a-vcl7}} | {{t\|-17\|g85r2a-mruv}} | {{t\|-18\|g85r2a-pupd}} | {{t\|-31\|g85r2a-9uf4}} | {{t\|-79\|g85r2a-5wlx}} | {{t\|-9\|g85r2a-c6md}} | {{t\|-34\|g85r2a-ax4a}} | {{t\|-17\|g85r2a-hhsc}} | {{t\|-0\|g85r2a-z58h}} | {{t\|-61\|g85r2a-2b6n}} | {{t\|-23.1%\|g85r2a-lfks}} |
| Operating {{t\|investment result\|\|Net investment income}} — {{t\|Operating profit\|\|Underlying earnings}} | {{t\|2,066\|g85r2a-8rc5}} | {{t\|1,915\|g85r2a-ljjm}} | {{t\|1,969\|g85r2a-0t7z}} | {{t\|1,948\|g85r2a-7r0e}} | {{t\|7,898\|g85r2a-hf4y}} | {{t\|2,170\|g85r2a-coc7}} | {{t\|2,295\|g85r2a-sxvc}} | {{t\|2,394\|g85r2a-y55g}} | {{t\|2,134\|g85r2a-003y}} | {{t\|8,992\|g85r2a-68ni}} | {{t\|13.9%\|g85r2a-2gbv}} |
| Non-operating items — Realized gains/losses (net) | {{t\|-36\|g85r2a-rkqb}} | {{t\|27\|g85r2a-8if0}} | {{t\|-2\|g85r2a-jfw9}} | {{t\|-57\|g85r2a-j8lx}} | {{t\|-68\|g85r2a-w5ft}} | {{t\|-6\|g85r2a-n4z7}} | {{t\|30\|g85r2a-qyzm}} | {{t\|56\|g85r2a-xag3}} | {{t\|247\|g85r2a-odvc}} | {{t\|327\|g85r2a-01em}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|-2\|g85r2a-352d}} | {{t\|-27\|g85r2a-zq0m}} | {{t\|-24\|g85r2a-ly74}} | {{t\|24\|g85r2a-skfr}} | {{t\|-29\|g85r2a-52kp}} | {{t\|-5\|g85r2a-1qdy}} | {{t\|7\|g85r2a-ys9q}} | {{t\|-27\|g85r2a-atev}} | {{t\|13\|g85r2a-rabb}} | {{t\|-12\|g85r2a-n2ew}} | {{t\|-59.3%\|g85r2a-r0bi}} |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|20\|g85r2a-hkyj}} | {{t\|-8\|g85r2a-5zb0}} | {{t\|-16\|g85r2a-pael}} | {{t\|36\|g85r2a-asgr}} | {{t\|32\|g85r2a-v5d2}} | {{t\|-82\|g85r2a-rt2l}} | {{t\|-115\|g85r2a-vy76}} | {{t\|-15\|g85r2a-1olt}} | {{t\|-56\|g85r2a-zfu1}} | {{t\|-269\|g85r2a-kq5k}} | n.m. |
| Non-operating items — thereof: Non-operating market movements | {{t\|25\|g85r2a-iy43}} | {{t\|1\|g85r2a-piok}} | {{t\|-6\|g85r2a-jj1d}} | {{t\|27\|g85r2a-kwy3}} | {{t\|47\|g85r2a-jxji}} | {{t\|-82\|g85r2a-1lw1}} | {{t\|-106\|g85r2a-a6i6}} | {{t\|-19\|g85r2a-1ak2}} | {{t\|-58\|g85r2a-wypl}} | {{t\|-265\|g85r2a-skj8}} | n.m. |
| Non-operating items — Restructuring and integration expenses | {{t\|-54\|g85r2a-5xo0}} | {{t\|-53\|g85r2a-i79g}} | {{t\|-145\|g85r2a-bce1}} | {{t\|-135\|g85r2a-9ie1}} | {{t\|-387\|g85r2a-p9ag}} | {{t\|-53\|g85r2a-jeuz}} | {{t\|-111\|g85r2a-b6x7}} | {{t\|-132\|g85r2a-rbu8}} | {{t\|-180\|g85r2a-shnv}} | {{t\|-476\|g85r2a-ow1z}} | {{t\|23.0%\|g85r2a-btyk}} |
| Non-operating items — Amortization of intangible assets | {{t\|-46\|g85r2a-7h2a}} | {{t\|-47\|g85r2a-2vqx}} | {{t\|-52\|g85r2a-o0uq}} | {{t\|-52\|g85r2a-prp3}} | {{t\|-196\|g85r2a-q6tb}} | {{t\|-48\|g85r2a-hexh}} | {{t\|-46\|g85r2a-nmg8}} | {{t\|-50\|g85r2a-523a}} | {{t\|-50\|g85r2a-jukk}} | {{t\|-193\|g85r2a-dd5v}} | {{t\|-1.5%\|g85r2a-3xuj}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|-18\|g85r2a-2eh4}} | {{t\|-19\|g85r2a-50yp}} | {{t\|-22\|g85r2a-ll9i}} | {{t\|-19\|g85r2a-7gql}} | {{t\|-77\|g85r2a-ee1a}} | {{t\|-17\|g85r2a-ac7p}} | {{t\|-17\|g85r2a-ps0f}} | {{t\|-18\|g85r2a-0nxx}} | {{t\|-18\|g85r2a-hhof}} | {{t\|-71\|g85r2a-i5co}} | {{t\|-8.5%\|g85r2a-u682}} |
| Non-operating items — Other (23) | {{t\|-97\|g85r2a-9rsn}} | {{t\|-51\|g85r2a-1wbp}} | {{t\|113\|g85r2a-jrfb}} | {{t\|-283\|g85r2a-8vzb}} | {{t\|-318\|g85r2a-yd5a}} | {{t\|-56\|g85r2a-kmxq}} | {{t\|-37\|g85r2a-d92t}} | {{t\|-46\|g85r2a-qvn4}} | {{t\|-87\|g85r2a-iog6}} | {{t\|-226\|g85r2a-sane}} | {{t\|-28.9%\|g85r2a-y3oq}} |
| **Non-operating items — Subtotal** | {{t\|-214\|g85r2a-mb86}} | {{t\|-160\|g85r2a-r10y}} | {{t\|-125\|g85r2a-3e93}} | {{t\|-467\|g85r2a-nrv5}} | {{t\|-966\|g85r2a-9yhk}} | {{t\|-250\|g85r2a-pdgh}} | {{t\|-272\|g85r2a-pgcr}} | {{t\|-214\|g85r2a-kpku}} | {{t\|-113\|g85r2a-kwud}} | {{t\|-849\|g85r2a-fr56}} | {{t\|-12.1%\|g85r2a-ije6}} |
| **Non-operating items — Income (loss) before income taxes** | {{t\|1,852\|g85r2a-80sg}} | {{t\|1,755\|g85r2a-6489}} | {{t\|1,844\|g85r2a-nn2x}} | {{t\|1,481\|g85r2a-9hyw}} | {{t\|6,932\|g85r2a-aj5p}} | {{t\|1,920\|g85r2a-bovw}} | {{t\|2,023\|g85r2a-mta2}} | {{t\|2,179\|g85r2a-jc5p}} | {{t\|2,022\|g85r2a-4fgd}} | {{t\|8,144\|g85r2a-a07s}} | {{t\|17.5%\|g85r2a-bknr}} |
| Non-operating items — Income taxes | {{t\|-445\|g85r2a-nrhx}} | {{t\|-415\|g85r2a-npmb}} | {{t\|-430\|g85r2a-w1lq}} | {{t\|-400\|g85r2a-chc1}} | {{t\|-1,691\|g85r2a-d4es}} | {{t\|-567\|g85r2a-my2r}} | {{t\|-568\|g85r2a-uktz}} | {{t\|-471\|g85r2a-7cs1}} | {{t\|-619\|g85r2a-ulio}} | {{t\|-2,225\|g85r2a-oy70}} | {{t\|31.6%\|g85r2a-03s9}} |
| **Non-operating items — Net income (loss)** | {{t\|1,407\|g85r2a-eb6a}} | {{t\|1,340\|g85r2a-yy2b}} | {{t\|1,415\|g85r2a-89zc}} | {{t\|1,080\|g85r2a-pewk}} | {{t\|5,241\|g85r2a-uqlw}} | {{t\|1,352\|g85r2a-tneh}} | {{t\|1,455\|g85r2a-wx2h}} | {{t\|1,708\|g85r2a-226w}} | {{t\|1,403\|g85r2a-gkln}} | {{t\|5,918\|g85r2a-72zn}} | {{t\|12.9%\|g85r2a-anv2}} |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|36\|g85r2a-onxo}} | {{t\|41\|g85r2a-lc4e}} | {{t\|28\|g85r2a-y7b7}} | {{t\|39\|g85r2a-6tp7}} | {{t\|144\|g85r2a-idkv}} | {{t\|44\|g85r2a-ger7}} | {{t\|53\|g85r2a-8los}} | {{t\|64\|g85r2a-x9x0}} | {{t\|54\|g85r2a-kzz2}} | {{t\|215\|g85r2a-zck7}} | {{t\|49.0%\|g85r2a-v6pq}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|1,371\|g85r2a-j7um}} | {{t\|1,299\|g85r2a-qcgw}} | {{t\|1,387\|g85r2a-8seb}} | {{t\|1,041\|g85r2a-j4ty}} | {{t\|5,097\|g85r2a-azwd}} | {{t\|1,309\|g85r2a-u04a}} | {{t\|1,402\|g85r2a-5emi}} | {{t\|1,645\|g85r2a-a7ov}} | {{t\|1,348\|g85r2a-70vw}} | {{t\|5,703\|g85r2a-4a8g}} | {{t\|11.9%\|g85r2a-uu56}} |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|1,852\|g85r2a-reqv}} | {{t\|1,755\|g85r2a-8xx3}} | {{t\|1,844\|g85r2a-q650}} | {{t\|1,481\|g85r2a-5iv6}} | {{t\|6,932\|g85r2a-n1f7}} | {{t\|1,920\|g85r2a-hxwh}} | {{t\|2,023\|g85r2a-jckt}} | {{t\|2,179\|g85r2a-gs4p}} | {{t\|2,022\|g85r2a-dk87}} | {{t\|8,144\|g85r2a-wiyy}} | {{t\|17.5%\|g85r2a-drtm}} |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|-25\|g85r2a-vvyq}} | {{t\|-1\|g85r2a-8fay}} | {{t\|6\|g85r2a-vhyz}} | {{t\|-27\|g85r2a-0wcs}} | {{t\|-47\|g85r2a-bqup}} | {{t\|82\|g85r2a-rdx3}} | {{t\|106\|g85r2a-u5fx}} | {{t\|19\|g85r2a-75g2}} | {{t\|58\|g85r2a-7p0p}} | {{t\|265\|g85r2a-oubw}} | n.m. |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|18\|g85r2a-9ii4}} | {{t\|19\|g85r2a-qbex}} | {{t\|22\|g85r2a-b1hd}} | {{t\|19\|g85r2a-rzju}} | {{t\|77\|g85r2a-ibex}} | {{t\|17\|g85r2a-ksuh}} | {{t\|17\|g85r2a-asth}} | {{t\|18\|g85r2a-g0ya}} | {{t\|18\|g85r2a-nrwa}} | {{t\|71\|g85r2a-63hn}} | {{t\|-8.5%\|g85r2a-x0cw}} |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|1,845\|g85r2a-s2w7}} | {{t\|1,773\|g85r2a-x5zx}} | {{t\|1,872\|g85r2a-9yov}} | {{t\|1,473\|g85r2a-fe6v}} | {{t\|6,962\|g85r2a-4t32}} | {{t\|2,019\|g85r2a-gdi1}} | {{t\|2,147\|g85r2a-97gb}} | {{t\|2,216\|g85r2a-tkkk}} | {{t\|2,098\|g85r2a-7hw8}} | {{t\|8,479\|g85r2a-bxw7}} | {{t\|21.8%\|g85r2a-71m6}} |
| Net income (loss) attributable to: — Income taxes related to core income | {{t\|-448\|g85r2a-ysd0}} | {{t\|-417\|g85r2a-etvw}} | {{t\|-423\|g85r2a-48c5}} | {{t\|-400\|g85r2a-zkin}} | {{t\|-1,688\|g85r2a-t9h8}} | {{t\|-581\|g85r2a-yeho}} | {{t\|-580\|g85r2a-sbmq}} | {{t\|-482\|g85r2a-irq2}} | {{t\|-622\|g85r2a-tvyd}} | {{t\|-2,264\|g85r2a-f8kn}} | {{t\|34.1%\|g85r2a-mvjb}} |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|1,397\|g85r2a-fk5c}} | {{t\|1,356\|g85r2a-p259}} | {{t\|1,449\|g85r2a-t44p}} | {{t\|1,072\|g85r2a-lcf0}} | {{t\|5,274\|g85r2a-aur2}} | {{t\|1,438\|g85r2a-73nx}} | {{t\|1,567\|g85r2a-7mox}} | {{t\|1,734\|g85r2a-21ck}} | {{t\|1,476\|g85r2a-9ptx}} | {{t\|6,215\|g85r2a-zm98}} | {{t\|17.8%\|g85r2a-tyb6}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|1,360\|g85r2a-wxpw}} | {{t\|1,313\|g85r2a-6uya}} | {{t\|1,420\|g85r2a-mzdr}} | {{t\|1,026\|g85r2a-i0dk}} | {{t\|5,119\|g85r2a-2gwp}} | {{t\|1,392\|g85r2a-frkb}} | {{t\|1,511\|g85r2a-5rpl}} | {{t\|1,670\|g85r2a-ckfa}} | {{t\|1,419\|g85r2a-7fg2}} | {{t\|5,991\|g85r2a-z498}} | {{t\|17.0%\|g85r2a-1z7t}} |
| Net income (loss) attributable to: — Loss ratio(25) (in %) | {{t\|67.3\|g85r2a-w3jh}} | {{t\|69.2\|g85r2a-03s3}} | {{t\|69.8\|g85r2a-cjwx}} | {{t\|70.7\|g85r2a-g5fx}} | {{t\|69.3\|g85r2a-976d}} | {{t\|67.7\|g85r2a-r3y4}} | {{t\|67.4\|g85r2a-bm4y}} | {{t\|68.3\|g85r2a-sirk}} | {{t\|69.8\|g85r2a-cfvk}} | {{t\|68.3\|g85r2a-dpj1}} | -1.0%-p |
| Net income (loss) attributable to: — Attritional loss ratio (in %) | {{t\|68.1\|g85r2a-3b1b}} | {{t\|69.6\|g85r2a-k8fd}} | {{t\|69.3\|g85r2a-xhz7}} | {{t\|69.0\|g85r2a-gz3l}} | {{t\|69.0\|g85r2a-t6do}} | {{t\|68.1\|g85r2a-w3z6}} | {{t\|67.9\|g85r2a-j0xu}} | {{t\|68.6\|g85r2a-wagj}} | {{t\|70.5\|g85r2a-qhba}} | {{t\|68.8\|g85r2a-qq17}} | -0.2%-p |
| Net income (loss) attributable to: — thereof: discounting impact (in %) | {{t\|-3.6\|g85r2a-46rc}} | {{t\|-2.8\|g85r2a-e9hs}} | {{t\|-2.4\|g85r2a-n7v3}} | {{t\|-2.4\|g85r2a-mkzc}} | {{t\|-2.8\|g85r2a-rsmt}} | {{t\|-3.4\|g85r2a-n98c}} | {{t\|-2.5\|g85r2a-rcb2}} | {{t\|-1.9\|g85r2a-e9aa}} | {{t\|-2.3\|g85r2a-auv4}} | {{t\|-2.5\|g85r2a-s3bq}} | 0.3%-p |
| Net income (loss) attributable to: — NatCat impact (in %) | {{t\|0.4\|g85r2a-bbo9}} | {{t\|3.5\|g85r2a-vc22}} | {{t\|3.4\|g85r2a-lido}} | {{t\|2.1\|g85r2a-ipwp}} | {{t\|2.4\|g85r2a-3rqk}} | {{t\|2.1\|g85r2a-827y}} | {{t\|1.4\|g85r2a-k86i}} | {{t\|0.3\|g85r2a-39fn}} | {{t\|1.9\|g85r2a-29ti}} | {{t\|1.4\|g85r2a-24vu}} | -0.9%-p |
| Net income (loss) attributable to: — Run-off ratio (in %) | {{t\|-1.2\|g85r2a-46hx}} | {{t\|-3.8\|g85r2a-y121}} | {{t\|-3.0\|g85r2a-zj3b}} | {{t\|-0.4\|g85r2a-ni66}} | {{t\|-2.1\|g85r2a-5mak}} | {{t\|-2.5\|g85r2a-s0yk}} | {{t\|-1.9\|g85r2a-34ef}} | {{t\|-0.6\|g85r2a-n42b}} | {{t\|-2.6\|g85r2a-lrda}} | {{t\|-1.9\|g85r2a-5ybh}} | 0.2%-p |
| **Net income (loss) attributable to: — Expense ratio (in %)** | {{t\|24.6\|g85r2a-ckdc}} | {{t\|24.2\|g85r2a-g0yi}} | {{t\|23.7\|g85r2a-mv7z}} | {{t\|24.1\|g85r2a-rnvr}} | {{t\|24.2\|g85r2a-n8dj}} | {{t\|24.1\|g85r2a-b709}} | {{t\|23.9\|g85r2a-vvq8}} | {{t\|23.6\|g85r2a-uhl0}} | {{t\|23.8\|g85r2a-twl4}} | {{t\|23.9\|g85r2a-xxnm}} | -0.3%-p |
| **Net income (loss) attributable to: — Combined ratio (in %)** | {{t\|91.9\|g85r2a-ax9r}} | {{t\|93.5\|g85r2a-c02o}} | {{t\|93.5\|g85r2a-e3wj}} | {{t\|94.7\|g85r2a-6t5d}} | {{t\|93.4\|g85r2a-65xd}} | {{t\|91.8\|g85r2a-tuzm}} | {{t\|91.2\|g85r2a-zbew}} | {{t\|91.9\|g85r2a-yhvq}} | {{t\|93.6\|g85r2a-8i92}} | {{t\|92.2\|g85r2a-3836}} | -1.3%-p |
| Net income (loss) attributable to: — Core return on equity(26) (in %) | {{t\|13.5\|g85r2a-n09y}} | {{t\|13.5\|g85r2a-aqrl}} | {{t\|13.5\|g85r2a-uufs}} | {{t\|13.5\|g85r2a-j3qp}} | {{t\|13.5\|g85r2a-r7y0}} | {{t\|15.1\|g85r2a-7djx}} | {{t\|15.1\|g85r2a-ql2n}} | {{t\|15.1\|g85r2a-99i9}} | {{t\|15.1\|g85r2a-0kl2}} | {{t\|15.1\|g85r2a-dumz}} | 1.6%-p |
| Net income (loss) attributable to: — Risk adjustment (net of reinsurance) (24) | {{t\|1,472\|g85r2a-ze7v}} | {{t\|1,460\|g85r2a-8kae}} | {{t\|1,501\|g85r2a-360r}} | {{t\|1,499\|g85r2a-xju2}} | {{t\|1,499\|g85r2a-egkn}} | {{t\|1,466\|g85r2a-rpno}} | {{t\|1,446\|g85r2a-97aw}} | {{t\|1,423\|g85r2a-bjt7}} | {{t\|1,442\|g85r2a-zepz}} | {{t\|1,442\|g85r2a-dv4o}} | {{t\|-3.8%\|g85r2a-d46y}} |
(20) Total business volume comprises gross premiums written and fee and commission income.
(21) Net of interest expenses.
(22) Other comprises realized gains/losses, investment expenses, F/X gains/losses on insurance assets/liabilities and other.
(23) Including hyperinflation result.
(25) Reinsurance ratio: 3.8% in 4Q 25 (4Q 24: 1.9%), 3.8% in 12M 25 (12M 24: 3.9%).
(26) For current year periods and prior year periods, the core return on equity for the respective full year is shown.
(24) Refers to liability of incurred claims (LIC), not directly related to the loss ratio." |
|---|
|
| id | "g85r2a-c10" |
|---|
| chunk | 10 |
|---|
| pages | |
|---|
| heading | "P&C by Region YTD" |
|---|
| tags | |
|---|
| links | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| content | "**Property-Casualty key performance indicators by region, year to date. (Internal growth (28))**
| In EUR million | Total business volume (27) 12M 24 EUR mn | Total business volume (27) 12M 25 EUR mn | Total business volume (27) 12M 25 % | Operating {{t\|insurance revenue\|\|Insurance revenue}} 12M 24 EUR mn | Operating {{t\|insurance revenue\|\|Insurance revenue}} 12M 25 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 12M 24 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 12M 25 EUR mn | Combined ratio 12M 24 % | Combined ratio 12M 25 % | Loss ratio 12M 24 % | Loss ratio 12M 25 % | Expense ratio 12M 24 % | Expense ratio 12M 25 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany | {{t\|13,399\|g85r2a-gzhh}} | {{t\|14,134\|g85r2a-1iw4}} | {{t\|9.8\|g85r2a-fq22}} | {{t\|12,596\|g85r2a-r8zj}} | {{t\|13,598\|g85r2a-rzyc}} | {{t\|1,376\|g85r2a-8suy}} | {{t\|1,899\|g85r2a-eu6b}} | {{t\|93.0\|g85r2a-zpi4}} | {{t\|88.9\|g85r2a-4qex}} | {{t\|68.6\|g85r2a-zrhe}} | {{t\|65.0\|g85r2a-fyk4}} | {{t\|24.5\|g85r2a-k0lz}} | {{t\|24.0\|g85r2a-1bkg}} |
| Switzerland | {{t\|2,214\|g85r2a-fk13}} | {{t\|2,342\|g85r2a-cjux}} | {{t\|3.8\|g85r2a-u8f9}} | {{t\|2,182\|g85r2a-z28o}} | {{t\|2,297\|g85r2a-9qoa}} | {{t\|293\|g85r2a-nogu}} | {{t\|289\|g85r2a-gnyj}} | {{t\|90.0\|g85r2a-hq4z}} | {{t\|89.8\|g85r2a-a8xk}} | {{t\|67.3\|g85r2a-7ysq}} | {{t\|66.9\|g85r2a-e2ie}} | {{t\|22.7\|g85r2a-tt0s}} | {{t\|22.9\|g85r2a-9noo}} |
| Central Europe | {{t\|4,570\|g85r2a-yl71}} | {{t\|4,623\|g85r2a-5qz8}} | {{t\|4.5\|g85r2a-uz4j}} | {{t\|4,414\|g85r2a-euuu}} | {{t\|4,505\|g85r2a-jyez}} | {{t\|565\|g85r2a-29ut}} | {{t\|583\|g85r2a-ynq0}} | {{t\|89.6\|g85r2a-s3rx}} | {{t\|89.5\|g85r2a-jqhs}} | {{t\|63.3\|g85r2a-rbgk}} | {{t\|62.5\|g85r2a-gxg5}} | {{t\|26.3\|g85r2a-v88x}} | {{t\|27.0\|g85r2a-r3v3}} |
| **German Speaking Countries and Central Europe** | {{t\|20,182\|g85r2a-05l0}} | {{t\|21,099\|g85r2a-jjya}} | {{t\|7.9\|g85r2a-ybb6}} | {{t\|19,192\|g85r2a-mq5n}} | {{t\|20,399\|g85r2a-8pn4}} | {{t\|2,234\|g85r2a-olie}} | {{t\|2,771\|g85r2a-t6sg}} | {{t\|91.9\|g85r2a-hxlo}} | {{t\|89.2\|g85r2a-abu7}} | {{t\|67.2\|g85r2a-ttwq}} | {{t\|64.6\|g85r2a-3ky4}} | {{t\|24.7\|g85r2a-6e4u}} | {{t\|24.5\|g85r2a-v8jp}} |
| Italy | {{t\|5,481\|g85r2a-mmxe}} | {{t\|5,682\|g85r2a-wjgg}} | {{t\|3.7\|g85r2a-amvz}} | {{t\|5,285\|g85r2a-jf7v}} | {{t\|5,449\|g85r2a-8d51}} | {{t\|652\|g85r2a-obeu}} | {{t\|705\|g85r2a-g1sh}} | {{t\|90.8\|g85r2a-v8ch}} | {{t\|90.8\|g85r2a-wlwv}} | {{t\|63.5\|g85r2a-wl1s}} | {{t\|63.8\|g85r2a-86aq}} | {{t\|27.3\|g85r2a-hoy1}} | {{t\|27.0\|g85r2a-dr6i}} |
| France | {{t\|5,107\|g85r2a-8gxl}} | {{t\|5,456\|g85r2a-bby1}} | {{t\|6.8\|g85r2a-chll}} | {{t\|5,019\|g85r2a-ggkr}} | {{t\|5,342\|g85r2a-oabw}} | {{t\|527\|g85r2a-reo9}} | {{t\|517\|g85r2a-nm4a}} | {{t\|93.6\|g85r2a-mvvz}} | {{t\|94.0\|g85r2a-5m2h}} | {{t\|70.2\|g85r2a-2u0t}} | {{t\|70.7\|g85r2a-hw9i}} | {{t\|23.4\|g85r2a-2ern}} | {{t\|23.3\|g85r2a-bogt}} |
| Benelux | {{t\|1,486\|g85r2a-tgol}} | {{t\|1,540\|g85r2a-ze1h}} | {{t\|3.6\|g85r2a-axk1}} | {{t\|1,483\|g85r2a-p0pu}} | {{t\|1,544\|g85r2a-43fe}} | {{t\|150\|g85r2a-4dzv}} | {{t\|156\|g85r2a-khn6}} | {{t\|93.6\|g85r2a-616c}} | {{t\|94.3\|g85r2a-0tx7}} | {{t\|66.5\|g85r2a-egtp}} | {{t\|67.3\|g85r2a-f79t}} | {{t\|27.1\|g85r2a-9qcy}} | {{t\|27.0\|g85r2a-1fnv}} |
| Türkiye | {{t\|2,224\|g85r2a-omfb}} | {{t\|2,264\|g85r2a-tmnv}} | {{t\|40.2\|g85r2a-iotk}} | {{t\|1,714\|g85r2a-ea89}} | {{t\|1,905\|g85r2a-58bg}} | {{t\|385\|g85r2a-safx}} | {{t\|477\|g85r2a-cpco}} | {{t\|103.0\|g85r2a-faa0}} | {{t\|99.4\|g85r2a-9bsg}} | {{t\|83.5\|g85r2a-j3w3}} | {{t\|79.9\|g85r2a-3ssv}} | {{t\|19.5\|g85r2a-k0oi}} | {{t\|19.5\|g85r2a-25pb}} |
| Greece | {{t\|299\|g85r2a-jql8}} | {{t\|283\|g85r2a-kuym}} | {{t\|-5.4\|g85r2a-c7ri}} | {{t\|272\|g85r2a-0d3q}} | {{t\|286\|g85r2a-mbwn}} | {{t\|24\|g85r2a-gxek}} | {{t\|19\|g85r2a-f7kj}} | {{t\|94.7\|g85r2a-dk7c}} | {{t\|96.4\|g85r2a-6q7v}} | {{t\|63.0\|g85r2a-ohor}} | {{t\|64.1\|g85r2a-p8ce}} | {{t\|31.7\|g85r2a-j5c2}} | {{t\|32.3\|g85r2a-rsk2}} |
| Allianz Partners | {{t\|10,076\|g85r2a-byqz}} | {{t\|10,587\|g85r2a-5gju}} | {{t\|7.2\|g85r2a-z57i}} | {{t\|7,138\|g85r2a-mg9l}} | {{t\|7,638\|g85r2a-8feg}} | {{t\|333\|g85r2a-tu6v}} | {{t\|402\|g85r2a-v7ga}} | {{t\|97.1\|g85r2a-t99n}} | {{t\|96.7\|g85r2a-0mla}} | {{t\|69.9\|g85r2a-1ify}} | {{t\|69.7\|g85r2a-kc6d}} | {{t\|27.1\|g85r2a-27nn}} | {{t\|26.9\|g85r2a-t7v0}} |
| Allianz Direct | {{t\|1,253\|g85r2a-e96l}} | {{t\|1,542\|g85r2a-jccc}} | {{t\|19.8\|g85r2a-dilg}} | {{t\|1,079\|g85r2a-rfcd}} | {{t\|1,482\|g85r2a-88ek}} | {{t\|50\|g85r2a-yqnr}} | {{t\|75\|g85r2a-2mn1}} | {{t\|97.4\|g85r2a-6i4i}} | {{t\|95.5\|g85r2a-5jl3}} | {{t\|81.6\|g85r2a-fof6}} | {{t\|80.7\|g85r2a-5vzc}} | {{t\|15.7\|g85r2a-5fca}} | {{t\|14.8\|g85r2a-bb9j}} |
| **Western & Southern Europe, Allianz Direct and Allianz Partners** | {{t\|25,926\|g85r2a-wvbn}} | {{t\|27,354\|g85r2a-9ul5}} | {{t\|9.4\|g85r2a-yntq}} | {{t\|21,991\|g85r2a-qqbk}} | {{t\|23,645\|g85r2a-ywtj}} | {{t\|2,122\|g85r2a-wc7l}} | {{t\|2,350\|g85r2a-ic6f}} | {{t\|95.0\|g85r2a-qdbj}} | {{t\|94.7\|g85r2a-cd4m}} | {{t\|69.7\|g85r2a-uz4l}} | {{t\|69.9\|g85r2a-fjm4}} | {{t\|25.2\|g85r2a-ne65}} | {{t\|24.8\|g85r2a-fzv8}} |
| Australia | {{t\|5,040\|g85r2a-wu6f}} | {{t\|5,179\|g85r2a-r3ok}} | {{t\|6.1\|g85r2a-beqw}} | {{t\|4,679\|g85r2a-sd9b}} | {{t\|4,850\|g85r2a-2ga6}} | {{t\|514\|g85r2a-2joa}} | {{t\|350\|g85r2a-j0kx}} | {{t\|91.2\|g85r2a-tgrm}} | {{t\|95.4\|g85r2a-gptg}} | {{t\|68.7\|g85r2a-4h3i}} | {{t\|73.6\|g85r2a-8irj}} | {{t\|22.5\|g85r2a-cq00}} | {{t\|21.8\|g85r2a-c7ql}} |
| Asia Pacific other | {{t\|2,013\|g85r2a-tnyp}} | {{t\|2,166\|g85r2a-w63c}} | {{t\|9.7\|g85r2a-ghzp}} | {{t\|1,969\|g85r2a-fl1m}} | {{t\|2,123\|g85r2a-2gg8}} | {{t\|175\|g85r2a-m7iq}} | {{t\|170\|g85r2a-aaiv}} | {{t\|97.7\|g85r2a-y70r}} | {{t\|96.5\|g85r2a-tem3}} | {{t\|67.1\|g85r2a-hpwi}} | {{t\|66.4\|g85r2a-ndps}} | {{t\|30.6\|g85r2a-lakb}} | {{t\|30.1\|g85r2a-18oq}} |
| **Asia Pacific** | {{t\|7,053\|g85r2a-1jni}} | {{t\|7,345\|g85r2a-7e30}} | {{t\|7.1\|g85r2a-nycq}} | {{t\|6,648\|g85r2a-nljm}} | {{t\|6,974\|g85r2a-x9fx}} | {{t\|689\|g85r2a-z5bv}} | {{t\|520\|g85r2a-1x9u}} | {{t\|93.1\|g85r2a-fbhd}} | {{t\|95.7\|g85r2a-fjy9}} | {{t\|68.3\|g85r2a-sn07}} | {{t\|71.4\|g85r2a-e7k5}} | {{t\|24.9\|g85r2a-3s7d}} | {{t\|24.3\|g85r2a-liys}} |
| AGCS | {{t\|12,141\|g85r2a-xg3g}} | {{t\|12,053\|g85r2a-k54e}} | {{t\|3.5\|g85r2a-kp4p}} | {{t\|11,222\|g85r2a-sk6c}} | {{t\|10,667\|g85r2a-m9jg}} | {{t\|825\|g85r2a-f499}} | {{t\|780\|g85r2a-or7p}} | {{t\|95.6\|g85r2a-ldeh}} | {{t\|95.5\|g85r2a-y8o0}} | {{t\|76.4\|g85r2a-bnf5}} | {{t\|76.4\|g85r2a-491b}} | {{t\|19.2\|g85r2a-b6ok}} | {{t\|19.1\|g85r2a-4la5}} |
| thereof: AGCS excluding fronting & captives (29) | {{t\|7,880\|g85r2a-475v}} | {{t\|7,788\|g85r2a-0chr}} | {{t\|7.8\|g85r2a-h3gu}} | {{t\|7,026\|g85r2a-yfqt}} | {{t\|6,588\|g85r2a-b8ds}} | {{t\|825\|g85r2a-e5sg}} | {{t\|780\|g85r2a-eipy}} | {{t\|92.9\|g85r2a-t1sk}} | {{t\|92.7\|g85r2a-za77}} | {{t\|70.9\|g85r2a-uwva}} | {{t\|68.9\|g85r2a-0403}} | {{t\|22.0\|g85r2a-kudy}} | {{t\|23.8\|g85r2a-29dn}} |
| Reinsurance P/C and Other | {{t\|5,739\|g85r2a-71hj}} | {{t\|6,426\|g85r2a-tbm4}} | {{t\|14.9\|g85r2a-bbeo}} | {{t\|3,620\|g85r2a-3zxe}} | {{t\|4,006\|g85r2a-jtw3}} | {{t\|191\|g85r2a-k2vf}} | {{t\|539\|g85r2a-gq1p}} | {{t\|97.3\|g85r2a-2up9}} | {{t\|88.1\|g85r2a-ay05}} | {{t\|94.0\|g85r2a-iblj}} | {{t\|84.6\|g85r2a-u210}} | {{t\|3.3\|g85r2a-n55c}} | {{t\|3.5\|g85r2a-49er}} |
| Allianz Trade | {{t\|3,966\|g85r2a-s1px}} | {{t\|4,004\|g85r2a-xouf}} | {{t\|2.1\|g85r2a-mab5}} | {{t\|3,242\|g85r2a-ubz4}} | {{t\|3,216\|g85r2a-n9af}} | {{t\|668\|g85r2a-klal}} | {{t\|700\|g85r2a-1lqc}} | {{t\|82.9\|g85r2a-nfhn}} | {{t\|81.7\|g85r2a-wad4}} | {{t\|55.8\|g85r2a-lmux}} | {{t\|54.7\|g85r2a-4ewy}} | {{t\|27.1\|g85r2a-g4vf}} | {{t\|27.0\|g85r2a-oao7}} |
| United Kingdom | {{t\|5,506\|g85r2a-52dk}} | {{t\|5,421\|g85r2a-83ct}} | {{t\|-0.3\|g85r2a-1u4z}} | {{t\|5,235\|g85r2a-09up}} | {{t\|5,264\|g85r2a-3vsi}} | {{t\|434\|g85r2a-so8r}} | {{t\|556\|g85r2a-mz9z}} | {{t\|95.0\|g85r2a-zhgq}} | {{t\|93.0\|g85r2a-ps28}} | {{t\|71.7\|g85r2a-m909}} | {{t\|70.0\|g85r2a-3trg}} | {{t\|23.2\|g85r2a-cuka}} | {{t\|22.9\|g85r2a-ur6s}} |
| Ireland | {{t\|801\|g85r2a-ebbc}} | {{t\|877\|g85r2a-e38h}} | {{t\|9.5\|g85r2a-3y9y}} | {{t\|747\|g85r2a-6lc8}} | {{t\|838\|g85r2a-j8i0}} | {{t\|127\|g85r2a-z24t}} | {{t\|127\|g85r2a-39ec}} | {{t\|86.4\|g85r2a-9cn1}} | {{t\|87.5\|g85r2a-jwq5}} | {{t\|62.5\|g85r2a-71ng}} | {{t\|64.1\|g85r2a-03vs}} | {{t\|23.8\|g85r2a-4u3g}} | {{t\|23.3\|g85r2a-c69n}} |
| Spain | {{t\|3,114\|g85r2a-uxqu}} | {{t\|3,371\|g85r2a-x7rd}} | {{t\|8.3\|g85r2a-wjvk}} | {{t\|2,969\|g85r2a-3emf}} | {{t\|3,247\|g85r2a-o9gg}} | {{t\|163\|g85r2a-bxm0}} | {{t\|168\|g85r2a-d4hb}} | {{t\|96.5\|g85r2a-mf3e}} | {{t\|96.4\|g85r2a-eqpy}} | {{t\|74.1\|g85r2a-lwwo}} | {{t\|74.2\|g85r2a-00cc}} | {{t\|22.4\|g85r2a-qn2f}} | {{t\|22.2\|g85r2a-7bdo}} |
| Portugal | {{t\|607\|g85r2a-38s5}} | {{t\|699\|g85r2a-dsfw}} | {{t\|15.2\|g85r2a-2r6k}} | {{t\|585\|g85r2a-kie3}} | {{t\|672\|g85r2a-read}} | {{t\|60\|g85r2a-j0kk}} | {{t\|68\|g85r2a-ivft}} | {{t\|90.5\|g85r2a-t8mt}} | {{t\|90.8\|g85r2a-fvbw}} | {{t\|68.4\|g85r2a-nwdl}} | {{t\|69.0\|g85r2a-3zav}} | {{t\|22.2\|g85r2a-rlph}} | {{t\|21.9\|g85r2a-zel1}} |
| Latin America | {{t\|2,984\|g85r2a-c4ft}} | {{t\|3,187\|g85r2a-4uz5}} | {{t\|18.1\|g85r2a-21s6}} | {{t\|2,839\|g85r2a-cyu2}} | {{t\|2,969\|g85r2a-fr4r}} | {{t\|328\|g85r2a-hoyf}} | {{t\|321\|g85r2a-z9f6}} | {{t\|96.1\|g85r2a-g81u}} | {{t\|93.9\|g85r2a-zpy6}} | {{t\|70.5\|g85r2a-13rz}} | {{t\|68.4\|g85r2a-3fuo}} | {{t\|25.6\|g85r2a-jnmx}} | {{t\|25.4\|g85r2a-krca}} |
| Africa | n.m. | n.m. | n.m. | n.m. | n.m. | {{t\|45\|g85r2a-ts5m}} | {{t\|93\|g85r2a-kl9m}} | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| Middle East | {{t\|36\|g85r2a-lcl6}} | n.m. | n.m. | {{t\|56\|g85r2a-ejer}} | n.m. | n.m. | n.m. | {{t\|101.9\|g85r2a-3abt}} | n.m. | {{t\|81.8\|g85r2a-a1aj}} | n.m. | {{t\|20.2\|g85r2a-1hr5}} | n.m. |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|34,894\|g85r2a-78a8}} | {{t\|36,039\|g85r2a-qoip}} | {{t\|6.7\|g85r2a-9042}} | {{t\|30,516\|g85r2a-buie}} | {{t\|30,879\|g85r2a-i92h}} | {{t\|2,841\|g85r2a-dw56}} | {{t\|3,351\|g85r2a-0eid}} | {{t\|94.2\|g85r2a-r6q9}} | {{t\|92.3\|g85r2a-atfe}} | {{t\|74.2\|g85r2a-2dl2}} | {{t\|72.6\|g85r2a-f1hh}} | {{t\|19.9\|g85r2a-j52y}} | {{t\|19.7\|g85r2a-az2j}} |
| Consolidation (30) | {{t\|-5,173\|g85r2a-i4g4}} | {{t\|-5,096\|g85r2a-bo9u}} | n.m. | {{t\|-3,728\|g85r2a-cdke}} | {{t\|-3,734\|g85r2a-jsct}} | {{t\|12\|g85r2a-5zf6}} | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| **Total** | {{t\|82,883\|g85r2a-rqte}} | {{t\|86,741\|g85r2a-ng9z}} | {{t\|8.2\|g85r2a-o293}} | {{t\|74,619\|g85r2a-gkli}} | {{t\|78,164\|g85r2a-moha}} | {{t\|7,898\|g85r2a-kxyk}} | {{t\|8,992\|g85r2a-xj9k}} | {{t\|93.4\|g85r2a-wepa}} | {{t\|92.2\|g85r2a-7dmk}} | {{t\|69.3\|g85r2a-ghsx}} | {{t\|68.3\|g85r2a-tq5t}} | {{t\|24.2\|g85r2a-u6em}} | {{t\|23.9\|g85r2a-maa1}} |
(27) Total business volume comprises gross premiums written and fee and commission income.
(28) This reflects the growth of total business volume on an internal basis, adjusted for foreign currency translation and (de-)consolidation effects.
(29) Internal growth exlcudes Arch transaction.
(30) Represents elimination of transactions between Allianz Group entities in different geographic regions." |
|---|
|
| id | "g85r2a-c11" |
|---|
| chunk | 11 |
|---|
| pages | |
|---|
| heading | "P&C by Region QTD" |
|---|
| tags | |
|---|
| links | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| content | "**Property-Casualty key performance indicators by region, quarter to date. (Internal growth (32))**
| In EUR million | Total business volume (31) 4Q 24 EUR mn | Total business volume (31) 4Q 25 EUR mn | Total business volume (31) 4Q 25 % | Operating {{t\|insurance revenue\|\|Insurance revenue}} 4Q 24 EUR mn | Operating {{t\|insurance revenue\|\|Insurance revenue}} 4Q 25 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 4Q 24 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 4Q 25 EUR mn | Combined ratio 4Q 24 % | Combined ratio 4Q 25 % | Loss ratio 4Q 24 % | Loss ratio 4Q 25 % | Expense ratio 4Q 24 % | Expense ratio 4Q 25 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany | {{t\|2,614\|g85r2a-oa00}} | {{t\|2,759\|g85r2a-n77e}} | {{t\|11.8\|g85r2a-vvug}} | {{t\|3,215\|g85r2a-v2s5}} | {{t\|3,469\|g85r2a-cg7o}} | {{t\|442\|g85r2a-5dex}} | {{t\|365\|g85r2a-u0pt}} | {{t\|90.4\|g85r2a-5m1s}} | {{t\|93.3\|g85r2a-1joq}} | {{t\|65.3\|g85r2a-p3pq}} | {{t\|67.7\|g85r2a-85jr}} | {{t\|25.1\|g85r2a-miev}} | {{t\|25.6\|g85r2a-5w6a}} |
| Switzerland | {{t\|251\|g85r2a-ht1t}} | {{t\|300\|g85r2a-1buw}} | {{t\|11.8\|g85r2a-vqqx}} | {{t\|547\|g85r2a-eqoi}} | {{t\|586\|g85r2a-2ekl}} | {{t\|56\|g85r2a-mwqz}} | {{t\|96\|g85r2a-ehp9}} | {{t\|93.2\|g85r2a-8u02}} | {{t\|85.1\|g85r2a-ziwn}} | {{t\|70.0\|g85r2a-o210}} | {{t\|61.0\|g85r2a-fj86}} | {{t\|23.1\|g85r2a-eyua}} | {{t\|24.1\|g85r2a-b9ox}} |
| Central Europe | {{t\|1,083\|g85r2a-ow5m}} | {{t\|1,108\|g85r2a-szb7}} | {{t\|5.2\|g85r2a-q42y}} | {{t\|1,123\|g85r2a-w3nr}} | {{t\|1,148\|g85r2a-oged}} | {{t\|174\|g85r2a-sq8h}} | {{t\|172\|g85r2a-tbv6}} | {{t\|87.3\|g85r2a-niex}} | {{t\|88.8\|g85r2a-yl1j}} | {{t\|60.4\|g85r2a-tj98}} | {{t\|61.9\|g85r2a-4thj}} | {{t\|26.9\|g85r2a-2dvb}} | {{t\|26.9\|g85r2a-pa9j}} |
| **German Speaking Countries and Central Europe** | {{t\|3,948\|g85r2a-qdwz}} | {{t\|4,168\|g85r2a-arch}} | {{t\|10.0\|g85r2a-7g2v}} | {{t\|4,885\|g85r2a-rni0}} | {{t\|5,203\|g85r2a-c6kj}} | {{t\|672\|g85r2a-kvwg}} | {{t\|632\|g85r2a-jn8v}} | {{t\|90.0\|g85r2a-iekk}} | {{t\|91.4\|g85r2a-8sw3}} | {{t\|64.7\|g85r2a-vhy9}} | {{t\|65.7\|g85r2a-h9vy}} | {{t\|25.3\|g85r2a-u3tl}} | {{t\|25.7\|g85r2a-j2gt}} |
| Italy | {{t\|1,658\|g85r2a-3u3e}} | {{t\|1,735\|g85r2a-lat8}} | {{t\|4.7\|g85r2a-l6n4}} | {{t\|1,376\|g85r2a-3kq6}} | {{t\|1,413\|g85r2a-a3iy}} | {{t\|162\|g85r2a-n6ro}} | {{t\|198\|g85r2a-ivw5}} | {{t\|92.4\|g85r2a-ac3s}} | {{t\|90.4\|g85r2a-hhxf}} | {{t\|64.5\|g85r2a-jojj}} | {{t\|64.1\|g85r2a-xswi}} | {{t\|27.9\|g85r2a-5463}} | {{t\|26.3\|g85r2a-tgl1}} |
| France | {{t\|1,147\|g85r2a-wp3p}} | {{t\|1,214\|g85r2a-wfh2}} | {{t\|5.8\|g85r2a-rxdd}} | {{t\|1,298\|g85r2a-x1rq}} | {{t\|1,376\|g85r2a-cov3}} | {{t\|96\|g85r2a-qzym}} | {{t\|141\|g85r2a-cunt}} | {{t\|98.8\|g85r2a-878g}} | {{t\|94.4\|g85r2a-oxqp}} | {{t\|75.5\|g85r2a-lug2}} | {{t\|71.1\|g85r2a-l91u}} | {{t\|23.3\|g85r2a-cy1c}} | {{t\|23.3\|g85r2a-zx7o}} |
| Benelux | {{t\|287\|g85r2a-z99d}} | {{t\|295\|g85r2a-d4ad}} | {{t\|2.9\|g85r2a-8wjp}} | {{t\|378\|g85r2a-sjq3}} | {{t\|391\|g85r2a-nzba}} | {{t\|29\|g85r2a-zka2}} | {{t\|58\|g85r2a-ypxo}} | {{t\|93.3\|g85r2a-bwuc}} | {{t\|89.8\|g85r2a-73qc}} | {{t\|65.1\|g85r2a-ifc4}} | {{t\|61.4\|g85r2a-czit}} | {{t\|28.2\|g85r2a-bwba}} | {{t\|28.4\|g85r2a-vll0}} |
| Türkiye | {{t\|788\|g85r2a-r3yd}} | {{t\|672\|g85r2a-8526}} | {{t\|17.5\|g85r2a-48p0}} | {{t\|552\|g85r2a-zyb2}} | {{t\|485\|g85r2a-jq2t}} | {{t\|114\|g85r2a-f3uh}} | {{t\|114\|g85r2a-1r4w}} | {{t\|107.1\|g85r2a-ifbn}} | {{t\|101.6\|g85r2a-l71w}} | {{t\|88.1\|g85r2a-koo4}} | {{t\|82.1\|g85r2a-3fj2}} | {{t\|19.0\|g85r2a-2dw0}} | {{t\|19.5\|g85r2a-higf}} |
| Greece | {{t\|86\|g85r2a-2n4f}} | {{t\|74\|g85r2a-nuxu}} | {{t\|-14.3\|g85r2a-tjfi}} | {{t\|70\|g85r2a-i7c8}} | {{t\|73\|g85r2a-ixqe}} | {{t\|7\|g85r2a-wkxn}} | {{t\|8\|g85r2a-mvvu}} | {{t\|94.6\|g85r2a-nkgf}} | {{t\|91.1\|g85r2a-89b5}} | {{t\|64.2\|g85r2a-x08g}} | {{t\|59.1\|g85r2a-vu5z}} | {{t\|30.4\|g85r2a-tnlv}} | {{t\|32.0\|g85r2a-hwow}} |
| Allianz Partners | {{t\|2,321\|g85r2a-pjqc}} | {{t\|2,291\|g85r2a-m6c4}} | {{t\|3.5\|g85r2a-h978}} | {{t\|1,882\|g85r2a-rdj0}} | {{t\|1,880\|g85r2a-nh36}} | {{t\|70\|g85r2a-u9gc}} | {{t\|102\|g85r2a-4ed7}} | {{t\|99.2\|g85r2a-xpbt}} | {{t\|97.2\|g85r2a-gp1b}} | {{t\|73.2\|g85r2a-3zdg}} | {{t\|70.2\|g85r2a-gqn7}} | {{t\|26.0\|g85r2a-9lzh}} | {{t\|27.1\|g85r2a-1ya9}} |
| Allianz Direct | {{t\|312\|g85r2a-0he8}} | {{t\|377\|g85r2a-b9nb}} | {{t\|16.1\|g85r2a-pj0x}} | {{t\|276\|g85r2a-hus5}} | {{t\|389\|g85r2a-w2v1}} | {{t\|30\|g85r2a-oqet}} | {{t\|20\|g85r2a-b0i3}} | {{t\|93.5\|g85r2a-k2vl}} | {{t\|95.8\|g85r2a-2o7t}} | {{t\|77.3\|g85r2a-rsq5}} | {{t\|85.3\|g85r2a-qu3i}} | {{t\|16.2\|g85r2a-86u0}} | {{t\|10.5\|g85r2a-vmxc}} |
| **Western & Southern Europe, Allianz Direct and Allianz Partners** | {{t\|6,600\|g85r2a-e920}} | {{t\|6,658\|g85r2a-yxea}} | {{t\|6.2\|g85r2a-3n06}} | {{t\|5,834\|g85r2a-pbca}} | {{t\|6,007\|g85r2a-o57p}} | {{t\|508\|g85r2a-jwmi}} | {{t\|641\|g85r2a-cm48}} | {{t\|97.5\|g85r2a-u5ao}} | {{t\|94.7\|g85r2a-nmvo}} | {{t\|72.6\|g85r2a-d78w}} | {{t\|70.2\|g85r2a-ns3g}} | {{t\|24.9\|g85r2a-ehac}} | {{t\|24.5\|g85r2a-k1j3}} |
| Australia | {{t\|1,263\|g85r2a-4vzw}} | {{t\|1,314\|g85r2a-wzsx}} | {{t\|4.0\|g85r2a-yga3}} | {{t\|1,241\|g85r2a-tcur}} | {{t\|1,310\|g85r2a-npsk}} | {{t\|108\|g85r2a-e7o0}} | {{t\|-100\|g85r2a-m3s1}} | {{t\|93.5\|g85r2a-pyfc}} | {{t\|112.2\|g85r2a-vmys}} | {{t\|70.4\|g85r2a-mv6v}} | {{t\|91.1\|g85r2a-xoyy}} | {{t\|23.1\|g85r2a-344m}} | {{t\|21.1\|g85r2a-00n9}} |
| Asia Pacific other | {{t\|522\|g85r2a-390z}} | {{t\|519\|g85r2a-pr39}} | {{t\|6.5\|g85r2a-og0s}} | {{t\|567\|g85r2a-hr5x}} | {{t\|557\|g85r2a-sa94}} | {{t\|46\|g85r2a-d6k2}} | {{t\|38\|g85r2a-jnjm}} | {{t\|98.9\|g85r2a-vp4h}} | {{t\|97.3\|g85r2a-cngw}} | {{t\|64.6\|g85r2a-up58}} | {{t\|65.5\|g85r2a-xybl}} | {{t\|34.3\|g85r2a-2rl8}} | {{t\|31.8\|g85r2a-or2q}} |
| **Asia Pacific** | {{t\|1,786\|g85r2a-rcc5}} | {{t\|1,832\|g85r2a-u6dp}} | {{t\|4.7\|g85r2a-efez}} | {{t\|1,807\|g85r2a-hay9}} | {{t\|1,867\|g85r2a-p69f}} | {{t\|155\|g85r2a-lp2x}} | {{t\|-62\|g85r2a-0up6}} | {{t\|95.2\|g85r2a-j34e}} | {{t\|107.7\|g85r2a-hywp}} | {{t\|68.6\|g85r2a-ivs5}} | {{t\|83.4\|g85r2a-4mw7}} | {{t\|26.6\|g85r2a-k2tz}} | {{t\|24.3\|g85r2a-ul5w}} |
| AGCS | {{t\|2,912\|g85r2a-72vp}} | {{t\|2,786\|g85r2a-aycp}} | {{t\|4.4\|g85r2a-0som}} | {{t\|3,078\|g85r2a-qm7w}} | {{t\|2,812\|g85r2a-z1so}} | {{t\|148\|g85r2a-xe4x}} | {{t\|189\|g85r2a-8now}} | {{t\|98.0\|g85r2a-vemk}} | {{t\|96.2\|g85r2a-r92i}} | {{t\|80.5\|g85r2a-ci15}} | {{t\|77.7\|g85r2a-fb20}} | {{t\|17.5\|g85r2a-3ktf}} | {{t\|18.5\|g85r2a-z2s0}} |
| thereof: AGCS excluding fronting & captives (33) | {{t\|1,765\|g85r2a-dboi}} | {{t\|1,947\|g85r2a-qcny}} | {{t\|9.4\|g85r2a-4h51}} | {{t\|1,611\|g85r2a-vfpm}} | {{t\|1,747\|g85r2a-ep70}} | {{t\|148\|g85r2a-9o81}} | {{t\|189\|g85r2a-oivz}} | {{t\|96.3\|g85r2a-cfh7}} | {{t\|93.9\|g85r2a-ctv8}} | {{t\|75.0\|g85r2a-w9mw}} | {{t\|69.3\|g85r2a-n6x4}} | {{t\|21.2\|g85r2a-v9kx}} | {{t\|24.6\|g85r2a-d2d5}} |
| Reinsurance P/C and Other | {{t\|1,147\|g85r2a-5t23}} | {{t\|1,114\|g85r2a-jtjy}} | {{t\|4.1\|g85r2a-nfaf}} | {{t\|1,012\|g85r2a-kk29}} | {{t\|1,024\|g85r2a-gfmw}} | {{t\|55\|g85r2a-8uei}} | {{t\|181\|g85r2a-d2fw}} | {{t\|97.9\|g85r2a-r551}} | {{t\|84.8\|g85r2a-69ct}} | {{t\|94.7\|g85r2a-s8ct}} | {{t\|81.0\|g85r2a-qn5h}} | {{t\|3.2\|g85r2a-j8n8}} | {{t\|3.8\|g85r2a-ea6t}} |
| Allianz Trade | {{t\|910\|g85r2a-hert}} | {{t\|879\|g85r2a-8r7j}} | {{t\|-1.2\|g85r2a-4c43}} | {{t\|815\|g85r2a-w1qv}} | {{t\|793\|g85r2a-anz1}} | {{t\|146\|g85r2a-063v}} | {{t\|184\|g85r2a-pfhl}} | {{t\|85.3\|g85r2a-xbzr}} | {{t\|80.5\|g85r2a-fsed}} | {{t\|58.4\|g85r2a-l313}} | {{t\|53.2\|g85r2a-f2o6}} | {{t\|26.9\|g85r2a-wcd1}} | {{t\|27.3\|g85r2a-c293}} |
| United Kingdom | {{t\|1,331\|g85r2a-hhsv}} | {{t\|1,289\|g85r2a-mwwl}} | {{t\|1.8\|g85r2a-gszw}} | {{t\|1,358\|g85r2a-kyqy}} | {{t\|1,290\|g85r2a-xq3u}} | {{t\|95\|g85r2a-k2tt}} | {{t\|123\|g85r2a-2u3v}} | {{t\|97.4\|g85r2a-5e69}} | {{t\|94.7\|g85r2a-6v73}} | {{t\|72.3\|g85r2a-j0hs}} | {{t\|70.2\|g85r2a-b86u}} | {{t\|25.2\|g85r2a-osl7}} | {{t\|24.5\|g85r2a-ukus}} |
| Ireland | {{t\|188\|g85r2a-92xo}} | {{t\|202\|g85r2a-hj9r}} | {{t\|7.9\|g85r2a-jx72}} | {{t\|199\|g85r2a-75pu}} | {{t\|217\|g85r2a-lhp3}} | {{t\|25\|g85r2a-i8mi}} | {{t\|33\|g85r2a-yl02}} | {{t\|91.4\|g85r2a-8r0d}} | {{t\|88.3\|g85r2a-ajlv}} | {{t\|67.1\|g85r2a-5gqp}} | {{t\|64.5\|g85r2a-972u}} | {{t\|24.2\|g85r2a-8wpt}} | {{t\|23.8\|g85r2a-6546}} |
| Spain | {{t\|789\|g85r2a-e2jo}} | {{t\|855\|g85r2a-xkm4}} | {{t\|8.3\|g85r2a-av0l}} | {{t\|772\|g85r2a-yqub}} | {{t\|842\|g85r2a-8dnh}} | {{t\|1\|g85r2a-c2dz}} | {{t\|52\|g85r2a-raa3}} | {{t\|101.8\|g85r2a-q6ix}} | {{t\|95.6\|g85r2a-7ipu}} | {{t\|78.7\|g85r2a-kskc}} | {{t\|74.7\|g85r2a-3ssm}} | {{t\|23.1\|g85r2a-66wz}} | {{t\|20.9\|g85r2a-k2sb}} |
| Portugal | {{t\|125\|g85r2a-spr1}} | {{t\|144\|g85r2a-9s5q}} | {{t\|14.7\|g85r2a-ugv2}} | {{t\|152\|g85r2a-x4rg}} | {{t\|176\|g85r2a-jqll}} | {{t\|15\|g85r2a-m782}} | {{t\|19\|g85r2a-hmwd}} | {{t\|91.1\|g85r2a-v03q}} | {{t\|90.8\|g85r2a-hyva}} | {{t\|68.6\|g85r2a-u0e1}} | {{t\|69.1\|g85r2a-hjhh}} | {{t\|22.5\|g85r2a-w4hw}} | {{t\|21.7\|g85r2a-mob0}} |
| Latin America | {{t\|805\|g85r2a-0a5l}} | {{t\|894\|g85r2a-0jmv}} | {{t\|14.3\|g85r2a-tbo7}} | {{t\|718\|g85r2a-xir7}} | {{t\|802\|g85r2a-5f3v}} | {{t\|60\|g85r2a-7n7b}} | {{t\|90\|g85r2a-0h0e}} | {{t\|99.1\|g85r2a-hznr}} | {{t\|94.6\|g85r2a-svp3}} | {{t\|72.2\|g85r2a-8hnd}} | {{t\|69.8\|g85r2a-kmty}} | {{t\|26.9\|g85r2a-7loq}} | {{t\|24.8\|g85r2a-mh8z}} |
| Africa | n.m. | n.m. | n.m. | n.m. | n.m. | {{t\|13\|g85r2a-ncgm}} | {{t\|4\|g85r2a-gtcu}} | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| Middle East | n.m. | n.m. | n.m. | n.m. | n.m. | {{t\|0\|g85r2a-t2xu}} | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|8,208\|g85r2a-uqdh}} | {{t\|8,164\|g85r2a-ify1}} | {{t\|4.9\|g85r2a-uzz8}} | {{t\|8,105\|g85r2a-bu97}} | {{t\|7,957\|g85r2a-xrw5}} | {{t\|558\|g85r2a-99w2}} | {{t\|874\|g85r2a-bt9e}} | {{t\|96.8\|g85r2a-1koc}} | {{t\|92.4\|g85r2a-arqu}} | {{t\|77.2\|g85r2a-rdev}} | {{t\|72.8\|g85r2a-6ko2}} | {{t\|19.6\|g85r2a-fs7b}} | {{t\|19.6\|g85r2a-4qd1}} |
| Consolidation (34) | {{t\|-1,007\|g85r2a-hfvf}} | {{t\|-949\|g85r2a-r202}} | n.m. | {{t\|-1,035\|g85r2a-x91i}} | {{t\|-953\|g85r2a-1kga}} | {{t\|56\|g85r2a-ga1q}} | {{t\|49\|g85r2a-8jr2}} | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| **Total** | {{t\|19,534\|g85r2a-sj5o}} | {{t\|19,873\|g85r2a-0jhq}} | {{t\|6.7\|g85r2a-qgra}} | {{t\|19,596\|g85r2a-6auq}} | {{t\|20,081\|g85r2a-2tbn}} | {{t\|1,948\|g85r2a-73j7}} | {{t\|2,134\|g85r2a-ngt0}} | {{t\|94.7\|g85r2a-o0ye}} | {{t\|93.6\|g85r2a-vq51}} | {{t\|70.7\|g85r2a-gluv}} | {{t\|69.8\|g85r2a-p3ea}} | {{t\|24.1\|g85r2a-2njz}} | {{t\|23.8\|g85r2a-p7we}} |
(31) Total business volume comprises gross premiums written and fee and commission income.
(32) This reflects the growth of total business volume on an internal basis, adjusted for foreign currency translation and (de-)consolidation effects.
(33) Internal growth exlcudes Arch transaction.
(34) Represents elimination of transactions between Allianz Group entities in different geographic regions." |
|---|
|
| id | "g85r2a-c12" |
|---|
| chunk | 12 |
|---|
| pages | |
|---|
| heading | "P&C by Customer Segment YTD" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | |
|---|
| content | "**Property & casualty business volume and operating insurance revenue by customer segment.**
| In EUR million | Property-Casualty 12M 24 | Property-Casualty 12M 25 | Retail lines (35) 12M 24 | Retail lines (35) 12M 25 | Commercial lines (36) 12M 24 | Commercial lines (36) 12M 25 | Not allocated 12M 24 | Not allocated 12M 25 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (37) | {{t\|82,883\|g85r2a-0eo2}} | {{t\|86,741\|g85r2a-elle}} | {{t\|50,229\|g85r2a-pwj6}} | {{t\|52,789\|g85r2a-wyda}} | {{t\|32,711\|g85r2a-vuz2}} | {{t\|33,828\|g85r2a-deh6}} | {{t\|-58\|g85r2a-4j0k}} | {{t\|124\|g85r2a-7igo}} |
| Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|74,619\|g85r2a-udob}} | {{t\|78,164\|g85r2a-0g8e}} | {{t\|46,219\|g85r2a-1taw}} | {{t\|49,505\|g85r2a-l36f}} | {{t\|28,209\|g85r2a-d1oe}} | {{t\|28,579\|g85r2a-isrf}} | {{t\|191\|g85r2a-9djy}} | {{t\|80\|g85r2a-txpl}} |
| **in % — Combined ratio** | {{t\|93.4\|g85r2a-g9ty}} | {{t\|92.2\|g85r2a-co3b}} | {{t\|94.1\|g85r2a-4ziv}} | {{t\|92.4\|g85r2a-0x2h}} | {{t\|92.2\|g85r2a-kmev}} | {{t\|91.7\|g85r2a-rgyj}} | — | — |
| in % — Loss ratio | {{t\|69.3\|g85r2a-oqsw}} | {{t\|68.3\|g85r2a-nac4}} | {{t\|67.9\|g85r2a-du1j}} | {{t\|66.6\|g85r2a-dwcw}} | {{t\|71.5\|g85r2a-t3sm}} | {{t\|71.1\|g85r2a-xcxm}} | — | — |
| in % — Expense ratio | {{t\|24.2\|g85r2a-2xok}} | {{t\|23.9\|g85r2a-ljj7}} | {{t\|26.3\|g85r2a-firh}} | {{t\|25.8\|g85r2a-0xop}} | {{t\|20.7\|g85r2a-fxzm}} | {{t\|20.5\|g85r2a-8t80}} | — | — |
(35) Retail including SME and Fleet.
(36) Commercial including large corporate, MidCorp, credit insurance, internal and 3rd party reinsurance.
(37) Total business volume comprises gross premiums written and fee and commission income." |
|---|
|
| id | "g85r2a-c13" |
|---|
| chunk | 13 |
|---|
| pages | |
|---|
| heading | "P&C by Customer Segment QTD" |
|---|
| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | |
|---|
| content | "**Property & casualty business volume and operating insurance revenue by customer segment.**
| In EUR million | Property-Casualty 4Q 24 | Property-Casualty 4Q 25 | Retail lines (38) 4Q 24 | Retail lines (38) 4Q 25 | Commercial lines (39) 4Q 24 | Commercial lines (39) 4Q 25 | Not allocated 4Q 24 | Not allocated 4Q 25 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (40) | {{t\|19,534\|g85r2a-1lnf}} | {{t\|19,873\|g85r2a-m0w7}} | {{t\|12,132\|g85r2a-rzql}} | {{t\|12,730\|g85r2a-o1wo}} | {{t\|7,395\|g85r2a-vtwe}} | {{t\|7,129\|g85r2a-kgnt}} | {{t\|7\|g85r2a-je2o}} | {{t\|14\|g85r2a-pruj}} |
| Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|19,596\|g85r2a-yags}} | {{t\|20,081\|g85r2a-f5gz}} | {{t\|11,930\|g85r2a-xfjb}} | {{t\|12,705\|g85r2a-tuwz}} | {{t\|7,631\|g85r2a-qydf}} | {{t\|7,336\|g85r2a-ifoq}} | {{t\|35\|g85r2a-ncew}} | {{t\|40\|g85r2a-tffg}} |
| **in % — Combined ratio** | {{t\|94.7\|g85r2a-aknq}} | {{t\|93.6\|g85r2a-nvdv}} | {{t\|94.0\|g85r2a-i63y}} | {{t\|94.5\|g85r2a-1ztb}} | {{t\|96.6\|g85r2a-hlp7}} | {{t\|92.6\|g85r2a-x6s0}} | — | — |
| in % — Loss ratio | {{t\|70.7\|g85r2a-kx5c}} | {{t\|69.8\|g85r2a-r0s4}} | {{t\|66.8\|g85r2a-fhza}} | {{t\|68.7\|g85r2a-otgr}} | {{t\|76.8\|g85r2a-ugtf}} | {{t\|71.7\|g85r2a-l42z}} | — | — |
| in % — Expense ratio | {{t\|24.1\|g85r2a-d96h}} | {{t\|23.8\|g85r2a-hnr7}} | {{t\|27.2\|g85r2a-9zhi}} | {{t\|25.8\|g85r2a-p49g}} | {{t\|19.8\|g85r2a-82nq}} | {{t\|20.9\|g85r2a-061y}} | — | — |
(38) Retail including SME and Fleet.
(39) Commercial including large corporate, MidCorp, credit insurance, internal and 3rd party reinsurance.
(40) Total business volume comprises gross premiums written and fee and commission income." |
|---|
|
| id | "g85r2a-c14" |
|---|
| chunk | 14 |
|---|
| pages | |
|---|
| heading | "Life & Health" |
|---|
| tags | |
|---|
| links | | "Net investment income" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Life & health operating profit build-up.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (41) | {{t\|21,104\|g85r2a-7cjq}} | {{t\|21,547\|g85r2a-2ksr}} | {{t\|22,389\|g85r2a-qd4d}} | {{t\|24,277\|g85r2a-sncy}} | {{t\|89,317\|g85r2a-cpid}} | {{t\|25,024\|g85r2a-wsq3}} | {{t\|22,541\|g85r2a-q6ky}} | {{t\|21,107\|g85r2a-6kt5}} | {{t\|23,642\|g85r2a-90dp}} | {{t\|92,314\|g85r2a-64a7}} | {{t\|3.4%\|g85r2a-ddbs}} |
| Release CSM | {{t\|1,276\|g85r2a-7lvd}} | {{t\|1,241\|g85r2a-3ioh}} | {{t\|1,267\|g85r2a-yx9x}} | {{t\|1,354\|g85r2a-8lt7}} | {{t\|5,137\|g85r2a-cy94}} | {{t\|1,360\|g85r2a-ojc4}} | {{t\|1,458\|g85r2a-h187}} | {{t\|1,265\|g85r2a-c7cs}} | {{t\|1,357\|g85r2a-bdqi}} | {{t\|5,440\|g85r2a-bx60}} | {{t\|5.9%\|g85r2a-2cj0}} |
| Release risk adjustment | {{t\|120\|g85r2a-6pei}} | {{t\|123\|g85r2a-h8ox}} | {{t\|121\|g85r2a-gsb3}} | {{t\|125\|g85r2a-hwz9}} | {{t\|488\|g85r2a-k3ws}} | {{t\|128\|g85r2a-99b4}} | {{t\|125\|g85r2a-v5n9}} | {{t\|126\|g85r2a-wxxn}} | {{t\|144\|g85r2a-o5y3}} | {{t\|523\|g85r2a-1civ}} | {{t\|7.1%\|g85r2a-i3qn}} |
| Variances from claims and expenses (42) | {{t\|-37\|g85r2a-56th}} | {{t\|16\|g85r2a-8xzu}} | {{t\|12\|g85r2a-wx9w}} | {{t\|65\|g85r2a-8sgv}} | {{t\|56\|g85r2a-p3fp}} | {{t\|17\|g85r2a-p483}} | {{t\|-51\|g85r2a-b9c4}} | {{t\|50\|g85r2a-7ijy}} | {{t\|30\|g85r2a-mxo7}} | {{t\|46\|g85r2a-a71a}} | {{t\|-18.7%\|g85r2a-hi9r}} |
| Losses on onerous contracts | {{t\|-6\|g85r2a-pqfg}} | {{t\|4\|g85r2a-hx68}} | {{t\|-18\|g85r2a-gsbn}} | {{t\|-20\|g85r2a-ukfg}} | {{t\|-41\|g85r2a-v9y8}} | {{t\|-14\|g85r2a-4cor}} | {{t\|-12\|g85r2a-hhxr}} | {{t\|-17\|g85r2a-xuqd}} | {{t\|-42\|g85r2a-ps9t}} | {{t\|-84\|g85r2a-7udj}} | {{t\|105.3%\|g85r2a-gqr0}} |
| Non-attributable expenses | {{t\|-268\|g85r2a-af1n}} | {{t\|-262\|g85r2a-y6n2}} | {{t\|-274\|g85r2a-vfpp}} | {{t\|-337\|g85r2a-r06d}} | {{t\|-1,141\|g85r2a-s7en}} | {{t\|-284\|g85r2a-rr2b}} | {{t\|-277\|g85r2a-t6l8}} | {{t\|-320\|g85r2a-4npw}} | {{t\|-320\|g85r2a-p530}} | {{t\|-1,202\|g85r2a-10ns}} | {{t\|5.4%\|g85r2a-16mf}} |
| Operating {{t\|investment result\|\|Net investment income}} | {{t\|164\|g85r2a-6mha}} | {{t\|165\|g85r2a-nd7z}} | {{t\|182\|g85r2a-sqib}} | {{t\|151\|g85r2a-bb63}} | {{t\|662\|g85r2a-czr3}} | {{t\|135\|g85r2a-5mrm}} | {{t\|73\|g85r2a-tlc6}} | {{t\|215\|g85r2a-k2bb}} | {{t\|102\|g85r2a-1mss}} | {{t\|525\|g85r2a-kwgo}} | {{t\|-20.7%\|g85r2a-qjs7}} |
| Other {{t\|operating result\|\|Underlying earnings}} | {{t\|79\|g85r2a-ljqe}} | {{t\|92\|g85r2a-7239}} | {{t\|86\|g85r2a-gkid}} | {{t\|86\|g85r2a-18u4}} | {{t\|343\|g85r2a-g3z9}} | {{t\|85\|g85r2a-jhbc}} | {{t\|87\|g85r2a-hez9}} | {{t\|90\|g85r2a-5k7o}} | {{t\|92\|g85r2a-1h01}} | {{t\|353\|g85r2a-a815}} | {{t\|2.9%\|g85r2a-rvxb}} |
| {{t\|Operating profit\|\|Underlying earnings}} | {{t\|1,327\|g85r2a-3el3}} | {{t\|1,379\|g85r2a-5dgm}} | {{t\|1,376\|g85r2a-xd0g}} | {{t\|1,424\|g85r2a-8z3w}} | {{t\|5,505\|g85r2a-1u2a}} | {{t\|1,427\|g85r2a-sxiy}} | {{t\|1,403\|g85r2a-noh9}} | {{t\|1,407\|g85r2a-3grc}} | {{t\|1,364\|g85r2a-3m1d}} | {{t\|5,601\|g85r2a-cvzk}} | {{t\|1.7%\|g85r2a-huq8}} |
| Non-operating items — Realized gains/losses (net) | {{t\|-48\|g85r2a-hkqx}} | {{t\|-40\|g85r2a-314t}} | {{t\|0\|g85r2a-ve6f}} | {{t\|-32\|g85r2a-9jsi}} | {{t\|-120\|g85r2a-46mx}} | {{t\|12\|g85r2a-ffqj}} | {{t\|261\|g85r2a-l383}} | {{t\|-4\|g85r2a-u7sg}} | {{t\|-46\|g85r2a-pxxx}} | {{t\|223\|g85r2a-r7wf}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|-3\|g85r2a-h7mo}} | {{t\|5\|g85r2a-d3h5}} | {{t\|-0\|g85r2a-odgs}} | {{t\|9\|g85r2a-vxoo}} | {{t\|11\|g85r2a-4wh5}} | {{t\|-4\|g85r2a-is06}} | {{t\|-1\|g85r2a-88hk}} | {{t\|-2\|g85r2a-my5k}} | {{t\|-1\|g85r2a-qg61}} | {{t\|-8\|g85r2a-wrdx}} | n.m. |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|-51\|g85r2a-c3om}} | {{t\|-17\|g85r2a-bwus}} | {{t\|29\|g85r2a-17te}} | {{t\|-9\|g85r2a-7m7b}} | {{t\|-47\|g85r2a-5ksz}} | {{t\|-19\|g85r2a-fm5i}} | {{t\|-6\|g85r2a-vuq8}} | {{t\|10\|g85r2a-7m2m}} | {{t\|-19\|g85r2a-109v}} | {{t\|-33\|g85r2a-03cq}} | {{t\|-30.7%\|g85r2a-5jfm}} |
| Non-operating items — thereof: Non-operating market movements | {{t\|-40\|g85r2a-df4j}} | {{t\|-4\|g85r2a-nfpl}} | {{t\|41\|g85r2a-7ham}} | {{t\|4\|g85r2a-56u0}} | {{t\|0\|g85r2a-ryg7}} | {{t\|-7\|g85r2a-0561}} | {{t\|6\|g85r2a-4omk}} | {{t\|23\|g85r2a-xlmp}} | {{t\|-7\|g85r2a-fz2d}} | {{t\|15\|g85r2a-zm6h}} | n.m. |
| Non-operating items — Restructuring and integration expenses | {{t\|-3\|g85r2a-luja}} | {{t\|-13\|g85r2a-098m}} | {{t\|-10\|g85r2a-2pyi}} | {{t\|-30\|g85r2a-6hk7}} | {{t\|-55\|g85r2a-yspi}} | {{t\|-7\|g85r2a-6s37}} | {{t\|-11\|g85r2a-xac7}} | {{t\|-14\|g85r2a-x0wd}} | {{t\|-39\|g85r2a-ritw}} | {{t\|-71\|g85r2a-nb4w}} | {{t\|27.7%\|g85r2a-ey25}} |
| Non-operating items — Amortization of intangible assets | {{t\|-17\|g85r2a-ky8k}} | {{t\|-17\|g85r2a-j32m}} | {{t\|-17\|g85r2a-cwhy}} | {{t\|-17\|g85r2a-slhi}} | {{t\|-68\|g85r2a-1snu}} | {{t\|-13\|g85r2a-6pbo}} | {{t\|-20\|g85r2a-2m29}} | {{t\|-11\|g85r2a-aokf}} | {{t\|-12\|g85r2a-k75l}} | {{t\|-56\|g85r2a-itli}} | {{t\|-17.2%\|g85r2a-h54a}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|-3\|g85r2a-c47u}} | {{t\|-3\|g85r2a-vz0b}} | {{t\|-3\|g85r2a-u34o}} | {{t\|-3\|g85r2a-rmph}} | {{t\|-11\|g85r2a-2t9h}} | {{t\|-3\|g85r2a-r3hc}} | {{t\|-3\|g85r2a-j15g}} | {{t\|-2\|g85r2a-aa9p}} | {{t\|-3\|g85r2a-p53j}} | {{t\|-10\|g85r2a-wqsk}} | {{t\|-9.7%\|g85r2a-s2b6}} |
| Non-operating items — Other (including tax reclassifications) (43) | {{t\|25\|g85r2a-0ur8}} | {{t\|93\|g85r2a-mx1p}} | {{t\|90\|g85r2a-wos8}} | {{t\|-45\|g85r2a-7y2g}} | {{t\|163\|g85r2a-8ivo}} | {{t\|8\|g85r2a-1d5t}} | {{t\|39\|g85r2a-7us9}} | {{t\|45\|g85r2a-pfmb}} | {{t\|-32\|g85r2a-vxye}} | {{t\|59\|g85r2a-hzwd}} | {{t\|-63.5%\|g85r2a-nnbk}} |
| **Non-operating items — Subtotal** | {{t\|-98\|g85r2a-lwys}} | {{t\|12\|g85r2a-5hi2}} | {{t\|92\|g85r2a-bgvp}} | {{t\|-124\|g85r2a-ouuu}} | {{t\|-117\|g85r2a-knoc}} | {{t\|-23\|g85r2a-myjr}} | {{t\|263\|g85r2a-kk6o}} | {{t\|23\|g85r2a-18u1}} | {{t\|-149\|g85r2a-2c3z}} | {{t\|114\|g85r2a-7jrr}} | n.m. |
| **Non-operating items — Income (loss) before income taxes** | {{t\|1,229\|g85r2a-jsk2}} | {{t\|1,391\|g85r2a-wai3}} | {{t\|1,468\|g85r2a-72eh}} | {{t\|1,300\|g85r2a-f29w}} | {{t\|5,388\|g85r2a-u8k0}} | {{t\|1,404\|g85r2a-8x43}} | {{t\|1,666\|g85r2a-y9ow}} | {{t\|1,430\|g85r2a-mzhf}} | {{t\|1,215\|g85r2a-sasd}} | {{t\|5,715\|g85r2a-rc9u}} | {{t\|6.1%\|g85r2a-pswd}} |
| Non-operating items — Income taxes | {{t\|-285\|g85r2a-vsx2}} | {{t\|-360\|g85r2a-2hem}} | {{t\|-354\|g85r2a-9dt1}} | {{t\|-301\|g85r2a-kgwc}} | {{t\|-1,300\|g85r2a-bj3w}} | {{t\|-398\|g85r2a-wblm}} | {{t\|-354\|g85r2a-63m7}} | {{t\|-584\|g85r2a-fcet}} | {{t\|-242\|g85r2a-ih46}} | {{t\|-1,579\|g85r2a-y5sb}} | {{t\|21.4%\|g85r2a-nb5c}} |
| **Non-operating items — Net income (loss)** | {{t\|944\|g85r2a-75ul}} | {{t\|1,031\|g85r2a-yrm3}} | {{t\|1,114\|g85r2a-1yje}} | {{t\|999\|g85r2a-8exq}} | {{t\|4,088\|g85r2a-x8sl}} | {{t\|1,006\|g85r2a-jg17}} | {{t\|1,312\|g85r2a-yq5u}} | {{t\|846\|g85r2a-oh2e}} | {{t\|973\|g85r2a-xsv4}} | {{t\|4,137\|g85r2a-4158}} | {{t\|1.2%\|g85r2a-erri}} |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|-7\|g85r2a-qs2k}} | {{t\|60\|g85r2a-rl0g}} | {{t\|60\|g85r2a-uh4k}} | {{t\|63\|g85r2a-6ar5}} | {{t\|176\|g85r2a-dofw}} | {{t\|58\|g85r2a-nsq3}} | {{t\|63\|g85r2a-05xe}} | {{t\|40\|g85r2a-106z}} | {{t\|42\|g85r2a-wqr8}} | {{t\|203\|g85r2a-8207}} | {{t\|15.3%\|g85r2a-1own}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|951\|g85r2a-f3ln}} | {{t\|971\|g85r2a-qokq}} | {{t\|1,053\|g85r2a-u5gk}} | {{t\|936\|g85r2a-6c4c}} | {{t\|3,912\|g85r2a-3o59}} | {{t\|948\|g85r2a-2qab}} | {{t\|1,250\|g85r2a-syfi}} | {{t\|806\|g85r2a-p71u}} | {{t\|930\|g85r2a-qzgw}} | {{t\|3,934\|g85r2a-t5qv}} | {{t\|0.6%\|g85r2a-qszi}} |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|1,229\|g85r2a-17dv}} | {{t\|1,391\|g85r2a-3i5v}} | {{t\|1,468\|g85r2a-fecf}} | {{t\|1,300\|g85r2a-6m1t}} | {{t\|5,388\|g85r2a-ztv5}} | {{t\|1,404\|g85r2a-4a1z}} | {{t\|1,666\|g85r2a-8aa4}} | {{t\|1,430\|g85r2a-j5mi}} | {{t\|1,215\|g85r2a-5bgr}} | {{t\|5,715\|g85r2a-utuj}} | {{t\|6.1%\|g85r2a-g5r4}} |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|40\|g85r2a-16k2}} | {{t\|4\|g85r2a-v0wy}} | {{t\|-41\|g85r2a-25ss}} | {{t\|-4\|g85r2a-iifi}} | {{t\|-0\|g85r2a-ml3e}} | {{t\|7\|g85r2a-rwzx}} | {{t\|-6\|g85r2a-xri4}} | {{t\|-23\|g85r2a-5sz7}} | {{t\|7\|g85r2a-hu3w}} | {{t\|-15\|g85r2a-g3v7}} | n.m. |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|3\|g85r2a-g7fq}} | {{t\|3\|g85r2a-e4pk}} | {{t\|3\|g85r2a-thsi}} | {{t\|3\|g85r2a-l9ie}} | {{t\|11\|g85r2a-n208}} | {{t\|3\|g85r2a-0h8i}} | {{t\|3\|g85r2a-xbzn}} | {{t\|2\|g85r2a-x8nw}} | {{t\|3\|g85r2a-40xt}} | {{t\|10\|g85r2a-01lm}} | {{t\|-9.7%\|g85r2a-ygpe}} |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|1,272\|g85r2a-a2mw}} | {{t\|1,398\|g85r2a-c3ek}} | {{t\|1,430\|g85r2a-daex}} | {{t\|1,300\|g85r2a-yhzy}} | {{t\|5,400\|g85r2a-rodl}} | {{t\|1,414\|g85r2a-6qmb}} | {{t\|1,663\|g85r2a-m7hd}} | {{t\|1,410\|g85r2a-rj1a}} | {{t\|1,225\|g85r2a-jf3i}} | {{t\|5,711\|g85r2a-jx38}} | {{t\|5.8%\|g85r2a-vlwo}} |
| Net income (loss) attributable to: — Income taxes related to core income | {{t\|-294\|g85r2a-eb46}} | {{t\|-362\|g85r2a-ergl}} | {{t\|-347\|g85r2a-3zqt}} | {{t\|-300\|g85r2a-ifps}} | {{t\|-1,303\|g85r2a-qsv4}} | {{t\|-401\|g85r2a-6fth}} | {{t\|-354\|g85r2a-5p1p}} | {{t\|-580\|g85r2a-1gc3}} | {{t\|-241\|g85r2a-9fmv}} | {{t\|-1,576\|g85r2a-s5b9}} | {{t\|20.9%\|g85r2a-0g9j}} |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|978\|g85r2a-jilh}} | {{t\|1,036\|g85r2a-5aal}} | {{t\|1,083\|g85r2a-jq3e}} | {{t\|1,000\|g85r2a-w89e}} | {{t\|4,097\|g85r2a-nwgd}} | {{t\|1,013\|g85r2a-fc5t}} | {{t\|1,309\|g85r2a-mph2}} | {{t\|829\|g85r2a-0mjq}} | {{t\|983\|g85r2a-phup}} | {{t\|4,135\|g85r2a-txrn}} | {{t\|0.9%\|g85r2a-v065}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|983\|g85r2a-mugi}} | {{t\|974\|g85r2a-xkh2}} | {{t\|1,024\|g85r2a-yn1k}} | {{t\|935\|g85r2a-6ut2}} | {{t\|3,917\|g85r2a-v9d7}} | {{t\|953\|g85r2a-l0it}} | {{t\|1,246\|g85r2a-gguw}} | {{t\|788\|g85r2a-93ys}} | {{t\|940\|g85r2a-bnp3}} | {{t\|3,928\|g85r2a-z396}} | {{t\|0.3%\|g85r2a-4zii}} |
| Net income (loss) attributable to: — Core return on equity(45) (in %) | {{t\|16.3\|g85r2a-1m8i}} | {{t\|16.3\|g85r2a-2t9e}} | {{t\|16.3\|g85r2a-2nia}} | {{t\|16.3\|g85r2a-dh0l}} | {{t\|16.3\|g85r2a-2f65}} | {{t\|15.2\|g85r2a-xvxx}} | {{t\|15.2\|g85r2a-29by}} | {{t\|15.2\|g85r2a-kxml}} | {{t\|15.2\|g85r2a-1ga1}} | {{t\|15.2\|g85r2a-ujpr}} | -1.1%-p |
| Net income (loss) attributable to: — Operating asset base (in EUR bn) | {{t\|750.4\|g85r2a-sw8a}} | {{t\|749.3\|g85r2a-ac9r}} | {{t\|770.9\|g85r2a-yec9}} | {{t\|783.5\|g85r2a-la2h}} | {{t\|783.5\|g85r2a-z0bg}} | {{t\|774.8\|g85r2a-qqf1}} | {{t\|742.5\|g85r2a-pobj}} | {{t\|759.9\|g85r2a-ba1z}} | {{t\|769.8\|g85r2a-9a8a}} | {{t\|769.8\|g85r2a-yuyq}} | {{t\|-1.7%\|g85r2a-20ud}} |
| Net income (loss) attributable to: — Net flows (in EUR bn) | {{t\|-0.1\|g85r2a-mx3c}} | {{t\|0.8\|g85r2a-zz1w}} | {{t\|2.2\|g85r2a-enfa}} | {{t\|1.8\|g85r2a-vex6}} | {{t\|4.7\|g85r2a-7l2i}} | {{t\|3.5\|g85r2a-ojei}} | {{t\|3.3\|g85r2a-6b4j}} | {{t\|2.7\|g85r2a-xikw}} | {{t\|2.3\|g85r2a-25f7}} | {{t\|11.7\|g85r2a-a3qo}} | {{t\|150.1%\|g85r2a-85rh}} |
| Net income (loss) attributable to: — Risk adjustment (gross of reinsurance) (44) | {{t\|4,714\|g85r2a-0wuo}} | {{t\|4,746\|g85r2a-uozr}} | {{t\|4,748\|g85r2a-zlit}} | {{t\|4,928\|g85r2a-9ffx}} | {{t\|4,928\|g85r2a-l58n}} | {{t\|4,948\|g85r2a-j9li}} | {{t\|4,832\|g85r2a-rhv4}} | {{t\|4,788\|g85r2a-gzdv}} | {{t\|4,836\|g85r2a-ivx6}} | {{t\|4,836\|g85r2a-yaup}} | {{t\|-1.9%\|g85r2a-ojd8}} |
(41) Total business volume comprises statutory gross premiums.
(42) Including operating reinsurance result.
(43) Including hyperinflation result.
(45) For current year periods and prior year periods, the core return on equity for the respective full year is shown.
(44) Refers to liability for remaining coverage (LRC)." |
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| id | "g85r2a-c15" |
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| chunk | 15 |
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| pages | |
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| heading | "L&H New Business YTD" |
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| tags | |
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| links | |
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| data_items | |
|---|
| effective_tags | |
|---|
| content | "**Life & health new business by region.**
| In EUR million | Present value of new business premiums 12M 24 EUR mn | Present value of new business premiums 12M 25 EUR mn | New business margin 12M 24 % | New business margin 12M 25 % | Value of new business 12M 24 EUR mn | Value of new business 12M 25 EUR mn |
| --- | --- | --- | --- | --- | --- | --- |
| Germany Life | {{t\|18,614\|g85r2a-e8kj}} | {{t\|18,292\|g85r2a-vs6u}} | {{t\|4.7\|g85r2a-s48v}} | {{t\|4.6\|g85r2a-msqz}} | {{t\|884\|g85r2a-28fl}} | {{t\|833\|g85r2a-lbt3}} |
| Germany Health | {{t\|3,609\|g85r2a-3gel}} | {{t\|5,382\|g85r2a-tgks}} | {{t\|5.7\|g85r2a-hvia}} | {{t\|5.6\|g85r2a-ae1y}} | {{t\|206\|g85r2a-xpgq}} | {{t\|300\|g85r2a-h1jk}} |
| Germany APR | n.m. | {{t\|359\|g85r2a-b7hn}} | n.m. | {{t\|7.9\|g85r2a-vbxg}} | n.m. | {{t\|28\|g85r2a-xjld}} |
| Switzerland | {{t\|840\|g85r2a-qy74}} | {{t\|1,047\|g85r2a-kfub}} | {{t\|4.8\|g85r2a-9a7w}} | {{t\|4.6\|g85r2a-c09o}} | {{t\|40\|g85r2a-h5na}} | {{t\|48\|g85r2a-o97i}} |
| Central Europe (46) | {{t\|1,633\|g85r2a-rb5g}} | {{t\|2,074\|g85r2a-11qp}} | {{t\|9.9\|g85r2a-9zn5}} | {{t\|10.6\|g85r2a-qdu1}} | {{t\|162\|g85r2a-w9u9}} | {{t\|220\|g85r2a-cy5w}} |
| **German Speaking Countries and Central Europe** | {{t\|24,697\|g85r2a-xcua}} | {{t\|27,153\|g85r2a-atbu}} | {{t\|5.2\|g85r2a-8h47}} | {{t\|5.3\|g85r2a-p3ml}} | {{t\|1,292\|g85r2a-i0aj}} | {{t\|1,429\|g85r2a-2qmv}} |
| Italy | {{t\|14,099\|g85r2a-s7vf}} | {{t\|14,325\|g85r2a-py3x}} | {{t\|3.6\|g85r2a-0nxc}} | {{t\|3.5\|g85r2a-t4ns}} | {{t\|513\|g85r2a-ntof}} | {{t\|505\|g85r2a-7omr}} |
| France | {{t\|6,665\|g85r2a-ks1e}} | {{t\|6,871\|g85r2a-1ip1}} | {{t\|4.6\|g85r2a-lf42}} | {{t\|5.3\|g85r2a-1old}} | {{t\|305\|g85r2a-3y4l}} | {{t\|365\|g85r2a-z85y}} |
| Benelux | {{t\|2,164\|g85r2a-org5}} | {{t\|2,569\|g85r2a-xhir}} | {{t\|4.2\|g85r2a-1uw3}} | {{t\|4.5\|g85r2a-6en0}} | {{t\|90\|g85r2a-6gdi}} | {{t\|116\|g85r2a-lods}} |
| Türkiye | {{t\|1,696\|g85r2a-f3l6}} | {{t\|2,474\|g85r2a-ehd5}} | {{t\|7.0\|g85r2a-dau5}} | {{t\|6.1\|g85r2a-6892}} | {{t\|118\|g85r2a-8ikd}} | {{t\|151\|g85r2a-dx6e}} |
| Greece | {{t\|86\|g85r2a-k20t}} | {{t\|96\|g85r2a-9m7b}} | {{t\|2.5\|g85r2a-mxh6}} | {{t\|2.5\|g85r2a-cxj5}} | {{t\|2\|g85r2a-bg9s}} | {{t\|2\|g85r2a-tbuq}} |
| **Western & Southern Europe** | {{t\|24,709\|g85r2a-m4x6}} | {{t\|26,335\|g85r2a-qyc6}} | {{t\|4.2\|g85r2a-4xlo}} | {{t\|4.3\|g85r2a-r6be}} | {{t\|1,029\|g85r2a-h5p8}} | {{t\|1,140\|g85r2a-kd92}} |
| **Asia Pacific** | {{t\|7,185\|g85r2a-f7p6}} | {{t\|7,757\|g85r2a-c1lb}} | {{t\|9.8\|g85r2a-61jn}} | {{t\|9.2\|g85r2a-o2ld}} | {{t\|707\|g85r2a-zjio}} | {{t\|716\|g85r2a-idlj}} |
| **USA** | {{t\|21,843\|g85r2a-lakm}} | {{t\|21,239\|g85r2a-npp5}} | {{t\|6.1\|g85r2a-u7c9}} | {{t\|6.3\|g85r2a-8agf}} | {{t\|1,337\|g85r2a-0o35}} | {{t\|1,345\|g85r2a-a4hn}} |
| Reinsurance L/H | {{t\|1,687\|g85r2a-9kwl}} | {{t\|210\|g85r2a-ynyt}} | {{t\|8.1\|g85r2a-sbhx}} | {{t\|8.3\|g85r2a-fhth}} | {{t\|137\|g85r2a-n5qp}} | {{t\|17\|g85r2a-hpx2}} |
| Spain | {{t\|574\|g85r2a-52tf}} | {{t\|627\|g85r2a-3s7a}} | {{t\|3.6\|g85r2a-7lbw}} | {{t\|3.4\|g85r2a-z9ol}} | {{t\|20\|g85r2a-b8g8}} | {{t\|22\|g85r2a-clxf}} |
| Portugal | {{t\|192\|g85r2a-hivx}} | {{t\|222\|g85r2a-nfca}} | {{t\|14.8\|g85r2a-sp4q}} | {{t\|11.1\|g85r2a-vqjj}} | {{t\|28\|g85r2a-8kqa}} | {{t\|25\|g85r2a-jv7a}} |
| Latin America | {{t\|1,063\|g85r2a-yenf}} | {{t\|1,730\|g85r2a-9ass}} | {{t\|13.4\|g85r2a-bmnd}} | {{t\|7.8\|g85r2a-pcsp}} | {{t\|143\|g85r2a-ufcp}} | {{t\|136\|g85r2a-8m01}} |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|3,516\|g85r2a-g7uy}} | {{t\|2,788\|g85r2a-j7mu}} | {{t\|9.4\|g85r2a-bwjw}} | {{t\|7.2\|g85r2a-wsin}} | {{t\|329\|g85r2a-tf0f}} | {{t\|199\|g85r2a-kyko}} |
| **Consolidation and Other** | {{t\|-123\|g85r2a-jljt}} | {{t\|-591\|g85r2a-efwp}} | n.m. | n.m. | n.m. | n.m. |
| **Total** | {{t\|81,827\|g85r2a-91or}} | {{t\|84,682\|g85r2a-vhgw}} | {{t\|5.7\|g85r2a-hrbr}} | {{t\|5.7\|g85r2a-1ped}} | {{t\|4,694\|g85r2a-46lt}} | {{t\|4,829\|g85r2a-j7yr}} |
**Life & health value of new business build-up.**
| In EUR million | 12M 24 | 12M 25 |
| --- | --- | --- |
| **Value of new business** | {{t\|4,694\|g85r2a-ij3u}} | {{t\|4,829\|g85r2a-w1r3}} |
| Non-attributable expenses | {{t\|693\|g85r2a-nwfq}} | {{t\|772\|g85r2a-ipl1}} |
| Scope / Other | {{t\|681\|g85r2a-boxu}} | {{t\|-183\|g85r2a-tncn}} |
| **CSM@inception** | {{t\|6,067\|g85r2a-5ffl}} | {{t\|5,419\|g85r2a-6aum}} |
(46) Includes the Austrian health business from 01.01.2025." |
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|
| id | "g85r2a-c16" |
|---|
| chunk | 16 |
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| pages | |
|---|
| heading | "L&H New Business QTD" |
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| tags | |
|---|
| links | |
|---|
| data_items | |
|---|
| effective_tags | |
|---|
| content | "**Life & health new business by region.**
| In EUR million | Present value of new business premiums 4Q 24 EUR mn | Present value of new business premiums 4Q 25 EUR mn | New business margin 4Q 24 % | New business margin 4Q 25 % | Value of new business 4Q 24 EUR mn | Value of new business 4Q 25 EUR mn |
| --- | --- | --- | --- | --- | --- | --- |
| Germany Life | {{t\|5,786\|g85r2a-q2yx}} | {{t\|4,634\|g85r2a-civi}} | {{t\|4.5\|g85r2a-gi7q}} | {{t\|4.6\|g85r2a-r81p}} | {{t\|259\|g85r2a-icuh}} | {{t\|212\|g85r2a-skuz}} |
| Germany Health | {{t\|1,044\|g85r2a-n62e}} | {{t\|1,306\|g85r2a-4xwf}} | {{t\|5.9\|g85r2a-q5yh}} | {{t\|5.8\|g85r2a-43kl}} | {{t\|62\|g85r2a-afa0}} | {{t\|76\|g85r2a-u19v}} |
| Germany APR | n.m. | {{t\|113\|g85r2a-6hbn}} | n.m. | {{t\|7.8\|g85r2a-xb8q}} | n.m. | {{t\|9\|g85r2a-8904}} |
| Switzerland | {{t\|161\|g85r2a-mhra}} | {{t\|172\|g85r2a-1z3n}} | {{t\|5.2\|g85r2a-66ez}} | {{t\|5.2\|g85r2a-52d5}} | {{t\|8\|g85r2a-og4e}} | {{t\|9\|g85r2a-rtqj}} |
| Central Europe (47) | {{t\|456\|g85r2a-vmel}} | {{t\|605\|g85r2a-sff1}} | {{t\|9.2\|g85r2a-gt5t}} | {{t\|10.4\|g85r2a-v58e}} | {{t\|42\|g85r2a-kqkq}} | {{t\|63\|g85r2a-hw4p}} |
| **German Speaking Countries and Central Europe** | {{t\|7,447\|g85r2a-yowr}} | {{t\|6,830\|g85r2a-8twy}} | {{t\|5.0\|g85r2a-im6k}} | {{t\|5.4\|g85r2a-nq9q}} | {{t\|371\|g85r2a-dcqv}} | {{t\|368\|g85r2a-990o}} |
| Italy | {{t\|3,997\|g85r2a-ekom}} | {{t\|3,261\|g85r2a-wh36}} | {{t\|3.7\|g85r2a-npzg}} | {{t\|4.2\|g85r2a-e6mi}} | {{t\|149\|g85r2a-3frt}} | {{t\|136\|g85r2a-tugw}} |
| France | {{t\|1,039\|g85r2a-ucne}} | {{t\|1,272\|g85r2a-y1t6}} | {{t\|4.8\|g85r2a-k3dd}} | {{t\|4.9\|g85r2a-7iyb}} | {{t\|50\|g85r2a-owvh}} | {{t\|62\|g85r2a-0846}} |
| Benelux | {{t\|555\|g85r2a-had8}} | {{t\|677\|g85r2a-8pd8}} | {{t\|4.4\|g85r2a-jdye}} | {{t\|4.0\|g85r2a-yds8}} | {{t\|24\|g85r2a-ag2q}} | {{t\|27\|g85r2a-vr56}} |
| Türkiye | {{t\|517\|g85r2a-qsd4}} | {{t\|818\|g85r2a-osck}} | {{t\|6.7\|g85r2a-odql}} | {{t\|5.1\|g85r2a-b48s}} | {{t\|35\|g85r2a-rwrc}} | {{t\|42\|g85r2a-c2bm}} |
| Greece | {{t\|27\|g85r2a-6tqt}} | {{t\|29\|g85r2a-fgi7}} | {{t\|2.8\|g85r2a-56v4}} | {{t\|3.4\|g85r2a-3jr7}} | {{t\|1\|g85r2a-ye59}} | {{t\|1\|g85r2a-28pc}} |
| **Western & Southern Europe** | {{t\|6,136\|g85r2a-nntg}} | {{t\|6,057\|g85r2a-a66g}} | {{t\|4.2\|g85r2a-cn8c}} | {{t\|4.4\|g85r2a-vcps}} | {{t\|258\|g85r2a-zg87}} | {{t\|268\|g85r2a-0x13}} |
| **Asia Pacific** | {{t\|1,836\|g85r2a-7l86}} | {{t\|1,787\|g85r2a-oihy}} | {{t\|10.2\|g85r2a-mgfw}} | {{t\|9.6\|g85r2a-pco0}} | {{t\|187\|g85r2a-x0tq}} | {{t\|172\|g85r2a-r7vx}} |
| **USA** | {{t\|5,224\|g85r2a-3pv7}} | {{t\|5,731\|g85r2a-ezd7}} | {{t\|5.6\|g85r2a-r6vp}} | {{t\|6.2\|g85r2a-c0ca}} | {{t\|292\|g85r2a-umru}} | {{t\|355\|g85r2a-wa2p}} |
| Reinsurance L/H | {{t\|47\|g85r2a-9gnc}} | {{t\|108\|g85r2a-fks6}} | {{t\|9.5\|g85r2a-rbna}} | {{t\|5.3\|g85r2a-8uvj}} | {{t\|4\|g85r2a-gqyd}} | {{t\|6\|g85r2a-shvp}} |
| Spain | {{t\|175\|g85r2a-2fdk}} | {{t\|202\|g85r2a-8xxt}} | {{t\|3.9\|g85r2a-mm8e}} | {{t\|2.7\|g85r2a-qjep}} | {{t\|7\|g85r2a-zco8}} | {{t\|5\|g85r2a-9kpl}} |
| Portugal | {{t\|80\|g85r2a-3e4k}} | {{t\|84\|g85r2a-oc4z}} | {{t\|8.8\|g85r2a-f01q}} | {{t\|8.4\|g85r2a-ojgg}} | {{t\|7\|g85r2a-9f9y}} | {{t\|7\|g85r2a-eb26}} |
| Latin America | {{t\|296\|g85r2a-9mjd}} | {{t\|473\|g85r2a-oxip}} | {{t\|10.0\|g85r2a-7nvw}} | {{t\|7.6\|g85r2a-dn22}} | {{t\|30\|g85r2a-kz84}} | {{t\|36\|g85r2a-y93t}} |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|598\|g85r2a-3py7}} | {{t\|866\|g85r2a-75sr}} | {{t\|8.0\|g85r2a-lz1x}} | {{t\|6.2\|g85r2a-jsmp}} | {{t\|48\|g85r2a-kjr9}} | {{t\|54\|g85r2a-jztm}} |
| **Consolidation and Other** | {{t\|-33\|g85r2a-5qn1}} | {{t\|-107\|g85r2a-13tb}} | n.m. | n.m. | n.m. | n.m. |
| **Total** | {{t\|21,207\|g85r2a-p0g2}} | {{t\|21,163\|g85r2a-3fyf}} | {{t\|5.5\|g85r2a-m6jo}} | {{t\|5.8\|g85r2a-e1bu}} | {{t\|1,156\|g85r2a-5i4q}} | {{t\|1,217\|g85r2a-xx0s}} |
**Life & health value of new business build-up.**
| In EUR million | 4Q 24 | 4Q 25 |
| --- | --- | --- |
| **Value of new business** | {{t\|1,156\|g85r2a-me3y}} | {{t\|1,217\|g85r2a-dy9u}} |
| Non-attributable expenses | {{t\|184\|g85r2a-t9ue}} | {{t\|195\|g85r2a-xokx}} |
| Scope / Other | {{t\|801\|g85r2a-cbt9}} | {{t\|-59\|g85r2a-l5g4}} |
| **CSM@inception** | {{t\|2,142\|g85r2a-5jbr}} | {{t\|1,353\|g85r2a-kt0h}} |
(47) Includes the Austrian health business from 01.01.2025." |
|---|
|
| id | "g85r2a-c17" |
|---|
| chunk | 17 |
|---|
| pages | |
|---|
| heading | "L&H by Region YTD" |
|---|
| tags | |
|---|
| links | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| content | "**Life & health business volume, operating insurance revenue, operating profit, and contractual service margin by region. (Internal growth (50))**
| In EUR million | Total business volume (48) 12M 24 EUR mn | Total business volume (48) 12M 25 EUR mn | Total business volume (48) 12M 25 % | Operating {{t\|insurance revenue\|\|Insurance revenue}} 12M 24 EUR mn | Operating {{t\|insurance revenue\|\|Insurance revenue}} 12M 25 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 12M 24 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 12M 25 EUR mn | Contractual service margin (49) 31.12.2024 EUR mn | Contractual service margin (49) 31.12.2025 EUR mn |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany Life | {{t\|24,421\|g85r2a-wr8p}} | {{t\|26,929\|g85r2a-0e82}} | {{t\|10.3\|g85r2a-gqf6}} | {{t\|5,349\|g85r2a-6mce}} | {{t\|5,810\|g85r2a-oysr}} | {{t\|1,184\|g85r2a-f797}} | {{t\|1,192\|g85r2a-py8k}} | {{t\|15,840\|g85r2a-ke3e}} | {{t\|16,916\|g85r2a-aphr}} |
| Germany Health | {{t\|4,322\|g85r2a-5of9}} | {{t\|4,663\|g85r2a-ay0f}} | {{t\|7.9\|g85r2a-rp9t}} | {{t\|4,386\|g85r2a-v3j9}} | {{t\|4,720\|g85r2a-8yce}} | {{t\|244\|g85r2a-rxwx}} | {{t\|259\|g85r2a-rzqr}} | {{t\|7,379\|g85r2a-l1jo}} | {{t\|7,437\|g85r2a-oi4u}} |
| Germany APR | n.m. | {{t\|474\|g85r2a-r1jz}} | {{t\|1.2\|g85r2a-5wbm}} | n.m. | {{t\|165\|g85r2a-2q15}} | n.m. | {{t\|67\|g85r2a-kpk7}} | n.m. | {{t\|515\|g85r2a-dwej}} |
| Switzerland | {{t\|1,697\|g85r2a-xn0y}} | {{t\|1,767\|g85r2a-qplq}} | {{t\|3.0\|g85r2a-24ni}} | {{t\|491\|g85r2a-pgbr}} | {{t\|483\|g85r2a-30kb}} | {{t\|120\|g85r2a-94zb}} | {{t\|122\|g85r2a-wobz}} | {{t\|1,838\|g85r2a-dxvh}} | {{t\|1,830\|g85r2a-329z}} |
| Central Europe (51) | {{t\|2,118\|g85r2a-jft0}} | {{t\|2,402\|g85r2a-q3fy}} | {{t\|5.0\|g85r2a-d3so}} | {{t\|1,044\|g85r2a-27p0}} | {{t\|1,309\|g85r2a-r4kh}} | {{t\|517\|g85r2a-kcw8}} | {{t\|588\|g85r2a-uu6y}} | {{t\|2,002\|g85r2a-0pxz}} | {{t\|2,951\|g85r2a-jdr3}} |
| **German Speaking Countries and Central Europe** | {{t\|32,559\|g85r2a-gzkl}} | {{t\|36,236\|g85r2a-ruvv}} | {{t\|9.1\|g85r2a-d7jt}} | {{t\|11,271\|g85r2a-wpip}} | {{t\|12,486\|g85r2a-n2xc}} | {{t\|2,065\|g85r2a-z4ob}} | {{t\|2,229\|g85r2a-1cwe}} | {{t\|27,059\|g85r2a-yv8x}} | {{t\|29,649\|g85r2a-lgo8}} |
| Italy | {{t\|13,257\|g85r2a-dmsk}} | {{t\|12,485\|g85r2a-p5lf}} | {{t\|15.5\|g85r2a-urp0}} | {{t\|1,421\|g85r2a-u19i}} | {{t\|1,141\|g85r2a-j25t}} | {{t\|585\|g85r2a-f3y8}} | {{t\|494\|g85r2a-ouj0}} | {{t\|3,532\|g85r2a-x50z}} | {{t\|2,978\|g85r2a-27rs}} |
| France | {{t\|8,003\|g85r2a-0f21}} | {{t\|7,911\|g85r2a-s1s5}} | {{t\|-1.1\|g85r2a-71vz}} | {{t\|3,888\|g85r2a-9q4w}} | {{t\|3,811\|g85r2a-8red}} | {{t\|625\|g85r2a-sh5t}} | {{t\|645\|g85r2a-1n5w}} | {{t\|4,306\|g85r2a-cq0k}} | {{t\|4,655\|g85r2a-1t6b}} |
| Benelux | {{t\|2,424\|g85r2a-z401}} | {{t\|2,571\|g85r2a-lyu0}} | {{t\|6.1\|g85r2a-s54o}} | {{t\|441\|g85r2a-nxcd}} | {{t\|472\|g85r2a-aeen}} | {{t\|151\|g85r2a-co0u}} | {{t\|152\|g85r2a-xx0q}} | {{t\|981\|g85r2a-dtxr}} | {{t\|1,126\|g85r2a-zdll}} |
| Türkiye | {{t\|1,474\|g85r2a-pwlr}} | {{t\|2,057\|g85r2a-rhjh}} | {{t\|92.2\|g85r2a-u16s}} | {{t\|165\|g85r2a-jxtm}} | {{t\|192\|g85r2a-8x2a}} | {{t\|180\|g85r2a-jcww}} | {{t\|189\|g85r2a-77ic}} | {{t\|105\|g85r2a-hz27}} | {{t\|129\|g85r2a-yg4e}} |
| Greece | {{t\|157\|g85r2a-kdgl}} | {{t\|163\|g85r2a-6ngl}} | {{t\|3.8\|g85r2a-e73v}} | {{t\|114\|g85r2a-c9t9}} | {{t\|116\|g85r2a-nl2a}} | {{t\|3\|g85r2a-05au}} | {{t\|-6\|g85r2a-bsh0}} | {{t\|54\|g85r2a-odoz}} | {{t\|54\|g85r2a-zfh1}} |
| **Western & Southern Europe** | {{t\|25,315\|g85r2a-d1p2}} | {{t\|25,187\|g85r2a-p6xj}} | {{t\|13.5\|g85r2a-y93v}} | {{t\|6,029\|g85r2a-ytdc}} | {{t\|5,731\|g85r2a-lvzy}} | {{t\|1,544\|g85r2a-for4}} | {{t\|1,474\|g85r2a-q8g8}} | {{t\|8,977\|g85r2a-6xls}} | {{t\|8,942\|g85r2a-7v6k}} |
| **Asia Pacific** | {{t\|6,795\|g85r2a-7qd0}} | {{t\|7,304\|g85r2a-kba4}} | {{t\|9.6\|g85r2a-nwz4}} | {{t\|2,311\|g85r2a-jd7s}} | {{t\|2,524\|g85r2a-2i5l}} | {{t\|620\|g85r2a-4iex}} | {{t\|603\|g85r2a-i206}} | {{t\|5,306\|g85r2a-heky}} | {{t\|5,296\|g85r2a-c68p}} |
| **USA** | {{t\|22,383\|g85r2a-vpbt}} | {{t\|21,829\|g85r2a-p1mz}} | {{t\|2.0\|g85r2a-04z2}} | {{t\|2,666\|g85r2a-4nl1}} | {{t\|2,812\|g85r2a-qryw}} | {{t\|1,076\|g85r2a-gu2i}} | {{t\|1,038\|g85r2a-np1m}} | {{t\|13,169\|g85r2a-yo07}} | {{t\|10,923\|g85r2a-hihh}} |
| Reinsurance L/H | {{t\|578\|g85r2a-kw2v}} | {{t\|542\|g85r2a-t5ek}} | {{t\|-6.6\|g85r2a-88v4}} | {{t\|505\|g85r2a-clid}} | {{t\|484\|g85r2a-i6fk}} | {{t\|39\|g85r2a-5scx}} | {{t\|47\|g85r2a-muq1}} | {{t\|663\|g85r2a-okpw}} | {{t\|520\|g85r2a-ct80}} |
| Spain | {{t\|618\|g85r2a-uvge}} | {{t\|268\|g85r2a-6ev6}} | {{t\|4.6\|g85r2a-mrpp}} | {{t\|294\|g85r2a-90e6}} | {{t\|414\|g85r2a-lx9s}} | {{t\|65\|g85r2a-9dxm}} | {{t\|76\|g85r2a-m925}} | {{t\|417\|g85r2a-dp1u}} | {{t\|364\|g85r2a-hqij}} |
| Portugal | {{t\|182\|g85r2a-aqzr}} | {{t\|168\|g85r2a-toka}} | {{t\|-7.5\|g85r2a-n9v1}} | {{t\|77\|g85r2a-qr8a}} | {{t\|74\|g85r2a-wlnx}} | {{t\|15\|g85r2a-4vo2}} | {{t\|13\|g85r2a-4z35}} | {{t\|1\|g85r2a-ypzw}} | {{t\|1\|g85r2a-zho7}} |
| Latin America | {{t\|1,017\|g85r2a-m2n2}} | {{t\|1,286\|g85r2a-ms18}} | {{t\|37.9\|g85r2a-0yxp}} | {{t\|127\|g85r2a-obml}} | {{t\|129\|g85r2a-ztgm}} | {{t\|93\|g85r2a-padt}} | {{t\|99\|g85r2a-uvon}} | {{t\|112\|g85r2a-i2td}} | {{t\|118\|g85r2a-hh89}} |
| Africa | n.m. | n.m. | n.m. | n.m. | n.m. | {{t\|24\|g85r2a-6y3y}} | {{t\|63\|g85r2a-evlv}} | n.m. | n.m. |
| Middle East | {{t\|5\|g85r2a-uano}} | n.m. | n.m. | {{t\|3\|g85r2a-sei9}} | n.m. | n.m. | n.m. | n.m. | n.m. |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|2,400\|g85r2a-rmwx}} | {{t\|2,264\|g85r2a-yqou}} | {{t\|15.1\|g85r2a-a3au}} | {{t\|1,007\|g85r2a-fqqr}} | {{t\|1,101\|g85r2a-o67g}} | {{t\|236\|g85r2a-nfae}} | {{t\|296\|g85r2a-fx12}} | {{t\|1,192\|g85r2a-zqem}} | {{t\|1,002\|g85r2a-b93q}} |
| Consolidation and Other (52) | {{t\|-135\|g85r2a-f4kv}} | {{t\|-507\|g85r2a-kfq5}} | n.m. | {{t\|-145\|g85r2a-qznd}} | {{t\|-128\|g85r2a-gx26}} | {{t\|-35\|g85r2a-c2gq}} | {{t\|-39\|g85r2a-huph}} | {{t\|-132\|g85r2a-xl6s}} | {{t\|-108\|g85r2a-yzwx}} |
| **Total** | {{t\|89,317\|g85r2a-p7qu}} | {{t\|92,314\|g85r2a-howo}} | {{t\|8.2\|g85r2a-m4ib}} | {{t\|23,138\|g85r2a-8c5b}} | {{t\|24,527\|g85r2a-teg5}} | {{t\|5,505\|g85r2a-tak0}} | {{t\|5,601\|g85r2a-iorl}} | {{t\|55,571\|g85r2a-dvf6}} | {{t\|55,703\|g85r2a-rbgh}} |
(48) Total business volume comprises statutory gross premiums.
(49) Includes gross CSM of EUR 0.8bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25.
(50) This reflects the growth of total business volume on an internal basis, adjusted for foreign currency translation and (de-)consolidation effects.
(51) Includes the Austrian health business from 01.01.2025.
(52) Includes small entities and elimination of transactions between Allianz Group entities in different geographic regions." |
|---|
|
| id | "g85r2a-c18" |
|---|
| chunk | 18 |
|---|
| pages | |
|---|
| heading | "L&H by Region QTD" |
|---|
| tags | |
|---|
| links | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| content | "**Life and health business volume, operating insurance revenue, operating profit, and contractual service margin by region. (Internal growth (55))**
| In EUR million | Total business volume (53) 4Q 24 EUR mn | Total business volume (53) 4Q 25 EUR mn | Total business volume (53) 4Q 25 % | Operating {{t\|insurance revenue\|\|Insurance revenue}} 4Q 24 EUR mn | Operating {{t\|insurance revenue\|\|Insurance revenue}} 4Q 25 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 4Q 24 EUR mn | {{t\|Operating profit\|\|Underlying earnings}} (loss) 4Q 25 EUR mn | Contractual service margin (54) 31.12.2024 EUR mn | Contractual service margin (54) 31.12.2025 EUR mn |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany Life | {{t\|7,358\|g85r2a-zz5c}} | {{t\|6,124\|g85r2a-on5d}} | {{t\|-16.8\|g85r2a-roms}} | {{t\|1,601\|g85r2a-bcoa}} | {{t\|1,866\|g85r2a-erhx}} | {{t\|328\|g85r2a-mpl8}} | {{t\|332\|g85r2a-n4oh}} | {{t\|15,840\|g85r2a-9btk}} | {{t\|16,916\|g85r2a-rsg5}} |
| Germany Health | {{t\|1,087\|g85r2a-67om}} | {{t\|1,177\|g85r2a-qv38}} | {{t\|8.2\|g85r2a-epmu}} | {{t\|1,137\|g85r2a-wket}} | {{t\|1,186\|g85r2a-868t}} | {{t\|81\|g85r2a-eoza}} | {{t\|76\|g85r2a-gbkm}} | {{t\|7,379\|g85r2a-j0nf}} | {{t\|7,437\|g85r2a-l85f}} |
| Germany APR | n.m. | {{t\|130\|g85r2a-zvc3}} | {{t\|4.6\|g85r2a-c0yp}} | n.m. | {{t\|39\|g85r2a-47is}} | n.m. | {{t\|14\|g85r2a-7sz7}} | n.m. | {{t\|515\|g85r2a-d2ws}} |
| Switzerland | {{t\|261\|g85r2a-bax1}} | {{t\|278\|g85r2a-flgv}} | {{t\|5.6\|g85r2a-09hd}} | {{t\|129\|g85r2a-7zh9}} | {{t\|124\|g85r2a-7p1x}} | {{t\|33\|g85r2a-vwan}} | {{t\|38\|g85r2a-ui74}} | {{t\|1,838\|g85r2a-auhp}} | {{t\|1,830\|g85r2a-c9wx}} |
| Central Europe (56) | {{t\|551\|g85r2a-wpre}} | {{t\|645\|g85r2a-jtql}} | {{t\|7.9\|g85r2a-0lu0}} | {{t\|276\|g85r2a-djbm}} | {{t\|354\|g85r2a-e49n}} | {{t\|128\|g85r2a-5e6v}} | {{t\|145\|g85r2a-74hp}} | {{t\|2,002\|g85r2a-x1pt}} | {{t\|2,951\|g85r2a-rhbo}} |
| **German Speaking Countries and Central Europe** | {{t\|9,257\|g85r2a-34zv}} | {{t\|8,355\|g85r2a-shb0}} | {{t\|-11.4\|g85r2a-afg7}} | {{t\|3,144\|g85r2a-4mes}} | {{t\|3,570\|g85r2a-1lz9}} | {{t\|570\|g85r2a-ly38}} | {{t\|605\|g85r2a-tpi5}} | {{t\|27,059\|g85r2a-mh77}} | {{t\|29,649\|g85r2a-rbez}} |
| Italy | {{t\|3,809\|g85r2a-6wed}} | {{t\|3,017\|g85r2a-aq0o}} | {{t\|18.9\|g85r2a-j0mj}} | {{t\|469\|g85r2a-o7sv}} | {{t\|270\|g85r2a-yw2m}} | {{t\|132\|g85r2a-0cpe}} | {{t\|91\|g85r2a-mamm}} | {{t\|3,532\|g85r2a-9fih}} | {{t\|2,978\|g85r2a-pp64}} |
| France | {{t\|2,101\|g85r2a-um9j}} | {{t\|2,288\|g85r2a-d5r4}} | {{t\|8.9\|g85r2a-u5le}} | {{t\|904\|g85r2a-99iq}} | {{t\|866\|g85r2a-3jd0}} | {{t\|151\|g85r2a-6x3n}} | {{t\|193\|g85r2a-73wt}} | {{t\|4,306\|g85r2a-0alm}} | {{t\|4,655\|g85r2a-37xr}} |
| Benelux | {{t\|696\|g85r2a-jxou}} | {{t\|790\|g85r2a-11c1}} | {{t\|13.5\|g85r2a-rk8l}} | {{t\|121\|g85r2a-vjmk}} | {{t\|123\|g85r2a-e766}} | {{t\|37\|g85r2a-g5wi}} | {{t\|42\|g85r2a-suv7}} | {{t\|981\|g85r2a-sukl}} | {{t\|1,126\|g85r2a-bwyk}} |
| Türkiye | {{t\|511\|g85r2a-h4rc}} | {{t\|742\|g85r2a-kc5o}} | {{t\|99.9\|g85r2a-9nhx}} | {{t\|52\|g85r2a-ghdb}} | {{t\|49\|g85r2a-dnqs}} | {{t\|56\|g85r2a-ya10}} | {{t\|46\|g85r2a-1xng}} | {{t\|105\|g85r2a-vveq}} | {{t\|129\|g85r2a-ylrs}} |
| Greece | {{t\|43\|g85r2a-5wpf}} | {{t\|45\|g85r2a-qc98}} | {{t\|3.6\|g85r2a-5g5o}} | {{t\|30\|g85r2a-qei2}} | {{t\|31\|g85r2a-fzgz}} | {{t\|-0\|g85r2a-pgpq}} | {{t\|-4\|g85r2a-kkn9}} | {{t\|54\|g85r2a-ea2y}} | {{t\|54\|g85r2a-c26g}} |
| **Western & Southern Europe** | {{t\|7,161\|g85r2a-3q39}} | {{t\|6,882\|g85r2a-8rmc}} | {{t\|21.6\|g85r2a-c34a}} | {{t\|1,576\|g85r2a-5aqg}} | {{t\|1,339\|g85r2a-brbo}} | {{t\|376\|g85r2a-hthb}} | {{t\|368\|g85r2a-ne8x}} | {{t\|8,977\|g85r2a-g65p}} | {{t\|8,942\|g85r2a-a50x}} |
| **Asia Pacific** | {{t\|1,794\|g85r2a-17q5}} | {{t\|1,763\|g85r2a-0orc}} | {{t\|4.9\|g85r2a-jrdl}} | {{t\|614\|g85r2a-wcaa}} | {{t\|651\|g85r2a-gjnb}} | {{t\|164\|g85r2a-9jvg}} | {{t\|104\|g85r2a-25cy}} | {{t\|5,306\|g85r2a-mows}} | {{t\|5,296\|g85r2a-9anc}} |
| **USA** | {{t\|5,417\|g85r2a-j9d0}} | {{t\|5,882\|g85r2a-9gv7}} | {{t\|18.4\|g85r2a-a7vb}} | {{t\|717\|g85r2a-fgw9}} | {{t\|707\|g85r2a-m61i}} | {{t\|250\|g85r2a-r6bt}} | {{t\|209\|g85r2a-yzuf}} | {{t\|13,169\|g85r2a-9i1l}} | {{t\|10,923\|g85r2a-fgbk}} |
| Reinsurance L/H | {{t\|143\|g85r2a-fjdh}} | {{t\|126\|g85r2a-ojnf}} | {{t\|-12.8\|g85r2a-dclu}} | {{t\|110\|g85r2a-alwm}} | {{t\|127\|g85r2a-j3fq}} | {{t\|14\|g85r2a-7lr0}} | {{t\|13\|g85r2a-k5tx}} | {{t\|663\|g85r2a-zgcl}} | {{t\|520\|g85r2a-eifx}} |
| Spain | {{t\|191\|g85r2a-hhio}} | {{t\|207\|g85r2a-0tca}} | {{t\|8.4\|g85r2a-lsrx}} | {{t\|76\|g85r2a-g7pd}} | {{t\|73\|g85r2a-cpq9}} | {{t\|19\|g85r2a-uqko}} | {{t\|20\|g85r2a-p54y}} | {{t\|417\|g85r2a-pslt}} | {{t\|364\|g85r2a-fg1r}} |
| Portugal | {{t\|76\|g85r2a-fn7j}} | {{t\|76\|g85r2a-lue4}} | {{t\|-0.1\|g85r2a-w74s}} | {{t\|19\|g85r2a-d48u}} | {{t\|18\|g85r2a-qj7n}} | {{t\|3\|g85r2a-wgjd}} | {{t\|2\|g85r2a-lly2}} | {{t\|1\|g85r2a-ziqp}} | {{t\|1\|g85r2a-wrnu}} |
| Latin America | {{t\|261\|g85r2a-3piv}} | {{t\|377\|g85r2a-rwpa}} | {{t\|43.0\|g85r2a-d9xo}} | {{t\|33\|g85r2a-8y8g}} | {{t\|37\|g85r2a-2slg}} | {{t\|23\|g85r2a-j6ul}} | {{t\|26\|g85r2a-gu24}} | {{t\|112\|g85r2a-yt0u}} | {{t\|118\|g85r2a-3pdb}} |
| Africa | n.m. | n.m. | n.m. | n.m. | n.m. | {{t\|4\|g85r2a-hni6}} | {{t\|21\|g85r2a-zqwx}} | n.m. | n.m. |
| Middle East | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. | n.m. |
| **Global Insurance Lines & Anglo Markets, Iberia & Latin America, Africa** | {{t\|671\|g85r2a-wf4z}} | {{t\|785\|g85r2a-wx5z}} | {{t\|16.4\|g85r2a-76oo}} | {{t\|239\|g85r2a-7hvl}} | {{t\|255\|g85r2a-06q5}} | {{t\|63\|g85r2a-i8t7}} | {{t\|83\|g85r2a-ep9t}} | {{t\|1,192\|g85r2a-gxiz}} | {{t\|1,002\|g85r2a-9ut0}} |
| Consolidation and Other (57) | {{t\|-25\|g85r2a-0yb0}} | {{t\|-25\|g85r2a-uvhd}} | n.m. | {{t\|-25\|g85r2a-asig}} | {{t\|-45\|g85r2a-toul}} | {{t\|-0\|g85r2a-ifjf}} | {{t\|-5\|g85r2a-78h3}} | {{t\|-132\|g85r2a-rxxy}} | {{t\|-108\|g85r2a-9vz5}} |
| **Total** | {{t\|24,277\|g85r2a-053x}} | {{t\|23,642\|g85r2a-bjmt}} | {{t\|6.0\|g85r2a-re4l}} | {{t\|6,264\|g85r2a-amwb}} | {{t\|6,476\|g85r2a-mf5h}} | {{t\|1,424\|g85r2a-pnvv}} | {{t\|1,364\|g85r2a-d5l2}} | {{t\|55,571\|g85r2a-jfsn}} | {{t\|55,703\|g85r2a-jjnr}} |
(53) Total business volume comprises statutory gross premiums.
(54) Includes gross CSM of EUR 0.8bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25.
(55) This reflects the growth of total business volume on an internal basis, adjusted for foreign currency translation and (de-)consolidation effects.
(56) Includes the Austrian health business from 01.01.2025.
(57) Includes small entities and elimination of transactions between Allianz Group entities in different geographic regions." |
|---|
|
| id | "g85r2a-c19" |
|---|
| chunk | 19 |
|---|
| pages | |
|---|
| heading | "L&H Details YTD" |
|---|
| tags | |
|---|
| links | | "Net investment income" |
| "Underlying earnings" |
| "Insurance revenue" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Life and health segment operating profit build-up by product type, YTD.**
| In EUR million | Life/Health segment 12M 24 | Life/Health segment 12M 25 (58) | Capital-efficient products 12M 24 | Capital-efficient products 12M 25 (58) | Unit-linked without guarantees 12M 24 | Unit-linked without guarantees 12M 25 (58) | Protection & health 12M 24 | Protection & health 12M 25 (58) | Guaranteed savings & annuities 12M 24 | Guaranteed savings & annuities 12M 25 (58) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Release CSM | {{t\|5,137\|g85r2a-x4ac}} | {{t\|5,440\|g85r2a-g6tx}} | {{t\|1,602\|g85r2a-k0fe}} | {{t\|1,625\|g85r2a-duk1}} | {{t\|619\|g85r2a-397g}} | {{t\|637\|g85r2a-n373}} | {{t\|1,537\|g85r2a-wdo2}} | {{t\|1,702\|g85r2a-6ofd}} | {{t\|1,378\|g85r2a-7jd5}} | {{t\|1,476\|g85r2a-noek}} |
| Release risk adjustment | {{t\|488\|g85r2a-134b}} | {{t\|523\|g85r2a-pvld}} | {{t\|104\|g85r2a-4vru}} | {{t\|105\|g85r2a-m9rq}} | {{t\|70\|g85r2a-aans}} | {{t\|81\|g85r2a-1eg1}} | {{t\|212\|g85r2a-ibql}} | {{t\|228\|g85r2a-mjxq}} | {{t\|102\|g85r2a-qcdo}} | {{t\|108\|g85r2a-pt5s}} |
| Variances from claims and expenses (59) | {{t\|56\|g85r2a-5zbk}} | {{t\|46\|g85r2a-xijn}} | {{t\|49\|g85r2a-g90s}} | {{t\|188\|g85r2a-yzxe}} | {{t\|-15\|g85r2a-ysgc}} | {{t\|-21\|g85r2a-61y1}} | {{t\|-18\|g85r2a-4fsa}} | {{t\|-26\|g85r2a-blg7}} | {{t\|40\|g85r2a-tf4m}} | {{t\|-96\|g85r2a-5b4b}} |
| Losses on onerous contracts | {{t\|-41\|g85r2a-n5j7}} | {{t\|-84\|g85r2a-x70j}} | {{t\|-1\|g85r2a-puna}} | {{t\|-2\|g85r2a-wf8s}} | {{t\|1\|g85r2a-4blk}} | {{t\|-2\|g85r2a-voyv}} | {{t\|-37\|g85r2a-15wi}} | {{t\|-60\|g85r2a-47hx}} | {{t\|-4\|g85r2a-ieue}} | {{t\|-20\|g85r2a-lx38}} |
| Non-attributable expenses | {{t\|-1,141\|g85r2a-5bke}} | {{t\|-1,202\|g85r2a-5fmj}} | {{t\|-289\|g85r2a-zjgw}} | {{t\|-295\|g85r2a-sq6l}} | {{t\|-96\|g85r2a-88q8}} | {{t\|-80\|g85r2a-qylh}} | {{t\|-350\|g85r2a-8tmf}} | {{t\|-367\|g85r2a-62x8}} | {{t\|-405\|g85r2a-2fbi}} | {{t\|-460\|g85r2a-opph}} |
| Operating {{t\|investment result\|\|Net investment income}} | {{t\|662\|g85r2a-6uil}} | {{t\|525\|g85r2a-qpg0}} | {{t\|80\|g85r2a-drt5}} | {{t\|-52\|g85r2a-c124}} | {{t\|80\|g85r2a-zod5}} | {{t\|92\|g85r2a-7fol}} | {{t\|45\|g85r2a-oce4}} | {{t\|19\|g85r2a-gt5k}} | {{t\|456\|g85r2a-bmcm}} | {{t\|467\|g85r2a-a1vr}} |
| Other {{t\|operating result\|\|Underlying earnings}} | {{t\|343\|g85r2a-a5xe}} | {{t\|353\|g85r2a-3uxg}} | {{t\|22\|g85r2a-c7j8}} | {{t\|34\|g85r2a-xvp1}} | {{t\|292\|g85r2a-olbp}} | {{t\|285\|g85r2a-3seu}} | {{t\|-7\|g85r2a-l181}} | {{t\|2\|g85r2a-7skh}} | {{t\|36\|g85r2a-2ec7}} | {{t\|32\|g85r2a-8qa3}} |
| {{t\|Operating profit\|\|Underlying earnings}} | {{t\|5,505\|g85r2a-ob2v}} | {{t\|5,601\|g85r2a-l5n0}} | {{t\|1,567\|g85r2a-oy8i}} | {{t\|1,603\|g85r2a-uyck}} | {{t\|952\|g85r2a-24qn}} | {{t\|993\|g85r2a-85hx}} | {{t\|1,382\|g85r2a-tbjw}} | {{t\|1,498\|g85r2a-p8se}} | {{t\|1,604\|g85r2a-sjou}} | {{t\|1,507\|g85r2a-vatr}} |
| Total business volume (60) | {{t\|89,317\|g85r2a-mmu4}} | {{t\|92,314\|g85r2a-0r82}} | {{t\|40,884\|g85r2a-rhgp}} | {{t\|41,759\|g85r2a-y7y0}} | {{t\|19,922\|g85r2a-72k6}} | {{t\|21,405\|g85r2a-a6ki}} | {{t\|15,319\|g85r2a-hme2}} | {{t\|15,908\|g85r2a-hww9}} | {{t\|13,191\|g85r2a-iy1v}} | {{t\|13,242\|g85r2a-j5z1}} |
| Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|23,138\|g85r2a-nos4}} | {{t\|24,527\|g85r2a-30yx}} | {{t\|3,433\|g85r2a-94ew}} | {{t\|3,733\|g85r2a-02c9}} | {{t\|1,577\|g85r2a-tdgv}} | {{t\|1,592\|g85r2a-0f7j}} | {{t\|12,820\|g85r2a-jh0x}} | {{t\|13,558\|g85r2a-z7oj}} | {{t\|5,307\|g85r2a-8fho}} | {{t\|5,644\|g85r2a-qna3}} |
| Contractual service margin (gross) (61) | {{t\|55,571\|g85r2a-wsee}} | {{t\|55,703\|g85r2a-enno}} | {{t\|17,190\|g85r2a-41e6}} | {{t\|16,245\|g85r2a-19gj}} | {{t\|6,045\|g85r2a-qz2n}} | {{t\|6,382\|g85r2a-avjp}} | {{t\|17,388\|g85r2a-9uv8}} | {{t\|18,018\|g85r2a-uqjn}} | {{t\|14,948\|g85r2a-py9g}} | {{t\|15,058\|g85r2a-vk5w}} |
| PVFCF (62) | {{t\|649,968\|g85r2a-kk02}} | {{t\|633,941\|g85r2a-6wgw}} | {{t\|234,052\|g85r2a-3g2t}} | {{t\|237,659\|g85r2a-9a58}} | {{t\|83,794\|g85r2a-ea4x}} | {{t\|78,990\|g85r2a-ri73}} | {{t\|46,648\|g85r2a-v82o}} | {{t\|45,147\|g85r2a-4j2x}} | {{t\|285,474\|g85r2a-v8h4}} | {{t\|272,145\|g85r2a-f7dy}} |
| **Present value of new business premiums** | {{t\|81,827\|g85r2a-bkl4}} | {{t\|84,682\|g85r2a-mjhh}} | {{t\|40,403\|g85r2a-k54u}} | {{t\|37,961\|g85r2a-a2ze}} | {{t\|19,478\|g85r2a-elim}} | {{t\|22,380\|g85r2a-cdg2}} | {{t\|16,072\|g85r2a-o7ha}} | {{t\|16,960\|g85r2a-60ah}} | {{t\|5,874\|g85r2a-bib6}} | {{t\|7,381\|g85r2a-b82t}} |
| **New business margin (in %)** | {{t\|5.7\|g85r2a-aag2}} | {{t\|5.7\|g85r2a-ciao}} | {{t\|5.2\|g85r2a-58cl}} | {{t\|5.3\|g85r2a-omgo}} | {{t\|4.2\|g85r2a-g3jx}} | {{t\|4.1\|g85r2a-r4nt}} | {{t\|9.2\|g85r2a-21f4}} | {{t\|9.2\|g85r2a-n67g}} | {{t\|5.1\|g85r2a-cegn}} | {{t\|4.9\|g85r2a-87jv}} |
| **Value of new business** | {{t\|4,694\|g85r2a-9b5m}} | {{t\|4,829\|g85r2a-274o}} | {{t\|2,112\|g85r2a-arkv}} | {{t\|2,002\|g85r2a-2p4z}} | {{t\|813\|g85r2a-5ehu}} | {{t\|907\|g85r2a-4mc8}} | {{t\|1,472\|g85r2a-chsf}} | {{t\|1,562\|g85r2a-fbtg}} | {{t\|297\|g85r2a-7x3y}} | {{t\|358\|g85r2a-c6c1}} |
(58) Includes the German APR and the Austrian health businesses from 01.01.2025.
(59) Including operating reinsurance result.
(60) Total business volume comprises statutory gross premiums.
(61) Includes gross CSM of EUR 0.8bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25.
(62) Refers to liability for remaining coverage (LRC). Includes gross PVFCF of 21.2bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25." |
|---|
|
| id | "g85r2a-c20" |
|---|
| chunk | 20 |
|---|
| pages | |
|---|
| heading | "L&H Details QTD" |
|---|
| tags | |
|---|
| links | | "Net investment income" |
| "Underlying earnings" |
| "Insurance revenue" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Life and health segment operating profit build-up by product type, QTD.**
| In EUR million | Life/Health segment 4Q 24 | Life/Health segment 4Q 25 (63) | Capital-efficient products 4Q 24 | Capital-efficient products 4Q 25 (63) | Unit-linked without guarantees 4Q 24 | Unit-linked without guarantees 4Q 25 (63) | Protection & health 4Q 24 | Protection & health 4Q 25 (63) | Guaranteed savings & annuities 4Q 24 | Guaranteed savings & annuities 4Q 25 (63) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Release CSM | {{t\|1,354\|g85r2a-lhkz}} | {{t\|1,357\|g85r2a-wx29}} | {{t\|430\|g85r2a-ddtq}} | {{t\|379\|g85r2a-rckh}} | {{t\|147\|g85r2a-dyk4}} | {{t\|177\|g85r2a-k9r3}} | {{t\|402\|g85r2a-t4j1}} | {{t\|440\|g85r2a-7lsh}} | {{t\|375\|g85r2a-zlkz}} | {{t\|361\|g85r2a-ge5z}} |
| Release risk adjustment | {{t\|125\|g85r2a-x6z9}} | {{t\|144\|g85r2a-gbc7}} | {{t\|24\|g85r2a-w6rj}} | {{t\|27\|g85r2a-eibz}} | {{t\|21\|g85r2a-cas3}} | {{t\|26\|g85r2a-vsdx}} | {{t\|52\|g85r2a-n3bp}} | {{t\|58\|g85r2a-ij0w}} | {{t\|27\|g85r2a-5qy5}} | {{t\|33\|g85r2a-v7oh}} |
| Variances from claims and expenses (64) | {{t\|65\|g85r2a-xomh}} | {{t\|30\|g85r2a-59ac}} | {{t\|64\|g85r2a-8bmx}} | {{t\|50\|g85r2a-s86g}} | {{t\|5\|g85r2a-wayu}} | {{t\|-11\|g85r2a-9eo3}} | {{t\|-6\|g85r2a-fr0x}} | {{t\|5\|g85r2a-svu7}} | {{t\|2\|g85r2a-ybmm}} | {{t\|-14\|g85r2a-68na}} |
| Losses on onerous contracts | {{t\|-20\|g85r2a-shju}} | {{t\|-42\|g85r2a-cppu}} | {{t\|-1\|g85r2a-6u4a}} | {{t\|-1\|g85r2a-hv29}} | {{t\|1\|g85r2a-uca5}} | {{t\|-2\|g85r2a-sopi}} | {{t\|-17\|g85r2a-tf9k}} | {{t\|-24\|g85r2a-kdry}} | {{t\|-3\|g85r2a-b95a}} | {{t\|-14\|g85r2a-9qmn}} |
| Non-attributable expenses | {{t\|-337\|g85r2a-9yq8}} | {{t\|-320\|g85r2a-q7zk}} | {{t\|-94\|g85r2a-ik63}} | {{t\|-76\|g85r2a-nkis}} | {{t\|-35\|g85r2a-7o66}} | {{t\|-25\|g85r2a-o3p4}} | {{t\|-101\|g85r2a-sogb}} | {{t\|-95\|g85r2a-ys61}} | {{t\|-106\|g85r2a-vuj4}} | {{t\|-124\|g85r2a-r48b}} |
| Operating {{t\|investment result\|\|Net investment income}} | {{t\|151\|g85r2a-ayqa}} | {{t\|102\|g85r2a-ws08}} | {{t\|-22\|g85r2a-a2is}} | {{t\|-54\|g85r2a-w22v}} | {{t\|24\|g85r2a-jcwd}} | {{t\|26\|g85r2a-lh74}} | {{t\|20\|g85r2a-6rcc}} | {{t\|-3\|g85r2a-sk9d}} | {{t\|129\|g85r2a-vtaz}} | {{t\|133\|g85r2a-rwi8}} |
| Other {{t\|operating result\|\|Underlying earnings}} | {{t\|86\|g85r2a-v4iy}} | {{t\|92\|g85r2a-ocda}} | {{t\|-1\|g85r2a-isvj}} | {{t\|8\|g85r2a-zdf4}} | {{t\|79\|g85r2a-3xz0}} | {{t\|78\|g85r2a-48zr}} | {{t\|-2\|g85r2a-dafz}} | {{t\|1\|g85r2a-xwss}} | {{t\|10\|g85r2a-rv71}} | {{t\|6\|g85r2a-fakl}} |
| {{t\|Operating profit\|\|Underlying earnings}} | {{t\|1,424\|g85r2a-uscp}} | {{t\|1,364\|g85r2a-8csp}} | {{t\|400\|g85r2a-wve7}} | {{t\|332\|g85r2a-17bo}} | {{t\|242\|g85r2a-n9ea}} | {{t\|270\|g85r2a-gqk4}} | {{t\|348\|g85r2a-kian}} | {{t\|382\|g85r2a-o5qd}} | {{t\|434\|g85r2a-2f10}} | {{t\|381\|g85r2a-wf62}} |
| Total business volume (65) | {{t\|24,277\|g85r2a-l4aa}} | {{t\|23,642\|g85r2a-4vhw}} | {{t\|11,323\|g85r2a-7n6i}} | {{t\|10,026\|g85r2a-tjyh}} | {{t\|5,495\|g85r2a-rdmw}} | {{t\|5,906\|g85r2a-0umd}} | {{t\|3,905\|g85r2a-3zu2}} | {{t\|3,920\|g85r2a-73yf}} | {{t\|3,554\|g85r2a-6bio}} | {{t\|3,791\|g85r2a-l25t}} |
| Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|6,264\|g85r2a-dpzj}} | {{t\|6,476\|g85r2a-u1er}} | {{t\|939\|g85r2a-hxgm}} | {{t\|977\|g85r2a-4rsx}} | {{t\|393\|g85r2a-nth5}} | {{t\|397\|g85r2a-b2hv}} | {{t\|3,341\|g85r2a-7wy3}} | {{t\|3,381\|g85r2a-u37k}} | {{t\|1,590\|g85r2a-r1s9}} | {{t\|1,720\|g85r2a-wdkf}} |
| Contractual service margin (gross) (66) | {{t\|55,571\|g85r2a-woak}} | {{t\|55,703\|g85r2a-y46z}} | {{t\|17,190\|g85r2a-i0kg}} | {{t\|16,245\|g85r2a-9ubg}} | {{t\|6,045\|g85r2a-p3s2}} | {{t\|6,382\|g85r2a-1sp7}} | {{t\|17,388\|g85r2a-oiah}} | {{t\|18,018\|g85r2a-rt4e}} | {{t\|14,948\|g85r2a-budi}} | {{t\|15,058\|g85r2a-r0z4}} |
| PVFCF (67) | {{t\|649,968\|g85r2a-h76i}} | {{t\|633,941\|g85r2a-03he}} | {{t\|234,052\|g85r2a-017d}} | {{t\|237,659\|g85r2a-aqyr}} | {{t\|83,794\|g85r2a-chx2}} | {{t\|78,990\|g85r2a-hm6u}} | {{t\|46,648\|g85r2a-kbgt}} | {{t\|45,147\|g85r2a-8t7m}} | {{t\|285,474\|g85r2a-cnis}} | {{t\|272,145\|g85r2a-djnt}} |
| **Present value of new business premiums** | {{t\|21,207\|g85r2a-g3bj}} | {{t\|21,163\|g85r2a-w65k}} | {{t\|10,850\|g85r2a-wza6}} | {{t\|9,818\|g85r2a-jkxa}} | {{t\|5,466\|g85r2a-tg3r}} | {{t\|5,716\|g85r2a-bbfp}} | {{t\|3,237\|g85r2a-ik5l}} | {{t\|3,473\|g85r2a-4902}} | {{t\|1,653\|g85r2a-brs1}} | {{t\|2,156\|g85r2a-cvzi}} |
| **New business margin (in %)** | {{t\|5.5\|g85r2a-wqdn}} | {{t\|5.8\|g85r2a-nwll}} | {{t\|4.8\|g85r2a-feou}} | {{t\|5.2\|g85r2a-pqyr}} | {{t\|4.1\|g85r2a-p3ay}} | {{t\|4.3\|g85r2a-h6jn}} | {{t\|10.1\|g85r2a-zsb7}} | {{t\|10.0\|g85r2a-l1an}} | {{t\|5.3\|g85r2a-n2de}} | {{t\|4.9\|g85r2a-vuff}} |
| **Value of new business** | {{t\|1,156\|g85r2a-emx0}} | {{t\|1,217\|g85r2a-ig3p}} | {{t\|516\|g85r2a-gq16}} | {{t\|515\|g85r2a-w1ig}} | {{t\|224\|g85r2a-4n67}} | {{t\|248\|g85r2a-lk45}} | {{t\|328\|g85r2a-jims}} | {{t\|348\|g85r2a-dhxi}} | {{t\|88\|g85r2a-nmjj}} | {{t\|106\|g85r2a-46ec}} |
(63) Includes the German APR and the Austrian health businesses from 01.01.2025.
(64) Including operating reinsurance result.
(65) Total business volume comprises statutory gross premiums.
(66) Includes gross CSM of EUR 0.8bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25.
(67) Refers to liability for remaining coverage (LRC). Includes gross PVFCF of 21.2bn as of 31.12.2024, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the 3Q 24. Sale has been completed in 2Q 25." |
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| id | "g85r2a-c21" |
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| chunk | 21 |
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| pages | |
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| heading | "Asset Management" |
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| tags | |
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| links | |
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| data_items | |
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| effective_tags | |
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| content | "**Asset management net operating revenues build-up.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Net operating revenues — Net fee and commission income | {{t\|1,957\|g85r2a-eme2}} | {{t\|1,947\|g85r2a-dcso}} | {{t\|1,980\|g85r2a-hjh4}} | {{t\|2,301\|g85r2a-3u24}} | {{t\|8,186\|g85r2a-0uh7}} | {{t\|2,061\|g85r2a-0ecb}} | {{t\|2,002\|g85r2a-qde0}} | {{t\|2,056\|g85r2a-f6lo}} | {{t\|2,289\|g85r2a-3nhh}} | {{t\|8,408\|g85r2a-x20n}} | {{t\|2.7%\|g85r2a-hazr}} |
| Net operating revenues — thereof: Net fee and commission income excl. performance fees | {{t\|1,830\|g85r2a-b243}} | {{t\|1,867\|g85r2a-xaor}} | {{t\|1,919\|g85r2a-nddq}} | {{t\|2,024\|g85r2a-pcp6}} | {{t\|7,640\|g85r2a-6vui}} | {{t\|2,011\|g85r2a-b729}} | {{t\|1,942\|g85r2a-8irz}} | {{t\|1,960\|g85r2a-qn2j}} | {{t\|2,093\|g85r2a-jmgb}} | {{t\|8,007\|g85r2a-3g1s}} | {{t\|4.8%\|g85r2a-653q}} |
| Net operating revenues — thereof: Performance fees | {{t\|127\|g85r2a-68xu}} | {{t\|80\|g85r2a-npsj}} | {{t\|62\|g85r2a-nkei}} | {{t\|277\|g85r2a-rxht}} | {{t\|545\|g85r2a-pnv7}} | {{t\|49\|g85r2a-akfu}} | {{t\|60\|g85r2a-qr53}} | {{t\|96\|g85r2a-hxp1}} | {{t\|196\|g85r2a-pgum}} | {{t\|402\|g85r2a-a359}} | {{t\|-26.4%\|g85r2a-bvtg}} |
| Net operating revenues — Other operating revenues | {{t\|33\|g85r2a-v7af}} | {{t\|27\|g85r2a-wl1h}} | {{t\|25\|g85r2a-berg}} | {{t\|54\|g85r2a-wrvp}} | {{t\|139\|g85r2a-9yi8}} | {{t\|32\|g85r2a-xn61}} | {{t\|8\|g85r2a-osbk}} | {{t\|28\|g85r2a-nh5z}} | {{t\|31\|g85r2a-1nf1}} | {{t\|99\|g85r2a-i9ub}} | {{t\|-29.0%\|g85r2a-v88e}} |
| **Net operating revenues — Subtotal** | {{t\|1,990\|g85r2a-d9s0}} | {{t\|1,974\|g85r2a-fh4h}} | {{t\|2,005\|g85r2a-w3jt}} | {{t\|2,355\|g85r2a-qz1b}} | {{t\|8,324\|g85r2a-rodq}} | {{t\|2,092\|g85r2a-fzv5}} | {{t\|2,010\|g85r2a-ezi5}} | {{t\|2,084\|g85r2a-87uo}} | {{t\|2,320\|g85r2a-d3ai}} | {{t\|8,507\|g85r2a-rj22}} | {{t\|2.2%\|g85r2a-xcau}} |
| **Net operating revenues — Operating expenses** | {{t\|-1,217\|g85r2a-474p}} | {{t\|-1,232\|g85r2a-laez}} | {{t\|-1,223\|g85r2a-yzrq}} | {{t\|-1,414\|g85r2a-qqnn}} | {{t\|-5,086\|g85r2a-vhjt}} | {{t\|-1,282\|g85r2a-1uip}} | {{t\|-1,232\|g85r2a-n4oc}} | {{t\|-1,256\|g85r2a-d25n}} | {{t\|-1,392\|g85r2a-6s48}} | {{t\|-5,162\|g85r2a-8auf}} | {{t\|1.5%\|g85r2a-9iub}} |
| Net operating revenues — {{t\|Operating profit\|\|Underlying earnings}} (68) | {{t\|773\|g85r2a-ighi}} | {{t\|742\|g85r2a-fhgr}} | {{t\|782\|g85r2a-serj}} | {{t\|941\|g85r2a-yisa}} | {{t\|3,239\|g85r2a-xq4h}} | {{t\|811\|g85r2a-vr7y}} | {{t\|779\|g85r2a-2eyi}} | {{t\|828\|g85r2a-u7r6}} | {{t\|928\|g85r2a-jn65}} | {{t\|3,345\|g85r2a-6db2}} | {{t\|3.3%\|g85r2a-6vic}} |
| Net operating revenues — thereof: PIMCO | {{t\|613\|g85r2a-subl}} | {{t\|582\|g85r2a-4rk7}} | {{t\|601\|g85r2a-gs2v}} | {{t\|722\|g85r2a-abn3}} | {{t\|2,518\|g85r2a-5jf8}} | {{t\|623\|g85r2a-79er}} | {{t\|615\|g85r2a-s58j}} | {{t\|653\|g85r2a-9qxa}} | {{t\|702\|g85r2a-jpj3}} | {{t\|2,593\|g85r2a-1mo2}} | {{t\|3.0%\|g85r2a-1dk6}} |
| Net operating revenues — thereof: AllianzGI | {{t\|162\|g85r2a-hj8j}} | {{t\|164\|g85r2a-j51j}} | {{t\|190\|g85r2a-eyc8}} | {{t\|216\|g85r2a-qnnz}} | {{t\|733\|g85r2a-mp9a}} | {{t\|190\|g85r2a-k045}} | {{t\|170\|g85r2a-1vfa}} | {{t\|186\|g85r2a-uxup}} | {{t\|224\|g85r2a-ew7u}} | {{t\|770\|g85r2a-fw1x}} | {{t\|5.1%\|g85r2a-1o8u}} |
| Non-operating items — Realized gains/losses (net) | {{t\|7\|g85r2a-ed0x}} | {{t\|8\|g85r2a-1in0}} | {{t\|0\|g85r2a-txv3}} | {{t\|3\|g85r2a-wxic}} | {{t\|17\|g85r2a-8k7w}} | {{t\|5\|g85r2a-9jdu}} | {{t\|87\|g85r2a-fnup}} | {{t\|2\|g85r2a-sepx}} | {{t\|0\|g85r2a-tdo0}} | {{t\|94\|g85r2a-szk1}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|-1\|g85r2a-rqu3}} | {{t\|1\|g85r2a-ocon}} | {{t\|0\|g85r2a-thdh}} | {{t\|-0\|g85r2a-jq8a}} | {{t\|-0\|g85r2a-gvpf}} | {{t\|-0\|g85r2a-zpo6}} | {{t\|0\|g85r2a-n913}} | {{t\|0\|g85r2a-8p08}} | {{t\|-0\|g85r2a-qfpo}} | {{t\|-0\|g85r2a-0xbz}} | {{t\|-84.6%\|g85r2a-yx3w}} |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|5\|g85r2a-6e1a}} | {{t\|1\|g85r2a-pbg1}} | {{t\|2\|g85r2a-5d2e}} | {{t\|2\|g85r2a-c79x}} | {{t\|11\|g85r2a-2zix}} | {{t\|-1\|g85r2a-xrui}} | {{t\|-8\|g85r2a-4gp7}} | {{t\|-1\|g85r2a-2oid}} | {{t\|19\|g85r2a-ht4u}} | {{t\|9\|g85r2a-lrfw}} | {{t\|-20.0%\|g85r2a-ijwz}} |
| Non-operating items — thereof: Non-operating market movements | {{t\|5\|g85r2a-4dzi}} | {{t\|1\|g85r2a-grvq}} | {{t\|2\|g85r2a-qldy}} | {{t\|2\|g85r2a-d1hd}} | {{t\|11\|g85r2a-2jaj}} | {{t\|-1\|g85r2a-lfld}} | {{t\|-8\|g85r2a-bg0l}} | {{t\|-1\|g85r2a-zqwm}} | {{t\|19\|g85r2a-ei37}} | {{t\|9\|g85r2a-tmor}} | {{t\|-20.0%\|g85r2a-op5a}} |
| Non-operating items — Restructuring and integration expenses | {{t\|-1\|g85r2a-umn3}} | {{t\|-2\|g85r2a-d8xb}} | {{t\|-7\|g85r2a-avs4}} | {{t\|-2\|g85r2a-3a5a}} | {{t\|-11\|g85r2a-optw}} | {{t\|-52\|g85r2a-h5jy}} | {{t\|-2\|g85r2a-t041}} | {{t\|4\|g85r2a-l4hh}} | {{t\|-13\|g85r2a-jam2}} | {{t\|-64\|g85r2a-9xmy}} | n.m. |
| Non-operating items — Amortization of intangible assets | {{t\|-2\|g85r2a-pvze}} | {{t\|-2\|g85r2a-kilo}} | {{t\|-2\|g85r2a-yn5a}} | {{t\|-2\|g85r2a-ej32}} | {{t\|-7\|g85r2a-muzp}} | {{t\|-2\|g85r2a-t4f0}} | {{t\|-2\|g85r2a-6aq6}} | {{t\|-2\|g85r2a-46rl}} | {{t\|-2\|g85r2a-7qpv}} | {{t\|-7\|g85r2a-48pw}} | {{t\|0.3%\|g85r2a-pfnc}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|-0\|g85r2a-1r8x}} | {{t\|-0\|g85r2a-csac}} | {{t\|-0\|g85r2a-bqqr}} | {{t\|-0\|g85r2a-xm08}} | {{t\|-2\|g85r2a-kq74}} | {{t\|-0\|g85r2a-akjc}} | {{t\|-0\|g85r2a-kodp}} | {{t\|-0\|g85r2a-evgz}} | {{t\|-0\|g85r2a-qht2}} | {{t\|-2\|g85r2a-wjqz}} | {{t\|-4.1%\|g85r2a-5pl4}} |
| Non-operating items — Other (69) | {{t\|2\|g85r2a-xz23}} | {{t\|-1\|g85r2a-y7pq}} | {{t\|4\|g85r2a-o587}} | {{t\|3\|g85r2a-zi9c}} | {{t\|8\|g85r2a-lboe}} | {{t\|0\|g85r2a-b072}} | {{t\|-27\|g85r2a-gm7c}} | {{t\|1\|g85r2a-zxew}} | {{t\|-2\|g85r2a-0o5m}} | {{t\|-29\|g85r2a-xkxb}} | n.m. |
| **Non-operating items — Subtotal** | {{t\|11\|g85r2a-saby}} | {{t\|5\|g85r2a-zfmz}} | {{t\|-2\|g85r2a-l76v}} | {{t\|3\|g85r2a-sxgq}} | {{t\|18\|g85r2a-tbwg}} | {{t\|-50\|g85r2a-6p2p}} | {{t\|48\|g85r2a-m5av}} | {{t\|3\|g85r2a-ta6n}} | {{t\|2\|g85r2a-rhoo}} | {{t\|3\|g85r2a-hyn7}} | {{t\|-84.3%\|g85r2a-hwoz}} |
| **Non-operating items — Income (loss) before income taxes** | {{t\|784\|g85r2a-jfuq}} | {{t\|748\|g85r2a-89y3}} | {{t\|780\|g85r2a-zkp5}} | {{t\|945\|g85r2a-589n}} | {{t\|3,257\|g85r2a-awey}} | {{t\|761\|g85r2a-eb2d}} | {{t\|826\|g85r2a-6zqj}} | {{t\|831\|g85r2a-gm1q}} | {{t\|929\|g85r2a-o1r3}} | {{t\|3,348\|g85r2a-dh8q}} | {{t\|2.8%\|g85r2a-usmd}} |
| Non-operating items — Income taxes | {{t\|-199\|g85r2a-9zx4}} | {{t\|-191\|g85r2a-suu0}} | {{t\|-199\|g85r2a-d9hu}} | {{t\|-240\|g85r2a-q9ts}} | {{t\|-829\|g85r2a-2bfr}} | {{t\|-193\|g85r2a-x5bn}} | {{t\|-218\|g85r2a-ntpn}} | {{t\|-223\|g85r2a-l5iw}} | {{t\|-201\|g85r2a-2ngj}} | {{t\|-835\|g85r2a-y7rs}} | {{t\|0.8%\|g85r2a-yuq2}} |
| **Non-operating items — Net income (loss)** | {{t\|585\|g85r2a-9cro}} | {{t\|557\|g85r2a-avdh}} | {{t\|581\|g85r2a-9c0h}} | {{t\|705\|g85r2a-wmo9}} | {{t\|2,428\|g85r2a-m4ut}} | {{t\|567\|g85r2a-6tdu}} | {{t\|609\|g85r2a-kaky}} | {{t\|608\|g85r2a-5h46}} | {{t\|728\|g85r2a-t7h9}} | {{t\|2,513\|g85r2a-e8mt}} | {{t\|3.5%\|g85r2a-t9w4}} |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|51\|g85r2a-tfmo}} | {{t\|49\|g85r2a-ljaj}} | {{t\|51\|g85r2a-qseo}} | {{t\|60\|g85r2a-e2qh}} | {{t\|210\|g85r2a-veup}} | {{t\|53\|g85r2a-7afp}} | {{t\|58\|g85r2a-n7kw}} | {{t\|55\|g85r2a-z6e0}} | {{t\|60\|g85r2a-i5rz}} | {{t\|226\|g85r2a-3fz1}} | {{t\|7.3%\|g85r2a-tcku}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|534\|g85r2a-5y2d}} | {{t\|508\|g85r2a-agkg}} | {{t\|531\|g85r2a-2dzm}} | {{t\|645\|g85r2a-uwas}} | {{t\|2,218\|g85r2a-lbsq}} | {{t\|514\|g85r2a-p7o0}} | {{t\|551\|g85r2a-6iwy}} | {{t\|553\|g85r2a-j7gn}} | {{t\|669\|g85r2a-edxp}} | {{t\|2,287\|g85r2a-vd5n}} | {{t\|3.1%\|g85r2a-orgs}} |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|784\|g85r2a-xhmy}} | {{t\|748\|g85r2a-sck9}} | {{t\|780\|g85r2a-ehfx}} | {{t\|945\|g85r2a-2ffp}} | {{t\|3,257\|g85r2a-5del}} | {{t\|761\|g85r2a-gudr}} | {{t\|826\|g85r2a-gax0}} | {{t\|831\|g85r2a-pi7c}} | {{t\|929\|g85r2a-nr6x}} | {{t\|3,348\|g85r2a-fuwu}} | {{t\|2.8%\|g85r2a-e4cw}} |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|-5\|g85r2a-tlo6}} | {{t\|-1\|g85r2a-gt4b}} | {{t\|-2\|g85r2a-myy4}} | {{t\|-2\|g85r2a-o4id}} | {{t\|-11\|g85r2a-t9p1}} | {{t\|1\|g85r2a-13qi}} | {{t\|8\|g85r2a-q8gf}} | {{t\|1\|g85r2a-6hw4}} | {{t\|-19\|g85r2a-7u3e}} | {{t\|-9\|g85r2a-35mh}} | {{t\|-20.0%\|g85r2a-k7uy}} |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|0\|g85r2a-dhks}} | {{t\|0\|g85r2a-2zv6}} | {{t\|0\|g85r2a-2qrj}} | {{t\|0\|g85r2a-yf1p}} | {{t\|2\|g85r2a-1r88}} | {{t\|0\|g85r2a-93sb}} | {{t\|0\|g85r2a-jai9}} | {{t\|0\|g85r2a-2txt}} | {{t\|0\|g85r2a-ta2i}} | {{t\|2\|g85r2a-f44i}} | {{t\|-4.1%\|g85r2a-vzon}} |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|780\|g85r2a-9v1f}} | {{t\|747\|g85r2a-pys3}} | {{t\|778\|g85r2a-vr0i}} | {{t\|943\|g85r2a-hvne}} | {{t\|3,248\|g85r2a-nr4f}} | {{t\|762\|g85r2a-sfmn}} | {{t\|835\|g85r2a-typr}} | {{t\|833\|g85r2a-oahg}} | {{t\|911\|g85r2a-m4j7}} | {{t\|3,341\|g85r2a-tyfa}} | {{t\|2.9%\|g85r2a-rb61}} |
| Net income (loss) attributable to: — Income taxes related to core income (loss) | {{t\|-198\|g85r2a-ymik}} | {{t\|-191\|g85r2a-crxi}} | {{t\|-198\|g85r2a-vhg4}} | {{t\|-239\|g85r2a-xlad}} | {{t\|-826\|g85r2a-lotv}} | {{t\|-194\|g85r2a-biem}} | {{t\|-220\|g85r2a-uxkq}} | {{t\|-224\|g85r2a-ysdh}} | {{t\|-196\|g85r2a-b8vo}} | {{t\|-834\|g85r2a-pcb1}} | {{t\|0.9%\|g85r2a-bnx9}} |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|581\|g85r2a-49yq}} | {{t\|556\|g85r2a-e1kq}} | {{t\|580\|g85r2a-9a3t}} | {{t\|704\|g85r2a-jryg}} | {{t\|2,421\|g85r2a-fvun}} | {{t\|568\|g85r2a-oj8e}} | {{t\|614\|g85r2a-n4rl}} | {{t\|610\|g85r2a-qvtf}} | {{t\|715\|g85r2a-xtoe}} | {{t\|2,507\|g85r2a-u47y}} | {{t\|3.5%\|g85r2a-t1m8}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|531\|g85r2a-5i3d}} | {{t\|508\|g85r2a-aowk}} | {{t\|529\|g85r2a-exdl}} | {{t\|644\|g85r2a-naqg}} | {{t\|2,211\|g85r2a-t4v9}} | {{t\|515\|g85r2a-oc94}} | {{t\|556\|g85r2a-ll6n}} | {{t\|555\|g85r2a-e7x6}} | {{t\|655\|g85r2a-2yht}} | {{t\|2,282\|g85r2a-1zse}} | {{t\|3.2%\|g85r2a-78ii}} |
| **Net income (loss) attributable to: — Cost-income ratio (in %)** | {{t\|61.1\|g85r2a-s9pa}} | {{t\|62.4\|g85r2a-24h0}} | {{t\|61.0\|g85r2a-5iy0}} | {{t\|60.0\|g85r2a-od1v}} | {{t\|61.1\|g85r2a-634m}} | {{t\|61.3\|g85r2a-ogzu}} | {{t\|61.3\|g85r2a-5ylq}} | {{t\|60.3\|g85r2a-ehko}} | {{t\|60.0\|g85r2a-wmmu}} | {{t\|60.7\|g85r2a-telp}} | -0.4%-p |
| Net income (loss) attributable to: — thereof: PIMCO | {{t\|59.1\|g85r2a-bg5u}} | {{t\|60.6\|g85r2a-8u1d}} | {{t\|59.2\|g85r2a-neoq}} | {{t\|59.4\|g85r2a-ecy9}} | {{t\|59.6\|g85r2a-vjad}} | {{t\|60.0\|g85r2a-rgu3}} | {{t\|59.8\|g85r2a-yh0k}} | {{t\|58.8\|g85r2a-v5li}} | {{t\|60.5\|g85r2a-7vwc}} | {{t\|59.8\|g85r2a-51qd}} | 0.2%-p |
| Net income (loss) attributable to: — thereof: AllianzGI | {{t\|66.8\|g85r2a-ri08}} | {{t\|66.9\|g85r2a-su1f}} | {{t\|64.2\|g85r2a-3p61}} | {{t\|62.1\|g85r2a-08mb}} | {{t\|64.9\|g85r2a-nzws}} | {{t\|64.3\|g85r2a-6dct}} | {{t\|64.6\|g85r2a-ve2b}} | {{t\|62.6\|g85r2a-mj49}} | {{t\|58.5\|g85r2a-vo46}} | {{t\|62.4\|g85r2a-6ebc}} | -2.4%-p |
| Net income (loss) attributable to: — 3rd party AuM margin(70) (in bps) | {{t\|38.1\|g85r2a-tcst}} | {{t\|38.2\|g85r2a-cza0}} | {{t\|38.4\|g85r2a-w47z}} | {{t\|39.1\|g85r2a-tsd2}} | {{t\|38.5\|g85r2a-88vn}} | {{t\|38.0\|g85r2a-97pu}} | {{t\|37.8\|g85r2a-shqc}} | {{t\|38.1\|g85r2a-v47o}} | {{t\|38.9\|g85r2a-01lw}} | {{t\|38.2\|g85r2a-zy6a}} | {{t\|-0.7%\|g85r2a-zlz9}} |
| Net income (loss) attributable to: — thereof: PIMCO | {{t\|37.5\|g85r2a-s7oj}} | {{t\|37.5\|g85r2a-gb4l}} | {{t\|37.2\|g85r2a-i140}} | {{t\|38.0\|g85r2a-xa28}} | {{t\|37.6\|g85r2a-xxnv}} | {{t\|37.0\|g85r2a-dqmh}} | {{t\|37.3\|g85r2a-fjsz}} | {{t\|37.4\|g85r2a-n1ny}} | {{t\|38.0\|g85r2a-a43u}} | {{t\|37.4\|g85r2a-3wiq}} | {{t\|-0.3%\|g85r2a-cyj3}} |
| Net income (loss) attributable to: — thereof: AllianzGI | {{t\|40.6\|g85r2a-26tt}} | {{t\|40.8\|g85r2a-2mde}} | {{t\|43.1\|g85r2a-3mwp}} | {{t\|43.3\|g85r2a-gxe3}} | {{t\|42.0\|g85r2a-k8kx}} | {{t\|41.9\|g85r2a-ckbp}} | {{t\|39.9\|g85r2a-xbw4}} | {{t\|40.5\|g85r2a-ra5a}} | {{t\|42.5\|g85r2a-nr0m}} | {{t\|41.2\|g85r2a-fnl2}} | {{t\|-1.7%\|g85r2a-bmbk}} |
| Net income (loss) attributable to: — Core return on equity(71) (in %) | {{t\|21.5\|g85r2a-u7yy}} | {{t\|21.5\|g85r2a-fjbr}} | {{t\|21.5\|g85r2a-jo3v}} | {{t\|21.5\|g85r2a-spnz}} | {{t\|21.5\|g85r2a-idso}} | {{t\|22.3\|g85r2a-qz44}} | {{t\|22.3\|g85r2a-cssg}} | {{t\|22.3\|g85r2a-5d5z}} | {{t\|22.3\|g85r2a-raok}} | {{t\|22.3\|g85r2a-dwfs}} | 0.9%-p |
(68) Includes operating result from PIMCO, AllianzGI and other entities.
(69) Includes mainly reclassification effects from operating to non-operating result related to a disposal of an investment as of 30.06.2025 and, if applicable, acquisition-related expenses, income taxes related incidental benefits/expenses and litigation expenses.
(70) Excluding performance fees and other income.
(71) For current year periods and prior year periods, the core return on equity for the respective full year is shown." |
|---|
|
| id | "g85r2a-c22" |
|---|
| chunk | 22 |
|---|
| pages | |
|---|
| heading | "Am aum" |
|---|
| tags | |
|---|
| links | | "Assets under management" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Assets under management" |
|
|---|
| content | "**Asset management assets under management breakdown by client type, asset class, and region.**
| In EUR billion | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 31.12.2025 / 31.12.2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| {{t\|Assets under management\|\|Assets under management}} | {{t\|2,297\|g85r2a-9uai}} | {{t\|2,309\|g85r2a-tx7b}} | {{t\|2,362\|g85r2a-gusz}} | {{t\|2,448\|g85r2a-rg8n}} | {{t\|2,448\|g85r2a-dxws}} | {{t\|2,438\|g85r2a-6ql9}} | {{t\|2,360\|g85r2a-fpy6}} | {{t\|2,449\|g85r2a-ytct}} | {{t\|2,512\|g85r2a-e7iv}} | {{t\|2,512\|g85r2a-r6i0}} | {{t\|2.6%\|g85r2a-53w0}} |
| Allianz Group {{t\|assets under management\|\|Assets under management}} | {{t\|513\|g85r2a-hvjy}} | {{t\|506\|g85r2a-er5q}} | {{t\|522\|g85r2a-pq86}} | {{t\|528\|g85r2a-q8jb}} | {{t\|528\|g85r2a-pa7l}} | {{t\|524\|g85r2a-t3rg}} | {{t\|519\|g85r2a-xnl0}} | {{t\|520\|g85r2a-d720}} | {{t\|522\|g85r2a-0owu}} | {{t\|522\|g85r2a-86m3}} | {{t\|-1.2%\|g85r2a-ne11}} |
| Third-party {{t\|assets under management\|\|Assets under management}} | {{t\|1,784\|g85r2a-pb3z}} | {{t\|1,803\|g85r2a-c72k}} | {{t\|1,840\|g85r2a-w1ca}} | {{t\|1,920\|g85r2a-xdyk}} | {{t\|1,920\|g85r2a-exva}} | {{t\|1,914\|g85r2a-ekux}} | {{t\|1,842\|g85r2a-7hkq}} | {{t\|1,928\|g85r2a-rz7s}} | {{t\|1,990\|g85r2a-nkkx}} | {{t\|1,990\|g85r2a-xez0}} | {{t\|3.6%\|g85r2a-p570}} |
| thereof: PIMCO | {{t\|1,399\|g85r2a-nzp7}} | {{t\|1,414\|g85r2a-gmkm}} | {{t\|1,452\|g85r2a-8idg}} | {{t\|1,521\|g85r2a-p1yn}} | {{t\|1,521\|g85r2a-lfb5}} | {{t\|1,525\|g85r2a-ec9g}} | {{t\|1,451\|g85r2a-ud5z}} | {{t\|1,521\|g85r2a-7avq}} | {{t\|1,573\|g85r2a-tx99}} | {{t\|1,573\|g85r2a-zcek}} | {{t\|3.4%\|g85r2a-3kbo}} |
| thereof: AllianzGI | {{t\|385\|g85r2a-w0a9}} | {{t\|389\|g85r2a-l3gu}} | {{t\|389\|g85r2a-3od4}} | {{t\|399\|g85r2a-x0lg}} | {{t\|399\|g85r2a-xgvm}} | {{t\|389\|g85r2a-ekno}} | {{t\|390\|g85r2a-etax}} | {{t\|407\|g85r2a-d94q}} | {{t\|417\|g85r2a-4l3l}} | {{t\|417\|g85r2a-29x0}} | {{t\|4.6%\|g85r2a-6i2b}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by asset classes — Fixed income | {{t\|1,361\|g85r2a-1k4a}} | {{t\|1,372\|g85r2a-cr60}} | {{t\|1,407\|g85r2a-7r9x}} | {{t\|1,472\|g85r2a-rizs}} | {{t\|1,472\|g85r2a-8g5l}} | {{t\|1,473\|g85r2a-52i1}} | {{t\|1,405\|g85r2a-erpz}} | {{t\|1,471\|g85r2a-bhs0}} | {{t\|1,523\|g85r2a-fdu4}} | {{t\|1,523\|g85r2a-dwx2}} | {{t\|3.5%\|g85r2a-z4ol}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by asset classes — Multi-assets | {{t\|180\|g85r2a-7zse}} | {{t\|182\|g85r2a-hu3c}} | {{t\|184\|g85r2a-z27u}} | {{t\|189\|g85r2a-ud81}} | {{t\|189\|g85r2a-qupi}} | {{t\|185\|g85r2a-5hpt}} | {{t\|183\|g85r2a-9qbn}} | {{t\|191\|g85r2a-i15l}} | {{t\|196\|g85r2a-2tou}} | {{t\|196\|g85r2a-2q8i}} | {{t\|3.5%\|g85r2a-tzo6}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by asset classes — Equities | {{t\|156\|g85r2a-6tu4}} | {{t\|159\|g85r2a-1ee5}} | {{t\|160\|g85r2a-yodm}} | {{t\|165\|g85r2a-x7uc}} | {{t\|165\|g85r2a-7oq2}} | {{t\|157\|g85r2a-h5ft}} | {{t\|159\|g85r2a-z144}} | {{t\|167\|g85r2a-zoq1}} | {{t\|172\|g85r2a-xyv5}} | {{t\|172\|g85r2a-piyv}} | {{t\|4.8%\|g85r2a-1vag}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by asset classes — Alternatives | {{t\|86\|g85r2a-hrw0}} | {{t\|90\|g85r2a-nzvu}} | {{t\|89\|g85r2a-ral0}} | {{t\|95\|g85r2a-5pce}} | {{t\|95\|g85r2a-1rds}} | {{t\|98\|g85r2a-qr7e}} | {{t\|94\|g85r2a-l74e}} | {{t\|99\|g85r2a-ra9s}} | {{t\|98\|g85r2a-5nom}} | {{t\|98\|g85r2a-at8l}} | {{t\|4.0%\|g85r2a-zh1r}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by regions — America | {{t\|912\|g85r2a-otk5}} | {{t\|925\|g85r2a-k3h4}} | {{t\|939\|g85r2a-m5xc}} | {{t\|998\|g85r2a-64bf}} | {{t\|998\|g85r2a-vv4x}} | {{t\|1,000\|g85r2a-qpok}} | {{t\|946\|g85r2a-zozn}} | {{t\|986\|g85r2a-iyz6}} | {{t\|1,024\|g85r2a-tpz4}} | {{t\|1,024\|g85r2a-kyay}} | {{t\|2.6%\|g85r2a-f80q}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by regions — Europe | {{t\|545\|g85r2a-sa9w}} | {{t\|545\|g85r2a-9gm8}} | {{t\|552\|g85r2a-xmkj}} | {{t\|558\|g85r2a-1fmx}} | {{t\|558\|g85r2a-fr58}} | {{t\|550\|g85r2a-adsy}} | {{t\|546\|g85r2a-hui4}} | {{t\|569\|g85r2a-h0js}} | {{t\|584\|g85r2a-dlx1}} | {{t\|584\|g85r2a-xnaw}} | {{t\|4.7%\|g85r2a-olz0}} |
| Third-party {{t\|assets under management\|\|Assets under management}} by regions — Asia Pacific | {{t\|327\|g85r2a-kfa3}} | {{t\|332\|g85r2a-w2ia}} | {{t\|349\|g85r2a-dm79}} | {{t\|364\|g85r2a-gkeh}} | {{t\|364\|g85r2a-uynv}} | {{t\|364\|g85r2a-sci1}} | {{t\|350\|g85r2a-71nu}} | {{t\|373\|g85r2a-kzrp}} | {{t\|382\|g85r2a-45oo}} | {{t\|382\|g85r2a-0im5}} | {{t\|4.8%\|g85r2a-6foi}} |
**Third-party net flows by asset manager.**
| In EUR billion | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| **Third-party net flows** | {{t\|34\|g85r2a-m8n2}} | {{t\|14\|g85r2a-88wy}} | {{t\|20\|g85r2a-4nm5}} | {{t\|17\|g85r2a-pvdy}} | {{t\|85\|g85r2a-y3ot}} | {{t\|29\|g85r2a-fp0k}} | {{t\|14\|g85r2a-tz7o}} | {{t\|51\|g85r2a-is4s}} | {{t\|45\|g85r2a-nkp7}} | {{t\|139\|g85r2a-dd86}} | {{t\|64.2%\|g85r2a-ndgr}} |
| thereof: PIMCO | {{t\|32\|g85r2a-j60d}} | {{t\|13\|g85r2a-74yz}} | {{t\|25\|g85r2a-v4k0}} | {{t\|14\|g85r2a-w9lw}} | {{t\|84\|g85r2a-l3sy}} | {{t\|26\|g85r2a-5wx6}} | {{t\|15\|g85r2a-agbp}} | {{t\|49\|g85r2a-rvxz}} | {{t\|43\|g85r2a-jeog}} | {{t\|133\|g85r2a-4mwa}} | {{t\|57.7%\|g85r2a-n7iu}} |
| thereof: AllianzGI | {{t\|2\|g85r2a-fr3a}} | {{t\|1\|g85r2a-1vw9}} | {{t\|-5\|g85r2a-oaok}} | {{t\|3\|g85r2a-sz78}} | {{t\|0\|g85r2a-t9mz}} | {{t\|2\|g85r2a-c9hk}} | {{t\|-1\|g85r2a-swgf}} | {{t\|2\|g85r2a-ai6t}} | {{t\|3\|g85r2a-afwp}} | {{t\|6\|g85r2a-qt61}} | n.m. |" |
|---|
|
| id | "g85r2a-c23" |
|---|
| chunk | 23 |
|---|
| pages | |
|---|
| heading | "Corporate and Other" |
|---|
| tags | |
|---|
| links | | "Net investment income" |
| "Underlying earnings" |
|
|---|
| data_items | |
|---|
| effective_tags | | "Net investment income" |
| "Underlying earnings" |
|
|---|
| content | "**Corporate and other operating profit build-up.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Operating {{t\|net investment income\|\|Net investment income}}, excluding interest expenses from external debt | {{t\|71\|g85r2a-pili}} | {{t\|140\|g85r2a-hu9k}} | {{t\|108\|g85r2a-jxsz}} | {{t\|100\|g85r2a-xqwm}} | {{t\|419\|g85r2a-bb4d}} | {{t\|86\|g85r2a-tfra}} | {{t\|142\|g85r2a-uzqe}} | {{t\|141\|g85r2a-3ap8}} | {{t\|106\|g85r2a-ckco}} | {{t\|474\|g85r2a-gcer}} | {{t\|13.3%\|g85r2a-zl9t}} |
| Finance income (expenses) from insurance contracts issued (net) | {{t\|0\|g85r2a-ey4z}} | {{t\|0\|g85r2a-4g0z}} | {{t\|0\|g85r2a-sojp}} | {{t\|0\|g85r2a-j21j}} | {{t\|0\|g85r2a-ke35}} | {{t\|0\|g85r2a-dzg5}} | {{t\|0\|g85r2a-is0w}} | {{t\|0\|g85r2a-r4t3}} | {{t\|0\|g85r2a-tpwe}} | {{t\|0\|g85r2a-4d68}} | n.m. |
| Finance income (expenses) from reinsurance contracts held (net) | {{t\|0\|g85r2a-y4sm}} | {{t\|0\|g85r2a-l77g}} | {{t\|0\|g85r2a-wmoy}} | {{t\|0\|g85r2a-ovpp}} | {{t\|0\|g85r2a-dvf0}} | {{t\|0\|g85r2a-cfyx}} | {{t\|0\|g85r2a-9yt4}} | {{t\|0\|g85r2a-xmdu}} | {{t\|0\|g85r2a-sg0m}} | {{t\|0\|g85r2a-7yba}} | n.m. |
| Operating {{t\|investment result\|\|Net investment income}} | {{t\|71\|g85r2a-z4uz}} | {{t\|140\|g85r2a-ioid}} | {{t\|108\|g85r2a-o14u}} | {{t\|100\|g85r2a-broi}} | {{t\|419\|g85r2a-3yqz}} | {{t\|86\|g85r2a-qhid}} | {{t\|142\|g85r2a-ht5a}} | {{t\|141\|g85r2a-8ed1}} | {{t\|106\|g85r2a-qdz3}} | {{t\|474\|g85r2a-ydrm}} | {{t\|13.3%\|g85r2a-j81b}} |
| Operating administrative expenses | {{t\|-310\|g85r2a-737k}} | {{t\|-332\|g85r2a-qfcq}} | {{t\|-359\|g85r2a-07gx}} | {{t\|-417\|g85r2a-nqwb}} | {{t\|-1,418\|g85r2a-0lyf}} | {{t\|-356\|g85r2a-74dm}} | {{t\|-324\|g85r2a-j777}} | {{t\|-433\|g85r2a-qvkk}} | {{t\|-364\|g85r2a-ulym}} | {{t\|-1,477\|g85r2a-nzng}} | {{t\|4.2%\|g85r2a-mg1x}} |
| Operating fee and commission result | {{t\|61\|g85r2a-q88e}} | {{t\|80\|g85r2a-4hj7}} | {{t\|66\|g85r2a-o8tx}} | {{t\|177\|g85r2a-8spt}} | {{t\|384\|g85r2a-uiin}} | {{t\|106\|g85r2a-u5tl}} | {{t\|108\|g85r2a-ynys}} | {{t\|96\|g85r2a-rufq}} | {{t\|129\|g85r2a-gvw1}} | {{t\|438\|g85r2a-qjcf}} | {{t\|14.1%\|g85r2a-fxq1}} |
| Operating other result | {{t\|0\|g85r2a-x8uq}} | {{t\|-0\|g85r2a-nccl}} | {{t\|-0\|g85r2a-0j56}} | {{t\|0\|g85r2a-5f0h}} | {{t\|0\|g85r2a-9858}} | {{t\|-0\|g85r2a-c6at}} | {{t\|0\|g85r2a-cljg}} | {{t\|-0\|g85r2a-kjzq}} | {{t\|-0\|g85r2a-2vi5}} | {{t\|-0\|g85r2a-92t6}} | n.m. |
| {{t\|Operating profit\|\|Underlying earnings}} | {{t\|-179\|g85r2a-5b0i}} | {{t\|-112\|g85r2a-tzrf}} | {{t\|-185\|g85r2a-vt92}} | {{t\|-140\|g85r2a-1l8m}} | {{t\|-615\|g85r2a-scr0}} | {{t\|-165\|g85r2a-o9a7}} | {{t\|-74\|g85r2a-h9jf}} | {{t\|-197\|g85r2a-xvgs}} | {{t\|-129\|g85r2a-cjed}} | {{t\|-565\|g85r2a-f9ed}} | {{t\|-8.2%\|g85r2a-cu25}} |
| Non-operating items — Realized gains/losses (net) | {{t\|1\|g85r2a-zhxg}} | {{t\|-0\|g85r2a-1fuz}} | {{t\|3\|g85r2a-9mla}} | {{t\|0\|g85r2a-5hhn}} | {{t\|3\|g85r2a-bgpt}} | {{t\|-10\|g85r2a-i82l}} | {{t\|-8\|g85r2a-kxxq}} | {{t\|-6\|g85r2a-zj9f}} | {{t\|22\|g85r2a-n82z}} | {{t\|-1\|g85r2a-0y7m}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|-2\|g85r2a-ndxj}} | {{t\|-4\|g85r2a-23mw}} | {{t\|-9\|g85r2a-u31m}} | {{t\|-15\|g85r2a-vgya}} | {{t\|-30\|g85r2a-c396}} | {{t\|-25\|g85r2a-alzf}} | {{t\|-1\|g85r2a-v2fg}} | {{t\|-2\|g85r2a-3nek}} | {{t\|-6\|g85r2a-p1f2}} | {{t\|-33\|g85r2a-4bt4}} | {{t\|9.1%\|g85r2a-zeao}} |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|23\|g85r2a-i7eh}} | {{t\|-53\|g85r2a-j422}} | {{t\|-144\|g85r2a-s0dw}} | {{t\|-50\|g85r2a-9ma6}} | {{t\|-223\|g85r2a-wzbd}} | {{t\|-100\|g85r2a-c0mq}} | {{t\|-95\|g85r2a-rd7a}} | {{t\|-46\|g85r2a-w18k}} | {{t\|-99\|g85r2a-ulkh}} | {{t\|-339\|g85r2a-okby}} | {{t\|52.1%\|g85r2a-r00w}} |
| Non-operating items — thereof: Non-operating market movements | {{t\|111\|g85r2a-xoyc}} | {{t\|-12\|g85r2a-unm8}} | {{t\|-92\|g85r2a-mb8e}} | {{t\|27\|g85r2a-f6x1}} | {{t\|33\|g85r2a-kvl4}} | {{t\|-47\|g85r2a-jwde}} | {{t\|-28\|g85r2a-wtpg}} | {{t\|14\|g85r2a-tqd8}} | {{t\|-1\|g85r2a-c6ak}} | {{t\|-62\|g85r2a-ftlq}} | n.m. |
| Non-operating items — Interest expenses from external debt | {{t\|-183\|g85r2a-xw3m}} | {{t\|-182\|g85r2a-6f9q}} | {{t\|-192\|g85r2a-ovuq}} | {{t\|-204\|g85r2a-bk2z}} | {{t\|-762\|g85r2a-qatu}} | {{t\|-190\|g85r2a-agd2}} | {{t\|-197\|g85r2a-df6i}} | {{t\|-186\|g85r2a-0y1r}} | {{t\|-184\|g85r2a-al3f}} | {{t\|-758\|g85r2a-8pk1}} | {{t\|-0.5%\|g85r2a-0zpr}} |
| Non-operating items — Restructuring and integration expenses | {{t\|-31\|g85r2a-ka5n}} | {{t\|-56\|g85r2a-ycig}} | {{t\|-41\|g85r2a-9gh8}} | {{t\|-87\|g85r2a-1mgw}} | {{t\|-215\|g85r2a-jqyo}} | {{t\|-32\|g85r2a-hazc}} | {{t\|-29\|g85r2a-3gbt}} | {{t\|-2\|g85r2a-resb}} | {{t\|-34\|g85r2a-r03d}} | {{t\|-97\|g85r2a-akez}} | {{t\|-54.8%\|g85r2a-ejrf}} |
| Non-operating items — Amortization of intangible assets | {{t\|-3\|g85r2a-pfq3}} | {{t\|-3\|g85r2a-4t4n}} | {{t\|-3\|g85r2a-zqtg}} | {{t\|-3\|g85r2a-el3z}} | {{t\|-11\|g85r2a-5qr1}} | {{t\|-6\|g85r2a-m0g0}} | {{t\|-4\|g85r2a-x5gh}} | {{t\|-4\|g85r2a-hpiq}} | {{t\|-3\|g85r2a-vfcs}} | {{t\|-16\|g85r2a-38c2}} | {{t\|39.0%\|g85r2a-um7r}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|-3\|g85r2a-qw4m}} | {{t\|-3\|g85r2a-b532}} | {{t\|-3\|g85r2a-gbxs}} | {{t\|-3\|g85r2a-000j}} | {{t\|-11\|g85r2a-gfsd}} | {{t\|-4\|g85r2a-2kc8}} | {{t\|-4\|g85r2a-inot}} | {{t\|-4\|g85r2a-htmp}} | {{t\|-3\|g85r2a-zaqn}} | {{t\|-14\|g85r2a-4k0o}} | {{t\|21.5%\|g85r2a-z5tj}} |
| Non-operating items — Other | {{t\|2\|g85r2a-jyym}} | {{t\|-0\|g85r2a-a4mz}} | {{t\|-0\|g85r2a-xhui}} | {{t\|291\|g85r2a-b0m9}} | {{t\|292\|g85r2a-vlp5}} | {{t\|-2\|g85r2a-wl5k}} | {{t\|-7\|g85r2a-ii2x}} | {{t\|3\|g85r2a-6ni8}} | {{t\|67\|g85r2a-kh5d}} | {{t\|61\|g85r2a-ubqe}} | {{t\|-79.1%\|g85r2a-jk86}} |
| **Non-operating items — Subtotal** | {{t\|-194\|g85r2a-rlwx}} | {{t\|-298\|g85r2a-8pwx}} | {{t\|-387\|g85r2a-sruo}} | {{t\|-67\|g85r2a-0n61}} | {{t\|-946\|g85r2a-qukv}} | {{t\|-364\|g85r2a-r9l7}} | {{t\|-340\|g85r2a-cvg3}} | {{t\|-243\|g85r2a-s2y8}} | {{t\|-237\|g85r2a-5bh1}} | {{t\|-1,183\|g85r2a-my6l}} | {{t\|25.1%\|g85r2a-wd44}} |
| **Non-operating items — Income (loss) before income taxes** | {{t\|-373\|g85r2a-l3wg}} | {{t\|-410\|g85r2a-nezg}} | {{t\|-572\|g85r2a-nmvw}} | {{t\|-207\|g85r2a-abo3}} | {{t\|-1,561\|g85r2a-hkqn}} | {{t\|-529\|g85r2a-brys}} | {{t\|-413\|g85r2a-zcoj}} | {{t\|-440\|g85r2a-ro8y}} | {{t\|-366\|g85r2a-h1iz}} | {{t\|-1,748\|g85r2a-a6vv}} | {{t\|12.0%\|g85r2a-k0jd}} |
| Non-operating items — Income taxes | {{t\|68\|g85r2a-o6eb}} | {{t\|144\|g85r2a-qtr8}} | {{t\|73\|g85r2a-q8lg}} | {{t\|58\|g85r2a-ktzm}} | {{t\|344\|g85r2a-lrw2}} | {{t\|185\|g85r2a-qph2}} | {{t\|55\|g85r2a-6bar}} | {{t\|288\|g85r2a-dnug}} | {{t\|83\|g85r2a-ayf5}} | {{t\|610\|g85r2a-xx35}} | {{t\|77.5%\|g85r2a-fokc}} |
| **Non-operating items — Net income (loss)** | {{t\|-304\|g85r2a-ug5z}} | {{t\|-266\|g85r2a-qe4z}} | {{t\|-499\|g85r2a-0wbt}} | {{t\|-148\|g85r2a-rjks}} | {{t\|-1,217\|g85r2a-7eag}} | {{t\|-344\|g85r2a-nox9}} | {{t\|-358\|g85r2a-yon2}} | {{t\|-152\|g85r2a-fh6k}} | {{t\|-283\|g85r2a-9s2w}} | {{t\|-1,138\|g85r2a-gpjw}} | {{t\|-6.5%\|g85r2a-ab0p}} |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|76\|g85r2a-6rdc}} | {{t\|-1\|g85r2a-oblz}} | {{t\|2\|g85r2a-9v3q}} | {{t\|1\|g85r2a-bht5}} | {{t\|78\|g85r2a-ot81}} | {{t\|4\|g85r2a-hp1i}} | {{t\|3\|g85r2a-bvk6}} | {{t\|5\|g85r2a-es4h}} | {{t\|1\|g85r2a-lhtk}} | {{t\|12\|g85r2a-nu1l}} | {{t\|-84.8%\|g85r2a-6e7a}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|-381\|g85r2a-1eu8}} | {{t\|-265\|g85r2a-8jwx}} | {{t\|-500\|g85r2a-mg3q}} | {{t\|-150\|g85r2a-l0yq}} | {{t\|-1,295\|g85r2a-0vwr}} | {{t\|-348\|g85r2a-bh6p}} | {{t\|-361\|g85r2a-ya0q}} | {{t\|-157\|g85r2a-zw2l}} | {{t\|-284\|g85r2a-b7w5}} | {{t\|-1,149\|g85r2a-o05j}} | {{t\|-11.3%\|g85r2a-d2a1}} |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|-373\|g85r2a-aswy}} | {{t\|-410\|g85r2a-mp2t}} | {{t\|-572\|g85r2a-zoay}} | {{t\|-207\|g85r2a-e11f}} | {{t\|-1,561\|g85r2a-gmu4}} | {{t\|-529\|g85r2a-rxf0}} | {{t\|-413\|g85r2a-i8gz}} | {{t\|-440\|g85r2a-n8h4}} | {{t\|-366\|g85r2a-dirl}} | {{t\|-1,748\|g85r2a-y4h7}} | {{t\|12.0%\|g85r2a-frd7}} |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|-111\|g85r2a-u8ow}} | {{t\|12\|g85r2a-5g7g}} | {{t\|92\|g85r2a-7awv}} | {{t\|-27\|g85r2a-j7ug}} | {{t\|-33\|g85r2a-0qmj}} | {{t\|47\|g85r2a-q8ae}} | {{t\|28\|g85r2a-0923}} | {{t\|-14\|g85r2a-vlck}} | {{t\|1\|g85r2a-79ue}} | {{t\|62\|g85r2a-uy9i}} | n.m. |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|3\|g85r2a-uct2}} | {{t\|3\|g85r2a-y9u4}} | {{t\|3\|g85r2a-xkjb}} | {{t\|3\|g85r2a-k0uv}} | {{t\|11\|g85r2a-nngq}} | {{t\|4\|g85r2a-313f}} | {{t\|4\|g85r2a-y7ue}} | {{t\|4\|g85r2a-lihh}} | {{t\|3\|g85r2a-clz8}} | {{t\|14\|g85r2a-jmxx}} | {{t\|21.5%\|g85r2a-elmb}} |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|-480\|g85r2a-ucfg}} | {{t\|-395\|g85r2a-8hhz}} | {{t\|-477\|g85r2a-u253}} | {{t\|-231\|g85r2a-ccl0}} | {{t\|-1,583\|g85r2a-xmrk}} | {{t\|-479\|g85r2a-fpzl}} | {{t\|-382\|g85r2a-ao1d}} | {{t\|-450\|g85r2a-f0gd}} | {{t\|-361\|g85r2a-f2nq}} | {{t\|-1,672\|g85r2a-tdr2}} | {{t\|5.6%\|g85r2a-jbo2}} |
| Net income (loss) attributable to: — Income taxes related to core income (loss) | {{t\|59\|g85r2a-0qm6}} | {{t\|136\|g85r2a-q3xr}} | {{t\|45\|g85r2a-m3rl}} | {{t\|57\|g85r2a-nvqh}} | {{t\|296\|g85r2a-6ik2}} | {{t\|176\|g85r2a-puxe}} | {{t\|48\|g85r2a-j4fg}} | {{t\|296\|g85r2a-nfl2}} | {{t\|78\|g85r2a-ozf6}} | {{t\|597\|g85r2a-k6fh}} | {{t\|101.5%\|g85r2a-l0qt}} |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|-421\|g85r2a-a1n9}} | {{t\|-260\|g85r2a-u8gp}} | {{t\|-432\|g85r2a-o5s0}} | {{t\|-174\|g85r2a-1b0w}} | {{t\|-1,287\|g85r2a-j5l4}} | {{t\|-303\|g85r2a-qu95}} | {{t\|-334\|g85r2a-ieop}} | {{t\|-155\|g85r2a-rq4i}} | {{t\|-283\|g85r2a-lcqf}} | {{t\|-1,075\|g85r2a-chd1}} | {{t\|-16.5%\|g85r2a-dlw8}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|-359\|g85r2a-6xeq}} | {{t\|-259\|g85r2a-e5d1}} | {{t\|-433\|g85r2a-v6yg}} | {{t\|-176\|g85r2a-ekew}} | {{t\|-1,228\|g85r2a-5j9j}} | {{t\|-307\|g85r2a-9nc0}} | {{t\|-337\|g85r2a-yk7e}} | {{t\|-160\|g85r2a-ncp9}} | {{t\|-283\|g85r2a-slrm}} | {{t\|-1,087\|g85r2a-cvdm}} | {{t\|-11.5%\|g85r2a-pzyo}} |" |
|---|
|
| id | "g85r2a-c24" |
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| chunk | 24 |
|---|
| pages | |
|---|
| heading | "Consolidation" |
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| tags | |
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| links | | "Insurance revenue" |
| "Underlying earnings" |
|
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| data_items | |
|---|
| effective_tags | | "Insurance revenue" |
| "Underlying earnings" |
|
|---|
| content | "**Consolidation operating profit build-up.**
| In EUR million | 1Q 24 | 2Q 24 | 3Q 24 | 4Q 24 | 2024 | 1Q 25 | 2Q 25 | 3Q 25 | 4Q 25 | 2025 | ∆ 2025 / 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total business volume (72) | {{t\|-172\|g85r2a-v1pc}} | {{t\|-164\|g85r2a-5rkv}} | {{t\|-156\|g85r2a-ush7}} | {{t\|-253\|g85r2a-it45}} | {{t\|-746\|g85r2a-yv8a}} | {{t\|-110\|g85r2a-qzf8}} | {{t\|-218\|g85r2a-y36f}} | {{t\|-150\|g85r2a-d8hm}} | {{t\|-145\|g85r2a-ispf}} | {{t\|-623\|g85r2a-e95w}} | {{t\|-16.5%\|g85r2a-lkrr}} |
| Operating {{t\|insurance revenue\|\|Insurance revenue}} | {{t\|1\|g85r2a-gj3k}} | {{t\|-29\|g85r2a-cziv}} | {{t\|-12\|g85r2a-akgp}} | {{t\|-41\|g85r2a-157c}} | {{t\|-81\|g85r2a-y059}} | {{t\|-9\|g85r2a-cvjv}} | {{t\|-14\|g85r2a-bm9r}} | {{t\|-23\|g85r2a-94vi}} | {{t\|-10\|g85r2a-m9q6}} | {{t\|-56\|g85r2a-cuwg}} | {{t\|-30.3%\|g85r2a-6qv9}} |
| {{t\|Operating profit\|\|Underlying earnings}} | {{t\|-2\|g85r2a-fe02}} | {{t\|2\|g85r2a-pz78}} | {{t\|-5\|g85r2a-c2nn}} | {{t\|1\|g85r2a-9jo9}} | {{t\|-4\|g85r2a-l214}} | {{t\|-4\|g85r2a-h39s}} | {{t\|3\|g85r2a-a0ng}} | {{t\|1\|g85r2a-i1s9}} | {{t\|0\|g85r2a-7q2f}} | {{t\|1\|g85r2a-mg1p}} | n.m. |
| Non-operating items — Realized gains/losses (net) | {{t\|0\|g85r2a-7lsz}} | {{t\|-0\|g85r2a-i1vp}} | {{t\|-1\|g85r2a-ybnv}} | {{t\|1\|g85r2a-cgbf}} | {{t\|-0\|g85r2a-o2wk}} | {{t\|0\|g85r2a-qoxl}} | {{t\|0\|g85r2a-6nqj}} | {{t\|1\|g85r2a-ylsc}} | {{t\|-0\|g85r2a-xr4c}} | {{t\|1\|g85r2a-3tyz}} | n.m. |
| Non-operating items — Expected credit loss and impairments (net) | {{t\|0\|g85r2a-gr4z}} | {{t\|0\|g85r2a-j7zw}} | {{t\|0\|g85r2a-vini}} | {{t\|0\|g85r2a-50yb}} | {{t\|0\|g85r2a-shez}} | {{t\|0\|g85r2a-68an}} | {{t\|0\|g85r2a-lr5b}} | {{t\|0\|g85r2a-xc42}} | {{t\|0\|g85r2a-m6xv}} | {{t\|0\|g85r2a-oc64}} | n.m. |
| Non-operating items — Result from assets and liabilities measured at fair value incl. derivatives | {{t\|2\|g85r2a-fuan}} | {{t\|-1\|g85r2a-vnls}} | {{t\|6\|g85r2a-gsi7}} | {{t\|-5\|g85r2a-19hg}} | {{t\|1\|g85r2a-v8ss}} | {{t\|3\|g85r2a-mtr5}} | {{t\|-0\|g85r2a-cx3i}} | {{t\|-2\|g85r2a-dgv2}} | {{t\|-0\|g85r2a-prk8}} | {{t\|1\|g85r2a-6szn}} | {{t\|-27.0%\|g85r2a-wpy6}} |
| Non-operating items — thereof: Non-operating market movements | {{t\|2\|g85r2a-yhz4}} | {{t\|-1\|g85r2a-5qrr}} | {{t\|6\|g85r2a-ylgg}} | {{t\|-5\|g85r2a-cwgw}} | {{t\|1\|g85r2a-w5vp}} | {{t\|3\|g85r2a-384g}} | {{t\|-0\|g85r2a-yvk6}} | {{t\|-2\|g85r2a-poqz}} | {{t\|-0\|g85r2a-6osr}} | {{t\|1\|g85r2a-ca31}} | {{t\|-27.0%\|g85r2a-almr}} |
| Non-operating items — Interest expenses from external debt | {{t\|0\|g85r2a-rxds}} | {{t\|0\|g85r2a-ictf}} | {{t\|0\|g85r2a-qqlo}} | {{t\|0\|g85r2a-olnv}} | {{t\|0\|g85r2a-rtgd}} | {{t\|0\|g85r2a-bbgb}} | {{t\|0\|g85r2a-12ma}} | {{t\|0\|g85r2a-z21l}} | {{t\|0\|g85r2a-jva6}} | {{t\|0\|g85r2a-s7nt}} | n.m. |
| Non-operating items — Restructuring and integration expenses | {{t\|0\|g85r2a-kk51}} | {{t\|0\|g85r2a-6wwn}} | {{t\|0\|g85r2a-bfwb}} | {{t\|0\|g85r2a-o7y9}} | {{t\|0\|g85r2a-mkgz}} | {{t\|0\|g85r2a-sub8}} | {{t\|0\|g85r2a-ygpp}} | {{t\|0\|g85r2a-fnf4}} | {{t\|0\|g85r2a-16vo}} | {{t\|0\|g85r2a-tve1}} | n.m. |
| Non-operating items — Amortization of intangible assets | {{t\|0\|g85r2a-kgoj}} | {{t\|0\|g85r2a-37fa}} | {{t\|0\|g85r2a-mey0}} | {{t\|-1\|g85r2a-xa3y}} | {{t\|-1\|g85r2a-zkli}} | {{t\|0\|g85r2a-76tv}} | {{t\|0\|g85r2a-o9xb}} | {{t\|0\|g85r2a-5pun}} | {{t\|0\|g85r2a-1hvz}} | {{t\|0\|g85r2a-hd2f}} | {{t\|-100.0%\|g85r2a-6qx9}} |
| Non-operating items — thereof: Amortization of intangible assets from business combinations | {{t\|0\|g85r2a-vc83}} | {{t\|0\|g85r2a-23s2}} | {{t\|0\|g85r2a-vcpk}} | {{t\|0\|g85r2a-ef2k}} | {{t\|0\|g85r2a-wn0b}} | {{t\|0\|g85r2a-l18x}} | {{t\|0\|g85r2a-o950}} | {{t\|0\|g85r2a-abe8}} | {{t\|0\|g85r2a-gotd}} | {{t\|0\|g85r2a-vwq5}} | n.m. |
| Non-operating items — Other | {{t\|0\|g85r2a-685y}} | {{t\|0\|g85r2a-ypjx}} | {{t\|0\|g85r2a-p11l}} | {{t\|4\|g85r2a-0zeo}} | {{t\|4\|g85r2a-gu01}} | {{t\|1\|g85r2a-flcp}} | {{t\|-2\|g85r2a-icww}} | {{t\|0\|g85r2a-ejip}} | {{t\|0\|g85r2a-czep}} | {{t\|-1\|g85r2a-r58q}} | n.m. |
| **Non-operating items — Subtotal** | {{t\|2\|g85r2a-xii8}} | {{t\|-1\|g85r2a-q83d}} | {{t\|5\|g85r2a-bldd}} | {{t\|-1\|g85r2a-65gy}} | {{t\|4\|g85r2a-nhth}} | {{t\|4\|g85r2a-ch3k}} | {{t\|-3\|g85r2a-3629}} | {{t\|-0\|g85r2a-f5t4}} | {{t\|-0\|g85r2a-py5y}} | {{t\|1\|g85r2a-h2im}} | {{t\|-86.8%\|g85r2a-qs7t}} |
| **Non-operating items — Income (loss) before income taxes** | {{t\|0\|g85r2a-bmah}} | {{t\|0\|g85r2a-5yd0}} | {{t\|-0\|g85r2a-88bg}} | {{t\|-0\|g85r2a-h471}} | {{t\|-0\|g85r2a-2k87}} | {{t\|0\|g85r2a-bfvo}} | {{t\|0\|g85r2a-qmcy}} | {{t\|1\|g85r2a-ipt6}} | {{t\|-0\|g85r2a-wn4l}} | {{t\|1\|g85r2a-njxg}} | n.m. |
| Non-operating items — Income taxes | {{t\|0\|g85r2a-ln6j}} | {{t\|-0\|g85r2a-74zs}} | {{t\|0\|g85r2a-5xq2}} | {{t\|0\|g85r2a-h9fa}} | {{t\|-0\|g85r2a-qivp}} | {{t\|0\|g85r2a-ij68}} | {{t\|0\|g85r2a-wryr}} | {{t\|-1\|g85r2a-g995}} | {{t\|0\|g85r2a-tnm0}} | {{t\|-1\|g85r2a-hssp}} | n.m. |
| **Non-operating items — Net income (loss)** | {{t\|0\|g85r2a-cl25}} | {{t\|0\|g85r2a-gapa}} | {{t\|-0\|g85r2a-d0mt}} | {{t\|-0\|g85r2a-4c0g}} | {{t\|-0\|g85r2a-s6pz}} | {{t\|0\|g85r2a-f290}} | {{t\|0\|g85r2a-mctg}} | {{t\|0\|g85r2a-pjob}} | {{t\|-0\|g85r2a-igs6}} | {{t\|0\|g85r2a-b2xs}} | n.m. |
| Net income (loss) attributable to: — Non-controlling interests | {{t\|0\|g85r2a-4i5q}} | {{t\|-0\|g85r2a-zx3l}} | {{t\|-0\|g85r2a-mm81}} | {{t\|0\|g85r2a-0vx4}} | {{t\|0\|g85r2a-p1eq}} | {{t\|0\|g85r2a-vsfg}} | {{t\|0\|g85r2a-2enw}} | {{t\|0\|g85r2a-j9jd}} | {{t\|0\|g85r2a-wvi7}} | {{t\|0\|g85r2a-nj7o}} | {{t\|-100.0%\|g85r2a-qiwb}} |
| **Net income (loss) attributable to: — Shareholders** | {{t\|0\|g85r2a-aeuk}} | {{t\|0\|g85r2a-vmie}} | {{t\|-0\|g85r2a-svmf}} | {{t\|-0\|g85r2a-pxiu}} | {{t\|-0\|g85r2a-oola}} | {{t\|0\|g85r2a-3wcn}} | {{t\|0\|g85r2a-yr2g}} | {{t\|0\|g85r2a-w0u5}} | {{t\|-0\|g85r2a-nguk}} | {{t\|0\|g85r2a-jbi5}} | n.m. |
| **Net income (loss) attributable to: — Income (loss) before income taxes** | {{t\|0\|g85r2a-hsro}} | {{t\|0\|g85r2a-vxpq}} | {{t\|-0\|g85r2a-myuj}} | {{t\|-0\|g85r2a-dp0b}} | {{t\|-0\|g85r2a-04i4}} | {{t\|0\|g85r2a-2yox}} | {{t\|0\|g85r2a-p5fm}} | {{t\|1\|g85r2a-7sk5}} | {{t\|-0\|g85r2a-f0e0}} | {{t\|1\|g85r2a-eyqu}} | n.m. |
| Net income (loss) attributable to: — Adjustment for non-operating market movements | {{t\|-2\|g85r2a-1iv2}} | {{t\|1\|g85r2a-91zu}} | {{t\|-6\|g85r2a-7ncy}} | {{t\|5\|g85r2a-97u0}} | {{t\|-1\|g85r2a-d176}} | {{t\|-3\|g85r2a-aefk}} | {{t\|0\|g85r2a-qdbm}} | {{t\|2\|g85r2a-l3we}} | {{t\|0\|g85r2a-runj}} | {{t\|-1\|g85r2a-3nps}} | {{t\|-27.0%\|g85r2a-ey2v}} |
| Net income (loss) attributable to: — Adjustment for amortization of intangible assets from business combinations | {{t\|0\|g85r2a-we13}} | {{t\|0\|g85r2a-0dua}} | {{t\|0\|g85r2a-2r0q}} | {{t\|0\|g85r2a-g8ol}} | {{t\|0\|g85r2a-3dwe}} | {{t\|0\|g85r2a-g5xm}} | {{t\|0\|g85r2a-anwg}} | {{t\|0\|g85r2a-au0b}} | {{t\|0\|g85r2a-bskk}} | {{t\|0\|g85r2a-kmul}} | n.m. |
| **Net income (loss) attributable to: — Core income (loss) before income taxes** | {{t\|-2\|g85r2a-fqc6}} | {{t\|2\|g85r2a-9bd8}} | {{t\|-6\|g85r2a-wkzk}} | {{t\|5\|g85r2a-g084}} | {{t\|-1\|g85r2a-mkje}} | {{t\|-3\|g85r2a-8j6n}} | {{t\|0\|g85r2a-394v}} | {{t\|3\|g85r2a-ubep}} | {{t\|0\|g85r2a-a665}} | {{t\|0\|g85r2a-swqf}} | n.m. |
| Net income (loss) attributable to: — Income taxes related to core income (loss) | {{t\|0\|g85r2a-aogj}} | {{t\|-0\|g85r2a-xy35}} | {{t\|0\|g85r2a-t2n4}} | {{t\|0\|g85r2a-o3vv}} | {{t\|-0\|g85r2a-rz6e}} | {{t\|0\|g85r2a-z4d4}} | {{t\|0\|g85r2a-w6kj}} | {{t\|-1\|g85r2a-41nu}} | {{t\|0\|g85r2a-ayxf}} | {{t\|-1\|g85r2a-ezoc}} | n.m. |
| **Net income (loss) attributable to: — Core net income (loss)** | {{t\|-2\|g85r2a-1e7z}} | {{t\|1\|g85r2a-83pi}} | {{t\|-6\|g85r2a-vq4t}} | {{t\|5\|g85r2a-8k45}} | {{t\|-1\|g85r2a-hh63}} | {{t\|-3\|g85r2a-1s5e}} | {{t\|0\|g85r2a-q2im}} | {{t\|2\|g85r2a-4beo}} | {{t\|0\|g85r2a-4bqh}} | {{t\|-1\|g85r2a-drah}} | {{t\|-54.6%\|g85r2a-qzt3}} |
| **Net income (loss) attributable to: — thereof: Shareholders' core net income (loss)** | {{t\|-2\|g85r2a-xihx}} | {{t\|1\|g85r2a-d3eo}} | {{t\|-6\|g85r2a-fqld}} | {{t\|5\|g85r2a-c7te}} | {{t\|-1\|g85r2a-308p}} | {{t\|-3\|g85r2a-95xp}} | {{t\|0\|g85r2a-axx0}} | {{t\|2\|g85r2a-0iam}} | {{t\|0\|g85r2a-xb98}} | {{t\|-1\|g85r2a-7ujh}} | {{t\|-54.6%\|g85r2a-xzaa}} |
(72) Total business volume comprises gross premiums written and fee and commission income in Property-Casualty, statutory gross premiums in Life/Health, and operating revenues in Asset Management." |
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