Allianz raises profit forecast - Allianz smashes profit targets with €13.1B in nine months of 2022
Allianz, the multinational financial services provider, has reported a robust operating profit of €13.1 billion in the first nine months of 2022, marking a significant increase from €11.8 billion in the same period last year. The company's CEO, Oliver Bäte, had earlier expressed confidence in achieving a new record profit this year.
Allianz has revised its full-year operating profit outlook upwards to a range of €17 billion to €17.5 billion. This revised forecast reflects the company's strong performance so far this year and its confidence in maintaining this momentum. Previously, Allianz had predicted a profit range of €15 billion to €17 billion for the full year.
With over 156,000 employees worldwide, Allianz is well-positioned to capitalise on global opportunities. The company's global reach and diverse business portfolio have contributed to its robust financial performance.
Allianz's operating profit for the first nine months of 2022 has exceeded expectations, with the company on track to achieve a new record profit this year. The revised profit outlook reflects Allianz's strong performance and confidence in its future prospects. The company's global workforce continues to drive this success.
