Allianz publishes fourth quarter, comprehensive-year financials

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Metric

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Q4 2022

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Q4 2021

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FY 2022

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FY 2021

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Overall revenues

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€36.7 billion

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€38.4 billion

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€152.7 billion

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€148.5 billion

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Running earnings

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€4 billion

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€3.5 billion

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€14.2 billion

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€13.4 billion

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Internet cash flow attributable to shareholders

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€2 billion

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unfavorable €292 million

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€6.7 billion

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€6.6 billion

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Segment-intelligent, house-casualty insurance’s operating revenue in the fourth quarter slid by 5.4% though FY22 working revenue grew 8.4% daily life/wellness insurance policy observed a 50.5% surge in Q4 functioning financial gain when that for the calendar year rose by 5.4% and asset management posted decreases in working profit for both of those periods, by 22.2% and 8.3%, respectively, in the previous quarter and 12 months.

Lifting the lid on the group’s operating income for FY22, Allianz pointed out in its earnings announcement that the house-casualty business segment contributed greater underwriting and expense success, though the enhance in functioning revenue in daily life/wellbeing was attributed to the acquired Polish operations from Aviva and business development in Asia.

Allianz SE chief government Oliver Bäte commented: “With our history benefits for equally profits and functioning gain in 2022, Allianz has consolidated its position as a person of the world’s greatest, most resilient, and reliable worldwide monetary establishments.

“Our efficiency is the product of considerate design and style, trusted execution, relentless simplification, and disciplined cash management. Also, shopper and worker satisfaction as nicely as brand name strength achieved new all-time superior scores.

“In an unpredictable environment with rising challenges and societal imbalances, we are proudly demonstrating our capability to leverage the gains of Allianz’s scale for our shoppers, our staff, and our shareholders.”

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