Finance

Allianz Profit Meets Estimates, Outlook ‘Underwhelming’

The Allianz SE office building in the La Defense business district in Paris.Photographer: Nathan Laine/Bloomberg

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By Stephan Kahl

February 26, 2026 at 6:20 AM UTC

Updated on

February 26, 2026 at 8:39 AM UTC

Allianz SE’s shares declined after it reported a somewhat disappointing profit outlook.

The Munich-based insurer — which owns bond manager Pacific Investment Management Co. — targets an operating profit for this year of €17.4 billion, “plus or minus €1 billion,” it said in a statement on Thursday. That compares to €17.4 billion reported for last year.