Allianz Se Unsp/Adr (ALIZY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Allianz's third quarter and nine months 2025 media conference call. Thank you for joining us today. My name is Frank Stoffel, Head of Financial Communications and Valuation Relations and I'm here at our headquarters in Munich with our Chief Financial Officer Claire-Marie Cosle-Poutre and our Group Head of Communications Lauren Day. Today's conference call is scheduled for 60 minutes, and as usual, we will answer your questions following our presentation. With this, it is my pleasure to hand over to our CFO, Claire-Marie Kostelputre. Thank you very much, Franck, and good morning to all of you. I'm very pleased to report on another very strong quarter for the group, which is building to an excellent contribution to the year and our three-year plan. Our results are supported by both an ongoing top-line momentum and an attractive margin development. Across the organization, we are working on our three strategic levers of smart growth, productivity, and resilience, with first signs of materialization into our numbers. As you can see on page A4, year-to-date, our business volume growth continues to be very strong at 8.5%. As previously, this growth is diversified from a segment perspective and within the segment, across businesses and geographies, which gives us a lot of strength for the future. Our operating profit is now up by more than 10% year-to-date. The number FX adjusted would even be 13%. Here as well, we see positive developments in all our segments. Our core net income growth is accelerating compared to the first half of the year, Year-to-date, it grows by 10.5%, or actually 8%, adjusted for the disposal gain of the live TV with Unicredit in Italy that we did book in the second quarter, and as well the anticipated tax effect ...