Allianz Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Allianz (ETR:ALV) Full Year 2024 Results

Key Financial Results

• Revenue: €106.4b (up 8.5% from FY 2023).
• Net income: €9.79b (up 17% from FY 2023).
• Profit margin: 9.2% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €25.20 (up from €21.20 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Allianz Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Property-Casualty segment contributing a total revenue of €77.3b (73% of total revenue). Notably, cost of sales worth €90.4b amounted to 85% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €5.48b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ALV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Insurance industry in Europe.

Performance of the market in Germany.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Allianz's balance sheet health.

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