Print

All News

Allianz Group and AGCS Q3/9M 2017 Results

Allianz Group and AGCS releases its financial results for third quarter 2017.

  • AGCS gross premiums written for 9M 2017 totaled €5.731 billion (9M 2016: €6.007 billion). In a highly competitive market environment, premiums are €276 million lower year on year. This revenue decline is largely driven by ongoing pressure on rates across various Lines of Business as well as adjusted portfolio strategies in some segments.
  • The combined ratio for 9M 2017 deteriorated to 103.5% which is 4.5 percentage points worse compared to 99.0% for 9M 2016. This is mainly caused by significant losses from natural catastrophes in the third quarter.
  • Operating profit decreased to €172 million in 9M 2017 (9M 2016: €371 million) which is €198 million lower than prior year. The operating profit for the first nine months suffered from a negative underwriting result and declining investment income.

 

For the full AGCS picture, download the AGCS Q3/9M 2017 results briefing here

For more information on Allianz SE results, please visit the Investor Relations page.