Germany's Allianz says operating profit up in third quarter

German insurer Allianz Group reported on Thursday that its operating profit in the third quarter rose 6.2% to €4.7 billion, and raised the upper end of its full-year 2026 operating profit target range to around €18.6 billion.

Third-quarter net income attributable to shareholders was €2.78 billion ($3.09 billion), down 2.2% from the prior year. 

Shareholders' core net income increased 1.2% to €2.9 billion. Adjusted for offsetting measures following the sale of the stake in Indian joint ventures, underlying growth was 3%. 

Core earnings per share were €7.70 compared with €7.44. Third-quarter total business volume was at €44.4 billion, with internal growth of 3%.