Allianz SE has reported a record operating profit of €17.4 billion for the 2025 fiscal year, marking an 8.4% increase from the previous year and signalling what executives described as a strong start to the group’s new strategic cycle.

Munich Re announced that its net result for the 2025 financial year came in above target at €6.121 billion, supported by strong performances across its property & casualty (P&C) and life & health (L&H) reinsurance segments.