Allianz Upgraded to Buy Following Record 2025 Results and €2.5 Billion Buyback

Key Facts

1Allianz delivered record 2025 results with 8.4% operating profit growth and 12.5% EPS growth.

2The Solvency II ratio reached 218%, beating expectations by 7bps.

3The company announced a €2.5 billion share buyback and a €17.1 dividend per share.

42026 operating profit guidance is set at €17.4 billion ± €1 billion.

Allianz has reported record-breaking financial results for the fiscal year 2025, leading analysts to upgrade the stock to a "Buy" rating. The insurance giant achieved an 8.4% increase in operating profit and a 12.5% rise in earnings per share (EPS). Capital strength remained robust, with the Solvency II ratio reaching 218%, exceeding market expectations by 7 basis points. In a move to reward shareholders, Allianz announced a €2.5 billion share buyback program alongside a dividend of €17.1 per share. Looking ahead, the company provided positive guidance for 2026, targeting an operating profit of approximately €17.4 billion. This combination of strong earnings and substantial capital returns underscores Allianz's resilient market position.