Financial figures significantly improved for both the fourth quarter and the whole fiscal year 2021, announced the insurance company Allianz.
In particular, for the fourth quarter, the company announced an increase in its total revenue by 7.9% to 38.4 billion euros and its operating profitability by 18% to 3.5 billion euros.
The results distributed during the same period amounted to losses of 292 million euros due to pre-tax forecasts of 3.7 billion dollars. Excluding the forecast, the company’s net results increased by 38.2% to 2.5 billion euros.
At the level of 2021, Allianz revenues recorded an improvement of 5.7% to 148.5 billion euros, while its operating profits recorded a “jump” of 24.6% to 13.4 billion euros.
The net results showed a decrease of 2.9% and amounted to 6.6 billion euros as a result of the above forecast of 3.7 billion euros, which reduced the group’s profits by 2.8 billion euros.
For the current year, the company expects operating profits of 13.4 billion euros, with a margin of 1 billion euros.
The management of the company proposed the increase of the dividend by 12.5% ​​to 10.80 euros per share, as a result of the strong operating profitability and its net profits.
Source: Capital
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