0634 GMT - Allianz's higher operating profit guidance for 2025 is positive and supports the German insurer's investment case, Keefe, Bruyette & Woods says in a research note. The group now expects operating profit to come in between 17 billion and 17.5 billion euros, up from its previous guidance of 16 billion euros, plus or minus 1 billion euros. Consensus pencils in 17.1 billion euros. "We expect discussion about the drivers of this outperformance, the non-operating items and book-value growth, and the extent to which the performance is sustainable or can be built from," analyst William Hawkins writes. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
November 14, 2025 01:34 ET (06:34 GMT)
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