By Elena Vardon

Allianz is scheduled to report results for the third quarter on Friday. Here is what you need to know:

NET PROFIT: Europe's largest insurer is expected to report net income attributable to shareholders of 2.675 billion euros ($3.10 billion) for the three-month period, according to a company-compiled consensus made up of up to 14 analysts' estimates. This compares with a net profit of 2.47 billion euros in the same period of 2024.

OPERATING PROFIT: Consensus estimates that the German company will post 4.30 billion euros in group operating profit for the quarter, an increase on the previous year's 3.94 billion euros.

Allianz shares trade at 363 euros and have risen 23% since the start of the year, compared to a 21% gain for the Stoxx Europe 600 Insurance index in the same period.

WHAT TO WATCH:

--Allianz's solvency II ratio--a measure of capital strength--at the end of the period is penciled in at 211%, against 209% a year prior.

--The Munich-based group's property-and-casualty combined ratio--a key profitability metric--is expected to be 92.3% for the quarter compared with 93.5% a year prior. The market will be looking out for signs of underlying underwriting profitability in this line of business, according to Morgan Stanley.

--At its life-and-health unit, new business margin is forecast at 5.7% against 6.1% a year before.

--Analysts expect net flows at its asset-management segment--which houses Pimco and Allianz Global Investors--of 38 billion euros. This would take its third-party assets under management to 1.896 trillion euros at the end of the period. "We...think Allianz's asset-management units should see net inflows accelerate and improving AUM as rates are cut and bond yields continue to drop in the U.S. and Europe," Bank of America analysts said in a recent note.

--The market will also be looking out for comments on whether the insurer is looking at dealmaking. "We think Allianz has around 10 billion euros of M&A firepower, which could be deployed over the current 2025-27 plan period," BofA said.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

November 13, 2025 05:49 ET (10:49 GMT)

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