RBC Capital Markets stated in a research report that Allianz's operating profit forecast for 2026 is likely to be viewed as slightly disappointing. The German insurer anticipates an operating profit of 17.4 billion euros for this year, with a potential variance of 1 billion euros. Analysts Ben Cohen and Sarah Chong noted, "The midpoint of this forecast aligns with the actual figures for fiscal year 2025 but falls short of the market's average expectation of 18.1 billion euros. However, the company has a strong track record of exceeding the midpoint of its forecasts." They added that other key metrics were also somewhat disappointing, with both its Property & Casualty (P&C) and Life & Health (L&H) segments performing slightly below expectations, and net profit coming in 1% lower than anticipated.