Allianz reported a record operating profit of €9.4 billion for the first half of 2026. The company maintained a strong Solvency II capital ratio of 225%. Net income and earnings per share declined year-over-year during the first half. This decrease prompted investor questions regarding the quality of the company's earnings.
The asset management division recorded net inflows of €84 billion. This division also delivered double-digit revenue growth.
Allianz shares rose approximately 17% over the last three months. Market analysts remain divided on whether the stock is overvalued or trading at a discount based on future cash flow models.