MUNICH (dpa-AFX) - Allianz Group reported first quarter net income to
shareholders of 2.47 billion euros, an increase of 21.8% from a year ago.
Operating profit rose 6.8% to 4.0 billion euros driven by the Property-Casualty
business segment, supported by good results in the Asset Management and the
Life/Health business segments. Shareholders' core net income was 2.5 billion
euros, up by 15.7%. Core earnings per share was 6.42 euros compared to 5.43
euros.

First quarter total business volume rose by 5.3% to 48.4 billion euros, driven
by all business segments.

The Group maintained its 2024 operating profit target at 14.8 billion euros,
plus or minus 1 billion euros.

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