Allianz Group Reports 48% Jump in First Quarter Net Profit

German insurance giant Allianz Group posted a sharp increase in first-quarter earnings, with core net profit attributable to shareholders rising 48.4 percent year-on-year to 3.79 billion euros. The strong quarterly performance comes as the insurance company maintains an optimistic outlook for its medium-term prospects, forecasting operating profit between 16.4 and 18.4 billion euros for the full year 2026. The substantial profit growth reflects the broader recovery in the global insurance sector as companies benefit from higher interest rates and improved market conditions.