Allianz raises 2026 outlook after record core profit

German insurer Allianz raised its 2026 earnings outlook Wednesday after reporting a record core profit for the first nine months of the year.

The company lifted the upper end of its target range for underlying profit to about 18.6 billion euros, or $20.6 billion. It had previously guided for core profit of 17.4 billion euros, plus or minus one billion euros.

In preliminary results, Allianz said core profit reached 14.1 billion euros in the first nine months of 2026, up about eight percent from a year earlier.

The insurer said it will release full results for the first nine months and the third quarter on Thursday.