VNB

DGAP-News: Allianz SE: Allianz achieves 3.5 billion EUR operating profit in 2Q - Group confirms full-year outlook

Retrieved on: 
Friday, August 5, 2022 - 7:01am

2Q 2022: Operating profit increased 5.3 percent to 3.5 (3.3) billion euros, driven by improved underwriting and investment results in the Property-Casualty segment.

Key Points: 
  • 2Q 2022: Operating profit increased 5.3 percent to 3.5 (3.3) billion euros, driven by improved underwriting and investment results in the Property-Casualty segment.
  • 6M 2022: Operating profit increased 1.2 percent to 6.7 (6.7) billion euros, driven by higher operating profit in the Property-Casualty and Asset Management business segments.
  • We confirm our full-year outlook of operating profit of 13.4 billion euros, plus or minus 1 billion euros.
  • Operating profit rose 5.2 percent to 3.0 (2.9) billion euros, largely driven by a significantly higher operating investment result.

DGAP-News: Allianz achieves 3.2 billion euros operating profit - Group on track to meet full-year targets

Retrieved on: 
Thursday, May 12, 2022 - 2:54pm

- Operating profit remains strong at 3.2 billion euros.

Key Points: 
  • - Operating profit remains strong at 3.2 billion euros.
  • The decline reflects the impact of an additional pre-tax provision of 1.9 billion euros related to the AllianzGI U.S.
  • We confirm our full-year outlook of operating profit of 13.4 billion euros, plus or minus 1 billion euros.
  • This was due to an unfavorable market impact of 110.0 billion euros and net outflows of 9.0 billion euros, partly offset by a positive impact of 30.1 billion euros from favorable foreign currency translation effects.

DGAP-News: Allianz SE: ALLIANZ POSTS STRONG RESULTS

Retrieved on: 
Thursday, February 17, 2022 - 6:39pm

Strong sales in the United States and Italy contributed to revenue growth in the Life/Health business segment.

Key Points: 
  • Strong sales in the United States and Italy contributed to revenue growth in the Life/Health business segment.
  • On February 17, 2022, Allianz announced a new share buy-back program of up to 1 billion euros for 2022.
  • Our strong business performance, driven by the strong underlying fundamentals of our franchise, strengthens our confidence in our outlook for 2022."
  • There was a positive impact of 28.3 billion euros from consolidation, mainly related to the Allianz Life reinsurance transaction (30.0 billion euros).

Virginia National Bank Names New President

Retrieved on: 
Tuesday, January 11, 2022 - 6:30pm

CHARLOTTESVILLE, Va., Jan. 11, 2022 /PRNewswire/ --Virginia National Bank, a wholly-owned subsidiary of Virginia National Bankshares Corporation (NASDAQ:VABK), today announced industry veteran, Diane E. Corscadden-Weaver, as new president of Virginia National Bank.

Key Points: 
  • CHARLOTTESVILLE, Va., Jan. 11, 2022 /PRNewswire/ --Virginia National Bank, a wholly-owned subsidiary of Virginia National Bankshares Corporation (NASDAQ:VABK), today announced industry veteran, Diane E. Corscadden-Weaver, as new president of Virginia National Bank.
  • As the Bank's president, Corscadden-Weaver willreport to Glenn Rust, who remains the CEO of the Bank, as well as the President and CEO of Virginia National Bankshares Corporation.
  • She most recently served as senior vice president, group manager of commercial real estate at Atlantic Union Bank in the greater Washington-Baltimore region.
  • Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank.

DGAP-News: Allianz SE: Allianz posts strong third-quarter 2021 results

Retrieved on: 
Wednesday, November 10, 2021 - 6:02am

Net income attributable to shareholders increased 2.3 percent to 2.1 (2.1) billion euros in the third quarter of 2021.

Key Points: 
  • Net income attributable to shareholders increased 2.3 percent to 2.1 (2.1) billion euros in the third quarter of 2021.
  • The strong growth in operating profit was offset to a major extent by a decrease in the non-operating investment result.
  • Basic Earnings per Share (EPS) increased 37.8 percent to 16.64 (12.07) euros in the first nine months of 2021.
  • On August 5, 2021 Allianz announced a new share buy-back program of up to 750 million euros.

DGAP-News: Allianz SE: Allianz stays well on course in second quarter 2021

Retrieved on: 
Friday, August 6, 2021 - 6:00am

The Solvency II capitalization ratio was at 206 percent at the end of the second quarter of 2021 [3] , compared to 210 percent at the end of the first quarter 2021.

Key Points: 
  • The Solvency II capitalization ratio was at 206 percent at the end of the second quarter of 2021 [3] , compared to 210 percent at the end of the first quarter 2021.
  • The value of new business (VNB) grew significantly to 633 (357) million euros in the second quarter of 2021.
  • - Third-party assets under management (AuM) increased by 56 billion euros to 1,830 billion euros in the second quarter of 2021, compared to the end of the first quarter of 2021.
  • The cost-income ratio (CIR) improved by 4.1 percentage points to 58.7 percent in the second quarter of 2021 compared to the second quarter of 2020.