At group level, operating profit rose 12.6% to €4.4 billion, and shareholders’ core net income increased 12.7% to €2.9 billion. Internal growth reached 5.2% as total business volume held steady at €42.8 billion. For the first nine months of 2025, Allianz reported €13.1 billion in operating profit, up 10.4%. Total business volume reached €141.2 billion, with internal growth of 8.5%. Shareholders’ core net income increased 10.5% to €8.4 billion, or 8.3% on an adjusted basis. Core earnings per share were €21.43, and annualized core return on equity reached 18.5%. The Solvency II ratio remained strong at 209%.