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OverviewAPI
Allianz, the insurance giant, has witnessed a significant increase in profit, reporting a record operating profit of €14.7 billion for the fiscal year 2023. The company's success was driven by strong performance in its life and health insurance businesses, leading to a surge in net profit and adjusted annual surplus. Despite an initial stock surge following decisions on dividend increase and a share buyback program, the stock eventually drifted into negative territory. Allianz aims for an operational result between 13.8 and 15.8 billion euros for the current fiscal year, with a focus on future growth.

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