Allianz SE (ETR:ALV)
Germany · Delayed Price · Currency is EUR 448.60
-3.10 (-0.69%)
Aug 27, 2026, 10:38 AM CET
Allianz SE Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 11,796 | 10,775 | 9,931 | 8,541 | 6,421 | 6,610 |
Depreciation & Amortization | 1,542 | 1,205 | 1,282 | 1,450 | 1,413 | 1,710 |
Other Amortization | 973 | 973 | 872 | 822 | 766 | 815 |
Gain (Loss) on Sale of Investments | -2,512 | -1,401 | 4,434 | 7,254 | 23,782 | -1,177 |
Change in Accounts Receivable | 39,453 | 23,810 | 27,519 | 16,023 | -12,598 | - |
Reinsurance Recoverable | -844 | -182 | -1,033 | 210 | -2,873 | -1,385 |
Change in Unearned Revenue | - | - | - | - | - | 1,261 |
Change in Deferred Taxes | -162 | 16 | 623 | 13 | 418 | -358 |
Change in Insurance Reserves / Liabilities | 7,230 | 7,461 | 2,964 | 644 | -7,398 | 18,022 |
Change in Other Net Operating Assets | -25,218 | -15,746 | -13,274 | -12,530 | 15,651 | -2,897 |
Other Operating Activities | -2,097 | 6,589 | -1,267 | 2,203 | -7,523 | 5,741 |
Operating Cash Flow | 29,991 | 33,209 | 31,903 | 24,462 | 17,952 | 25,124 |
Operating Cash Flow Growth | -18.44% | 4.09% | 30.42% | 36.26% | -28.55% | -21.61% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,128 | -2,265 | -1,915 | -2,140 | -1,618 | -1,411 |
Sale of Property, Plant & Equipment | 172 | 163 | 272 | 188 | 220 | 131 |
Cash Acquisitions | 45 | -140 | -280 | -106 | -199 | -3,172 |
Investment in Securities | -28,785 | -28,635 | -21,876 | -9,655 | 9,554 | -11,266 |
Other Investing Activities | 2,604 | 2,479 | -2,143 | 517 | -22,142 | -171 |
Investing Cash Flow | -24,860 | -26,897 | -25,675 | -12,007 | -14,992 | -19,783 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 9,229 | 9,206 | 6,869 | 8,823 | 8,350 |
Total Debt Repaid | -6,574 | -7,721 | -6,491 | -6,020 | -6,905 | -6,695 |
Net Debt Issued (Repaid) | -2,406 | 1,508 | 2,715 | 849 | 1,918 | 1,655 |
Issuance of Common Stock | - | - | - | - | - | 2 |
Repurchases of Common Stock | -2,404 | -1,994 | -1,500 | -2,202 | -1,311 | - |
Common Dividends Paid | -6,468 | -5,923 | -5,376 | -4,542 | -4,383 | -3,956 |
Other Financing Activities | -457 | -369 | -203 | 171 | -591 | -1,487 |
Financing Cash Flow | -11,735 | -6,778 | -4,364 | -5,724 | -4,367 | -3,786 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 87 | -1,362 | 426 | -468 | 268 | 216 |
Miscellaneous Cash Flow Adjustments | -50 | 46 | 137 | 51 | -212 | - |
Net Cash Flow | -6,567 | -1,782 | 2,427 | 6,314 | -1,351 | 1,771 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 27,863 | 30,944 | 29,988 | 22,322 | 16,334 | 23,713 |
Free Cash Flow Growth | -20.00% | 3.19% | 34.34% | 36.66% | -31.12% | -22.51% |
Free Cash Flow Margin | 23.33% | 27.34% | 27.17% | 22.45% | 17.05% | 20.71% |
Free Cash Flow Per Share | 73.31 | 80.80 | 77.17 | 56.32 | 40.21 | 57.60 |
Levered Free Cash Flow | 9,307 | 5,216 | 1,407 | -2,839 | -4,267 | -2,286 |
Unlevered Free Cash Flow | 10,067 | 6,019 | 2,348 | -2,059 | -3,741 | -1,561 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 1,606 | 1,604 | 1,555 | 1,311 | 961 | 1,090 |
Cash Income Tax Paid | 3,847 | 2,830 | 2,269 | 3,068 | 3,163 | 3,018 |
Change in Working Capital | 20,459 | 15,359 | 16,799 | 4,360 | -6,800 | 11,719 |