Q3 2022 Allianz SE Earnings Press Conference Transcript
Good morning, and welcome to Allianz' Third Quarter Results Web Audio Conference. The conference is scheduled to last up to 90 minutes today. As usual, our CFO, Giulio Terzariol, will guide you through the quarterly results, and we'll then take your questions. I hereby hand over to Giulio, please.
Thank you, Holger, and good morning to everybody, and I'm pleased to present as always, the results for the third quarter of Allianz. But before we go into the third quarter results, as usual, we give also a short update on the picture for the 9 months.
Overall, we had a very strong set of results for the 9 months with an operating profit of over EUR 10 billion. This is driven particularly by Property-Casualty. But I will say that all segments have contributed fairly to the operating profit subject really to the current market condition.
When we look at the Property-Casualty segment, we have a combined ratio, which is basically stable over the last year level, but we are
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