Allianz SE Stock Today (27 November 2025): Share Price Dips as AI Job Cuts and Profit Boom Collide

Allianz SE’s share price is easing off recent highs today, 27 November 2025, as investors digest headlines about significant AI‑driven job cuts at its travel insurance unit, fresh profit growth in Malaysia, and new valuation commentary after a strong year‑to‑date rally.

Allianz SE share price on 27 November 2025

On the Xetra exchange, Allianz SE (ticker: ALV, also quoted as ALVG) is trading slightly lower today:

Last price: about €370.35, down 0.82% versus Wednesday’s close of €373.40. ^[1]
Today’s intraday range: roughly €370.20 – €373.70. ^[2]
52‑week range: approximately €286.60 – €380.30, putting the stock only a few percentage points below its 52‑week high. ^[3]

German outlet Welt notes that Allianz opened this morning at €371.30, a modest 0.56% drop from yesterday’s close, and estimates the company’s market capitalization at around €140.1 billion, giving it a weighting of about 6.7% in the DAX. ^[4] Financial Times data similarly shows a market cap of roughly €140 billion, with about 386 million shares outstanding, a trailing P/E near 13.5x, and a dividend yield of just over 4% based on an annual payout of €15.40 per share (ex‑date 9 May 2025). ^[5]

Despite today’s small pullback, Allianz shares have enjoyed a strong 2025. A valuation note published this morning by Simply Wall St points out that the stock is up around 25.8% year‑to‑date and 3.9% over the last week. ^[6]

Record 2025 results underpin the stock

The current share price sits against a backdrop of record earnings and upgraded guidance:

Q3 2025 operating profit:€4.4 billion, up 12.6% year‑on‑year.
9M 2025 operating profit:€13.1 billion, the highest nine‑month operating profit in Allianz’s history.
9M core net income:€8.4 billion, up 10.5%, with core EPS of €21.43.
Annualised core ROE: an impressive 18.5%.
Solvency II ratio: a robust 209%, indicating strong capitalization. ^[7]

On 14 November, Allianz lifted its full‑year 2025 operating profit outlook to “at least €17 billion”, expecting to land between €17–17.5 billion, at the very top end of its prior €16 billion ± €1 billion range. ^[8] The group also completed a €2 billion share buyback by September, adding another pillar to shareholder returns via capital return alongside its dividend policy. ^[9]

These fundamentals are a key reason why Allianz continues to be treated as a core holding in European insurance portfolios and sits among the largest financial stocks globally, with market‑cap estimates in the $140–165 billion range depending on currency and data provider. ^[10]

AI‑driven job cuts at Allianz Partners dominate today’s headlines

The biggest story around Allianz today is not its earnings, but planned job cuts tied to artificial intelligence at Allianz Partners, the group’s assistance and travel insurance subsidiary.

Multiple outlets citing Reuters report that Allianz intends to eliminate between 1,500 and 1,800 jobs—about 6.6–8% of Allianz Partners’ workforce—over the next 12–18 months. The reductions will fall mainly on call‑centre roles in the travel insurance division as AI and automation take over a growing share of customer service and claims processing tasks. ^[11]

Key points from today’s coverage:

Allianz Partners employs around 22,600 people, with roughly 14,000 staff handling customer inquiries and claims by phone. ^[12]
German publication Versicherungsmonitor first reported the plan; Reuters‑based stories in outlets such as The Straits Times and The Economic Times have now pushed it into the international spotlight. ^[13]
Allianz has not confirmed the exact number of jobs, but says it is “actively examining how technological change will affect all employees,” acknowledging that positions heavily reliant on manual processes could be affected. ^[14]
The company is in confidential talks with works councils, signalling that negotiations with employee representatives are already underway. ^[15]

An in‑depth piece from Insurance Journal frames the move squarely as part of a wider AI transition in the insurance industry, highlighting that Allianz sees both a need to cut manual jobs and an opportunity to create new roles around data, governance and technology. ^[16] Insurance Business, in its US and Canadian editions, likewise stresses that the cuts show how quickly AI is reshaping call‑centre operations across the travel insurance sector. ^[17]

For equity investors, the message is mixed:

On one hand, lower personnel costs and greater automation can support margins in a business that is both highly transactional and sensitive to claim volumes.
On the other, large‑scale job cuts can raise reputational, political and execution risks, especially in Europe’s tightly regulated labour markets and at a time when AI‑related layoffs are under intense public scrutiny.

Travel insurance demand is actually rising

Ironically, the news of job cuts lands on the same day as fresh data showing strong demand for travel insurance under the Allianz brand.

A 2025 Winter Vacation Confidence Study from Allianz Global Assistance Canada finds that: ^[18]

46% of Canadians plan to travel this winter, up 11 percentage points from last year.
Younger travellers lead the rebound: 52% of Millennials and 48% of Gen Z say they intend to travel.
56% of households with children expect to take winter trips.
Nearly one‑third (32%) of Canadians plan to leave their home province in late December—almost double the prior year’s rate.

The study concludes that this rebound will boost seasonal demand for travel insurance policies, especially for coverage against medical emergencies abroad, trip interruptions and cancellations due to weather, flight disruptions or geopolitical events. ^[19]

For Allianz SE shareholders, the combination is telling:

Top‑line opportunity: Rising travel volumes should support premium growth for Allianz‑branded travel products in North America and beyond.
Efficiency pressure: At the same time, management is clearly determined to use AI to keep operational costs under control, even if that means cutting hundreds of jobs at Allianz Partners.

Allianz Malaysia: strong profits from Asia support the group story

Another positive datapoint for Allianz today comes from Malaysia, where a key regional subsidiary reported double‑digit profit growth.

According to Insurance Business Asia, Allianz Malaysia Bhd posted: ^[20]

Q3 2025 net profit of RM234.2 million, up 27.8% year‑on‑year,
Quarterly revenue of RM1.58 billion, up from RM1.52 billion in the prior quarter,
9M 2025 net profit of RM661.2 million on revenue of RM4.63 billion.

The article attributes the improvement to:

better claims experience and higher insurance and investment results in the general insurance segment,
improved insurance service result and disciplined expense control in life insurance,
continued focus on underwriting excellence, optimized product mix and cost containment. ^[21]

Crucially for Allianz SE investors, the piece notes that this regional momentum mirrors the wider group, highlighting the parent company’s upgraded guidance to at least €17 billion of operating profit for 2025, 9M operating profit of €13.1 billion and a Solvency II ratio of 209%. ^[22]

Strong performance in a growth market like Malaysia reinforces Allianz’s image as a diversified, multi‑geography insurer, less reliant on any single European economy or line of business.

Fresh valuation debate: Is Allianz still cheap after a 25.8% rally?

With Allianz shares trading near record highs, today’s investors are asking a simple question: how much upside is left?

Fundamental valuation: potentially big upside

The Simply Wall St note published this morning takes a strongly bullish view on fundamentals. Using an Excess Returns model, the analysis estimates that Allianz’s intrinsic value is around 58.5% above the current market price, suggesting meaningful undervaluation. ^[23]

Some of the inputs cited:

Book value per share: €158.34, projected to rise to €178.68 based on analyst estimates.
“Stable” earnings per share (EPS): about €33.08, calculated via multi‑year ROE assumptions.
Cost of equity: estimated at €8.81 per share, implying excess returns of roughly €24.27 per share each year.
Long‑run average ROE: about 18.5%, comfortably above the cost of capital and broadly in line with Allianz’s reported 9‑month ROE. ^[24]

On this basis, Simply Wall St labels Allianz “UNDERVALUED” despite the strong share‑price rally.

Market multiples: closer to “fairly priced”

On simpler valuation metrics, the picture is less dramatic:

Allianz’s trailing P/E ratio sits around 13.5–13.8x, broadly in line with global peers and slightly above the wider insurance sector average. ^[25]
Simply Wall St calculates an internal “fair” P/E of about 13.0x, concluding the stock trades only slightly above that level, which they interpret as “about right” on a P/E basis. ^[26]
The dividend yield, around 4.1–4.3% depending on the data source, remains attractive relative to European bond yields and many blue‑chip equities. ^[27]

Street view: BofA’s €410 target

Earlier this month, BofA Securities upgraded Allianz from Neutral to Buy and raised its price target from €400 to €410, citing: ^[28]

a projected 10.5% EPS CAGR from 2024–2027, above both company targets and market consensus,
a 2025 dividend yield of about 4.8%, expected to grow broadly in line with earnings,
roughly €10 billion in “underappreciated” M&A capacity that could add further upside.

For income and quality‑growth investors, that combination—high profitability, resilient balance sheet, solid dividend and optionality from buybacks and acquisitions—is a key part of the bull case.

Snapshot: key Allianz SE metrics as of today

Bringing the data together, Allianz SE on 27 November 2025 looks roughly as follows:

Share price (Xetra): ~€370.35, down 0.82% on the day. ^[29]
Market capitalization: ~€140 billion (in euros), placing Allianz among Europe’s largest financial institutions. ^[30]
52‑week range:€286.60 – €380.30; the stock is trading close to the upper end. ^[31]
Dividend:€15.40 per share (2025 payment), with a ~4.2% yield at current prices. ^[32]
Valuation: P/E in the mid‑teens, with at least one fundamentals‑based model suggesting 50%+ upside to intrinsic value, while others see the stock as roughly fairly valued. ^[33]

Near‑term catalysts and risks for the stock

What to watch next

Inside Allianz Series (London, 28 November 2025): Allianz will host its “Inside Allianz Series” investor event in London tomorrow, offering analysts and institutional investors direct Q&A time with senior management. Any commentary on AI strategy, capital allocation or pricing trends could influence sentiment. ^[34]
Next earnings date: Technical research site StockInvest expects Allianz’s next earnings release around 26 February 2026, when management will update markets on the full‑year 2025 numbers and outlook. ^[35]

Key upside drivers

Continued premium growth across property‑casualty, life/health and asset management, supported by rising travel and economic activity. ^[36]
Successful execution of AI and automation strategies at Allianz Partners and other business units, boosting efficiency without major service or reputational issues. ^[37]
Ongoing capital returns via dividends and potential additional share buybacks on top of the €2 billion programme already completed. ^[38]

Main risks

Execution and social risk around job cuts: heavy AI‑related layoffs can trigger backlash from employees, regulators or politicians, especially in Europe, and could complicate labour negotiations. ^[39]
Market risk: after a mid‑20% YTD rally, Allianz’s share price could be more sensitive to any earnings disappointment, regulatory changes in insurance capital rules, or macro shocks. ^[40]
Catastrophe and claims volatility: as always for insurers, unexpected large‑loss events or adverse reserve developments can pressure profits despite solid underlying trends.

ESG and brand: Social innovation in focus

Not all of today’s Allianz‑related headlines are about cost cutting. On the sustainability and social impact side, the Allianz x Social Shifters MoveNow Global Social Innovation Challenge 2025 has opened applications, offering US$5,000 and US$10,000 awards for youth‑led projects in: ^[41]

Financial inclusion & empowerment
Health & wellbeing in communities
Climate resilience

The initiative is aligned with the Allianz Global Social Impact program, MoveNow, and targets founders aged 18–30 working on solutions with measurable social or environmental impact. ^[42]

While such programmes don’t move the share price day‑to‑day, they matter increasingly for ESG‑minded investors, particularly at a time when AI‑related layoffs could draw scrutiny of the company’s social footprint.

What today’s news means for Allianz SE shareholders

Putting it all together, 27 November 2025 is a classic “push‑and‑pull” news day for Allianz SE:

The share price is consolidating near historic highs, down modestly but still within touching distance of its 52‑week peak. ^[43]
Fundamentals remain very strong, with record operating profits, a higher 2025 outlook and a capital position significantly above regulatory minima. ^[44]
News of AI‑driven job cuts at Allianz Partners confirms management’s determination to defend margins, but also introduces headline and social risk. ^[45]
Fresh analysis from Simply Wall St and prior upgrades from BofA keep the valuation debate alive, with some models pointing to substantial upside even after a strong run. ^[46]

For long‑term investors, today’s message is less about a dramatic price move and more about how Allianz plans to balance efficiency, growth and social responsibility in the age of AI—all while continuing to deliver high‑teens returns on equity and a dividend yield north of 4%.

Some AI names will end up in tears, says Allianz's Mohamed El-Erian