(FILES) A picture taken on March 16, 2017 in Nantes, western France, shows the logo of german collective insurance group Allianz. Allianz, Europe's leading insurer, announced on May 13, 2026, a record operating profit of 4,5 billion euros for the first quarter, up 6.6% year-on-year, despite a 5% decline in its health and life division in a volatile environment. (Photo by LOIC VENANCE / AFP via Getty Images)