Report
Roland Pfaender,MBA,CFA,CCRA

Allianz : Q2 2018 beat driven by P/C insurance and Asset Management

>Q2 2018 operating profit of € 3.0bn stood € 0.1bn ahead of estimates - Allianz reported group operating profit for Q2 2018 of € 2,997m, thus beating consensus (€ 2.899m) and our estimate (€ 2,890m). P/C insurance and Asset Management operating profit surprised positively while L/H came in as expected. Group net income stood at € 1,891m (annualized ROE: 12.2%), held back by a disposal loss linked to a life portfolio in Taiwan (non-operating pre-tax charge € 224m). All...
Underlying
Allianz Europe Small Cap Equity - AT - EUR

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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