Report
Roland Pfaender,MBA,CFA,CCRA

Allianz : CMD points to growth in retail and SME biz and lower unit costs

>CMD points to up to 7% EPS growth p.a. in 2018-2021e - Allianz held a CMD on Friday 30 November with the focus on simplicity and productivity. Management is targeting organic group operating profit growth of 4% plus (CAGR 2018-2021e). The main contributors should be P/C insurance and asset management with 5% operating profit CAGR each. L/H insurance should contribute 2% operating profit CAGR in the three-year period (adjusted 3%). Productivity gains should account fo...
Underlying
Allianz SE

Allianz is engaged in the provision of a range of insurance and asset management products and services. Co. has three business segments: Property-Casualty, which provides insurance products to both private and corporate customers, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit and travel insurance; Life/Health, which provides life and health insurance products including annuities, endowment and term insurance, unit-linked and investment-oriented products and private health and supplemental health and long-term care insurance; and Asset Management, which provides institutional and retail asset management products and services.

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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