Report
Roland Pfaender,MBA,CFA,CCRA

Allianz : On track to reach our 2018e earnings estimates

>We forecast net profit of € 1,797m for Q2 2018e - Allianz is due to report its Q2 2018 results on 03 August. We estimate group Q2 2018e results as follows: i/ operating profit of € 2,890m, down 1.3% yoy (consensus: € 2,899m); ii/ net income of € 1,797m, down 9.9% yoy (consensus: € 1,799m), implying an annualized ROE of 11.5% for the quarter, negatively impacted by a € 200m net loss linked to the disposal of a Life entity in Taiwan; iii/ a modest improvement of the So...
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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