Report
Roland Pfaender,MBA,CFA,CCRA

Allianz : Q1 2019 should deliver no major surprises

>Forecasting net profit of € 1,874m for Q1 2019e - Allianz is due to report its Q1 2019 results on 14 May. We estimate group Q1 2019e results as follows: i/ operating profit of € 2,835m, up 2.9% yoy (consensus: € 2,853m); ii/ net income of € 1,874m, down 3.3% yoy (consensus: € 1,881m), implying an annualized ROE of 12.0% for the quarter; iii/ a modest decline in the Solvency II ratio from 229% at YE 2018 to 224% triggered by share buybacks, model adjustments and a cha...
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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