Allianz : Q2 2019 results support our unchanged estimates
>Q2 2019 results overall in line with estimates once adjusted for positive one-off in L/H insurance - Allianz reported Q2 2019 group operating profit of € 3,159m, beating both our estimate (€ 3,005m) and consensus (€ 3,008m). The beat was driven by a € 156m positive one-off (DAC adjustment) in L/H insurance. Group net income stood at € 2,140m (annualized ROE: 12.6%) and thus ~7% above the consensus estimate, additionally aided by a low tax rate in the quarter. Allianz...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.