Allianz : A good underlying performance for all business lines
>Operating profit beat forecasts in Q3 - Allianz released its Q3 2021 earnings on Wednesday morning. Q3 group revenue grew strongly to € 34.4bn, representing organic growth of 9.0%, with strong growth reported in all business lines. Operating profit was € 3,236m in Q3 2021 (+11.3%), beating forecasts (consensus at € 2,044m, our forecast € 2,024m), with better-than-expected operating profit in AM (notably for AGI). In P&C insurance, operating profit was € 1,287m (-2.1...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.
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