Allianz : Earnings in line with forecasts, solvency falls but remains solid
>Fall in operating profit and net income in Q as expected - Yesterday morning Allianz released its detailed results for Q1 2020 (it had already announced the level of its operating profit and net income with no other details when it abandoned its operating profit guidance for 2020). The group’s revenues were € 42.6bn, up 3.7% like-for-like (+5.7% reported), still largely unaffected by COVID-19. The value of new business in life insurance increased 2% in Q1 (with a fal...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.