Allianz : Favourable operating trends in Q1
>Robust revenue growth in Q1 - Allianz released its Q1 2024 results yesterday. Revenues stood at € 48.4bn, up 7.5% l-f-l and 5.3% reported, with l-f-l growth at 7.5% in P&C insurance (continuing sharp price hikes in Q1 at 7.4% on average for renewed businesses, notably for individuals), 7.6% in health insurance and 5.7% in AM. In life insurance, the new business volume was sharply up (+20.6%), far above forecasts, with a new business margin that remained high at 5.7% ...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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