Allianz : Favourable outlook and robust balance sheet
>Continuing strong growth in P&C insurance - Allianz released its Q4 2022 results on Friday. The group’s revenues were € 36.7bn (-4.5% reported and -6.3% l-f-l), with: 1/ strong growth in P&C insurance (+9.9% l-f-l with a price effect of 5.7%), 2/ falls in revenues of respectively 15.8% and 20.1% l-f-l in life/health insurance and asset management. In P&C insurance, there was an acceleration in price increases, in particular in the retail segment in the current inflat...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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