Allianz : Good resilience in the face of the crisis
>Solid business despite the context - Allianz released its Q2 2020 net income on Wednesday, 5 August. Revenues came in at € 33.2bn in Q2 2020, down 6.8% reported and down 7.7% l-f-l due to the pandemic. P&C premiums totalled € 13.5bn (-1.6% l-f-l) due to the sensitivity of some business lines to the economic crisis, but with an acceleration in price hikes (+4.5% YTD), notably for AGCS. In life insurance, new sales declined by 24.3% in Q2, despite a marked upturn in Ju...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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