Report
Benoit Valleaux

Allianz : Operating income expected to be in the top half of the group’s target range

>Operating income anticipated at € 3.5bn in Q4 2022 - Allianz is due to report its Q4 2022 results on 17 February. We expect operating income to be more or less stable at € 3,504m in Q4 2022 (-0.1% vs Q4 2021), marginally below the consensus (€ 3,524m). In P&C insurance, we forecast operating income at € 1,637m (+5.5% vs Q4 2021), with a combined ratio expected at 94.0%, showing a very slight deterioration vs Q4 2021 (+0.5 points) and stable vs Q3 2022, including a co...
Underlying
Allianz SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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