Report
Benoit Valleaux

Allianz : Operating income of € 14.7bn anticipated for full-year 2023

>We forecast operating income of € 3.7bn in Q4 2023 - Allianz is due to publish its 2023 results on 23 February. We forecast operating income of € 3,719m (+15.6%), a shade above the current consensus (€ 3,671m), a difference vs the consensus largely stemming from our forecast for P&C insurance. In P&C insurance, we expect significant organic revenue growth to continue (+9%), with a combined ratio of 93.7% (vs the consensus at 93.9%) impacted by the cost of natural cat...
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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