Allianz : Operating profit robust in Q2, contrasting performances
>Sharp growth in P&C insurance - Allianz released on Friday morning its Q2 2022 results. Group revenues stood at € 37.1bn, up 8.2 reported and 3.6% l-f-l with: 1/ very sharp organic growth in P&C insurance (+11.1%); 2/ virtually-stable premiums in life and healthcare insurance (-0.3%); 3/ an 8.7% decline in revenues l-f-l in AM. In P&C insurance, we note an average price increase of 4.2% in renewed businesses in H1 2022. In life insurance, the margin on new businesse...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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