Allianz : Profitability set to show good resilience despite large claims in Q2
>We forecast a slight decline in operating profit to € 3.7bn in Q2 2024 - Allianz is due to report its Q2 2024 results on 8 August. We forecast operating profit of € 3.698bn (-2.2% vs Q2 2023), in line with the provisional consensus (€ 3.696bn). We expect Q2 to confirm the group’s capacity for resilience in terms of profitability in the face of a challenging claims environment in P&C (nat cat, large claims), as this estimate corresponds to one-quarter of the group’s ...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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