Allianz : Q3 2019 operating profit could come in broadly stable y-o-y
>Forecast operating profit of € 2,985m for Q3 2019 - Allianz is due to report its Q3 2019 results on 8 November. We estimate group Q3 2019e results as follows: i/ operating profit of € 2,985m, down 0.1% y-o-y (consensus: € 2,965m); ii/ net income of € 1,901m, down 1.8% y-o-y (consensus: € 1,851m), implying an annualised ROE of 10.8% for the quarter; and iii/ a decline in the Solvency II ratio from 213% in Q2 2019 to 206% (consensus 205%) triggered by declining interes...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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