Allianz : Solid earnings despite reserve strengthening in Q4
>Operating profit forecast at the upper end of the full-year target range despite Allianz Global Corporate & Speciality (AGCS) - Allianz is due to report its 2019 results on Friday, 21 February before the market open. We are forecasting an operating profit of € 2,571m in Q4 2019, down 7.2%, hit by an expected decline in operating profit for the P&C division. This implies a forecast operating profit of € 11,675m over the full year in 2019, at the upper end of the full-...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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