Allianz : Solid operating profit expected in Q3 despite the environment
>Slight increase in operating profit expected - Allianz is due to report its Q3 2022 results on 10 November. We look for an operating profit of € 3,331m (+2.9% vs Q3 2021), slightly below the current consensus (€ 3,389m), due to our more cautious scenario than the consensus for natural catastrophes costs. We are looking for an operating profit of € 1,578m (+22.6%), below the consensus (€ 1,645m), with an expected combined ratio of 94.0% (vs 94.7% in Q3 2021), a shade ...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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