Report
Benoit Valleaux

Allianz : Solid operating result despite natural catastrophes

>We look for an operating profit of € 3.0bn in Q3 2021 - Allianz is due to report its Q3 2021 results on 4 November. We look for an operating profit of € 3,007m (+3.4% vs Q3 2020), very slightly below the current consensus (€ 3,047m), mainly due to our more cautious scenario for natural catastrophe costs than the consensus. By business line, we look for an operating profit of € 1,223m (-7.0%) in P&C insurance, below the consensus (€ 1,274m), with an expected combined ...
Underlying
Allianz SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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