Allianz : Solid operating result in Q2 despite natural catastrophes
>Continued robust revenue growth - Allianz has published its Q2 results, with operating profit coming in better than expected. Revenues were € 42.6bn, up 8.8% l-f-l (+7.6% reported), with strong growth in P&C insurance (+10.5% to € 19.3bn) thanks to the impact of continued strong price hikes (+7.3% on renewed business in H1) and volume growth (+2.9% in H1). In life and health insurance, revenues were up 7.7% l-f-l (to € 21.5bn), with a 6.5% increase in new business v...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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