Allianz : Solid Q1 2022 results in prospect despite the crisis
>Operating profit forecast at € 3.06bn in Q1 2022 - Allianz is due to report its Q1 2022 results on 12 May. We forecast an operating profit of € 3.065bn (-8.1% vs high Q1 2021 base), just above the consensus (€ 3.031bn, -9.1%). Our forecast includes a limited impact stemming from the exposures to Russia/Ukraine with: 1/ very limited costs for Euler Hermes, in line with the trends seen for the other credit insurers (Coface, Atradius), 2/ a very limited impact for AGCS...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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