Allianz : Solid results expected in Q3, following the trend in Q2
>We forecast operating profit of € 3.9bn in Q3 2024 - Allianz is due to report its Q3 2024 net profit on 13 November. We anticipate operating profit of € 3.876bn (+11.8% vs Q3 2023, which saw very high nat cat costs), slightly ahead of the provisional consensus (€ 3.836bn, +10.6%). We forecast operating profit of € 15.7bn for full year 2024, at the top of the target range (€ 14.8bn, +/-€ 1bn).In P&C, we see operating profit of € 1.948bn (+34.7%) ahead of the cons...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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