Allianz : Solid results in Q3 2023 despite natural catastrophes
>Strong revenue growth in Q3 - Allianz on Friday reported its Q3 2023 results, under the new IFRS 17 standards. Group revenues came to € 36.5bn, up 9.3% l-f-l, with: 1/ further strong growth in P&C insurance (+10.8%), thanks to still robust price momentum (price effect +5.3%, volumes +4.9%, fees +0.6%), 2/ significant revenue growth in life/health insurance (+8.1%), with, in particular, strong growth in Italy (launch of new products) and still solid momentum in the US...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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