Allianz : Solid underlying operational trends, provisions for litigation
>Q4 operating profit better than expected, with mixed trends - Allianz released its Q4 2021 results on Friday. Q4 revenue was € 38.4bn (+5.9% organic growth), notably with strong growth in P&C insurance (+10.7% l-f-l). Operating profit was € 3,509m (+18.0%), beating forecasts (consensus at € 3,307m, our forecast € 3,342m), with better-than-anticipated operating profit at the group’s three business lines. At the P&C insurance activity, operating profit was € 1,551m (+7...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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