Allianz : Solid underlying trends expected in Q4
>Operating profit expected to be virtually flat in Q4 despite COVID - Allianz is due to report its Q4 2020 results before trading on 19 February. We forecast an operating profit of € 2.735bn in Q4 2020, very close to the level in 2019 (-0.6%), which was marked by reserves strengthening for AGCS, and in line with the consensus (€ 2.738bn). We forecast an operating profit of € 1.194bn in P&C insurance (+38.7%), just ahead of the consensus, with a forecast combined ratio...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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