- Allianz reported a third-quarter operating profit of €3.94 billion, surpassing the estimated €3.76 billion.
- The Property & Casualty segment achieved an operating profit of €1.97 billion, exceeding the forecast of €1.82 billion.
- The Life & Health segment recorded an operating profit of €1.38 billion, slightly above the projection of €1.34 billion.
- Total revenue for Allianz in the third quarter amounted to €42.8 billion.
- The company noted that it benefited from fewer natural catastrophes this year, even though they remained at high levels.
- Stock analyst ratings for Allianz include 17 buys, 7 holds, and 1 sell.
A look at Allianz Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Despite facing economic uncertainties, Allianz, a leading insurance and financial services company, appears to have a positive long-term outlook according to Smartkarma’s Smart Scores. With a strong focus on dividends and momentum, Allianz seems well-positioned to deliver consistent returns to investors. Its solid performance in growth and resilience further contributes to its favorable overall outlook, indicating potential stability and expansion prospects in the future.
Allianz SE, known for its diverse insurance offerings and financial services through its subsidiaries, stands out for its robust dividend policy, growth potential, and ability to weather challenges. With high scores in key areas like momentum and resilience, Allianz showcases a promising future outlook that may attract investors seeking both stability and growth in the insurance and financial sector.
Summary: Allianz SE, through subsidiaries, offers insurance and financial services. The Company offers property and casualty, life and health, credit, motor vehicle, and travel insurance, as well as fund management services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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