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MarketScreener Homepage  >  Equities  >  Xetra  >  Allianz    ALV   DE0008404005

ALLIANZ (ALV)
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Allianz : 3Q Earnings Jump as Operating Result Improved

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11/09/2018 | 01:36am EST

By Nathan Allen

Allianz SE (ALV.XE) said Friday that third-quarter net profit increased more than 20% on year, due to a better operating result at the insurance and asset-management businesses.

The German insurer said net profit rose to 1.92 billion euros ($2.19 billion) from EUR1.57 billion a year earlier. Revenue rose to EUR30.5 billion from EUR28.3 billion a year earlier, the company said.

Analysts had forecast net profit of EUR1.89 billion on revenue of EUR29.22 billion, according to a FactSet-compiled consensus.

Allianz said its property-casualty insurance business experienced lower claims from natural catastrophes, a better underlying claims development and a decreased expense ratio, as well as strong premium growth.

Third-party assets under management grew by EUR23 billion after outflows in the second quarter, equivalent to a net increase of EUR15 billion. Total assets under management reached EUR2 trillion for the first time, the company said.

Write to Nathan Allen at nathan.allen@dowjones.com

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Financials (€)
Sales 2018 128 B
EBIT 2018 11 471 M
Net income 2018 7 682 M
Debt 2018 -
Yield 2018 4,80%
P/E ratio 2018 10,31
P/E ratio 2019 9,58
Capi. / Sales 2018 0,61x
Capi. / Sales 2019 0,59x
Capitalization 78 101 M
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Technical analysis trends ALLIANZ
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 216 €
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Oliver Bäte Chief Executive Officer
Michael Diekmann Chairman-Supervisory Board
Christof Mascher Chief Operating Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Gabriele Burkhardt-Berg Vice Chairman-Supervisory Board
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