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    ALV   DE0008404005

ALLIANZ SE

(ALV)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/20 03:59:23 pm
184.5 EUR   -3.29%
10:47aALLIANZ : Mulls Accelerating Management Board Changes
MT
09:36aAllianz speeds up succession planning in light of Structured Alpha lawsuits
RE
09:22aALLIANZ : Company statement provided to the WSJ
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Allianz Warns of Risk to Earnings From Structured Alpha Funds Investigations

08/02/2021 | 03:14am EDT

By Mauro Orru

Allianz SE said future earnings could be hit by current investigations into its Structured Alpha funds that have been linked to investor losses during the coronavirus-related market downturn early last year.

The German insurer said Sunday that the U.S. Justice Department had launched an investigation into the funds, alongside a separate investigation that the U.S. Securities and Exchange Commission began last year.

The probes stem from lawsuits filed against Allianz by institutional investors as well as individual plaintiffs over the insurer's Structured Alpha funds that allege several billion dollars in losses, the company said in its 2020 report. Allianz said in the report that it intends to defend itself against the allegations.

Stocks fell sharply in March 2020 as investors responded to news on the spread and economic impact of the coronavirus, with market volatility reaching a record high.

Allianz said Sunday it is cooperating with the Justice Department and the SEC, and has launched its own review.

The insurer hasn't recognized provisions at this stage, but said "there is a relevant risk that the matters relating to the Structured Alpha funds could materially impact future financial results of Allianz Group."

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

08-02-21 0313ET

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Analyst Recommendations on ALLIANZ SE
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Financials
Sales 2021 142 B 167 B 167 B
Net income 2021 8 394 M 9 843 M 9 843 M
Net Debt 2021 22 832 M 26 775 M 26 775 M
P/E ratio 2021 9,02x
Yield 2021 5,66%
Capitalization 75 537 M 88 648 M 88 583 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,67x
Nbr of Employees 150 269
Free-Float 99,9%
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Technical analysis trends ALLIANZ SE
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 183,92 €
Average target price 231,95 €
Spread / Average Target 26,1%
EPS Revisions
Managers and Directors
Oliver Bńte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
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