ALIZY - Allianz: No Material Valuation Support

2024-05-19 07:36:51 ET

Summary

• Q1 results were a good start to the year but unlikely to be a positive catalyst.
• Supportive results are based on our ten-year analyses of the company's primary financial ratio.
• Allianz's valuation looks full, and so we moved our rating to a neutral status.

Following the Q1 release, we are here to delve into Allianz ( ALIZF , ALIZY ), one of the world's largest insurers. Allianz, often referred to as an integrated insurance player, offers a diverse range of products such as life & savings solutions, health & medical insurance, and P&C. Notably, Allianz boasts one of the largest asset management businesses globally (PIMCO). The company was incorporated in 1890 and is headquartered in Munich....

For further details see: