Allianz (ALIZF,$208.00) posts Q1 results; revenue is up +6.2% year-over-year
Allianz reported first quarter operating profit of 3.2 billion euros – which remains solid, albeit with a mild, -2.9% decrease amidst higher claims from natural catastrophes.
The insurance company’s total revenues in the quarter were 44.0 billion euros, up +6.2% from the year-ago quarter. Internal revenue growth (which adjusts for foreign currency translation and consolidation effects) was +3.8%, on the back of growth in all business segments.
According to the company, Property-Casualty business experienced strong internal growth, driven by “healthy pricing and robust volume growth”. Operating profit was impacted by the highest level of claims from natural catastrophes for a first-quarter in a decade, the company stated.
In Life/Health, solid improvement in new business margin and value was due to improved business mix and increase in volumes across most entities – thereby auguring well for the company's future profitability, according to the company.
Allianz mentioned that its Asset Management business had a “very strong” first-quarter in operating profit.
Looking ahead, Allianz confirmed its 2022 operating profit outlook at 13.4 billion euros (plus or minus 1 billion euros).
Notable companies
The most notable companies in this group are American International Group (NYSE:AIG).
Industry description
A multi-line insurance contract bundles together exposures to risk and covers them under a single contract. For providers of such policies, the bundle is a potential risk diversification strategy since their exposure gets spread over several factors, which helps them mitigate a financial burden if a catastrophic event were to occur. Other potential benefits include getting more premiums from including more than one type of insurance in a bundle, and getting a competitive edge by procuring multiple insurance contracts with a customer. Examples of companies in this industry are Berkshire Hathaway (which owns several insurance companies), Chubb Limited, American International Group, Inc. and Sun Life Financial Inc.
Market Cap
The average market capitalization across the Multi-Line Insurance Industry is 17.83B. The market cap for tickers in the group ranges from 4.2M to 634.15B. BRK.A holds the highest valuation in this group at 634.15B. The lowest valued company is ADHG at 4.2M.
High and low price notable news
The average weekly price growth across all stocks in the Multi-Line Insurance Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 3%. HLVTY experienced the highest price growth at 19%, while NDEV experienced the biggest fall at -19%.
Volume
The average weekly volume growth across all stocks in the Multi-Line Insurance Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 91%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 39
P/E Growth Rating: 53
Price Growth Rating: 57
SMR Rating: 89
Profit Risk Rating: 72
Seasonality Score: 13 (-100 ... +100)
