ALLIANZ SE UNSP.ADR 1/10

Pimco and Allianz Global Investors gathered €47 billion net in the third quarter, boosting the fund business’s operating result to €1.1 billion. Natural disaster losses weighed on the property and casualty business by about €1.1 billion, so the segment’s and the group’s operating result fell by roughly eight percent to €2.2 billion for the quarter. Group-wide, operating profit still rose six percent to €4.7 billion and to a record €14.1 billion after nine months. CEO Oliver Bäte raised the full-year operating profit target to €16.4–18.6 billion. » More on wiwo.de

Allianz posted an operating result of €4.7bn in the third quarter (+6.2%), well above analysts' expectations, and reached a nine-month record of €14.1bn (+7.8%). Adjusted net income attributable to shareholders rose to €9.3bn in the nine-month period (+10.6%) and adjusted earnings per share increased to €24.15 (+12.7%); the adjusted return on equity is 20.1%. The main driver was Asset Management, which delivered a quarterly record operating result of €1.119bn and net inflows of €47bn, while property-casualty insurance declined due to natural catastrophes. Allianz raised the upper end of its 2026 operating result guidance from €18.4bn to around €18.6bn and reports a Solvency II ratio of 219%. » More on deraktionaer.de

Allianz Commercial will launch its own Lloyd’s syndicate, “Allianz Commercial 1893”, in January 2027 to expand its specialty insurance business such as aviation, marine and transport. In the first year up to £117 million in net written premiums are expected, with volumes set to grow gradually. The aim is to gain access to specific Lloyd’s programmes and new regions, for example to strengthen US business in the Excess and Surplus market. The syndicate will complement the existing specialty insurance activities, not replace them. » More on handelsblatt.com

Jefferies raises its target price for Allianz from €420 to €440 but keeps the rating at "Hold." Analyst Philip Kett adjusted his forecasts because Allianz is accelerating the reinvestment of realized gains from the Indian joint venture into fixed-income securities. He warns that continued volatility in the bond market could cause other insurers to record losses on fixed-income holdings. » More on finanzen.net

According to Bloomberg, Allianz is the probable buyer for HSBC Life Singapore Pte. and could take over the business for around $2 billion. Details are still being reviewed and a closing could be announced soon. The purchase would strengthen Allianz’s presence in Asia and fits with other acquisition plans in the region. » More on deraktionaer.de