Allianz SE

The stable outlook reflects our view that the group will continue to manage its capital adequacy tightly within the 'AA' confidence range under our risk-based capital model. We anticipate some potential fluctuations between the lower end of the 'AA' range and the higher end of the 'A' range. We also expect Allianz will continue to demonstrate its willingness and ability to replenish capital to the 'AA' level shortly after any potential dip. In our view, Allianz's earnings are set to keep recovering in 2023-2024 on the back of stronger profits from asset management, which would again make a material contribution to the group's performance. Furthermore, we anticipate that, over the next two years, Allianz will maintain its excellent brand and

...S&P Global Ratings anticipates that Allianz's--a leading global insurance group--top and bottom line to continue to benefit from its globally diversified multiline operations. Allianz enjoys leading positions in several markets around the globe. The group showed strong 8% growth to 22.6 billion of insurance revenue in Q1 2023. Growth remains broadly across geographies and products and is keeping momentum through the combination of price increases and new business additions. In global lines Allianz uses the still favorable environment to tap areas of profitable growth through Allianz Global Corporate & Specialty (AGCS), Allianz Partners, and Allianz Trade. We expect gradual moderation in group growth rates resulting from reduced inflationary pressures and weakening overall business environment in the coming quarters. Allianz's position as one of the largest asset managers globally enhances its competitive standing and underpins its superior stability and financial strength amid volatile...

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