Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine - S&P Global Ratings’ Credit Research

Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine

Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine - S&P Global Ratings’ Credit Research
Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine
Published May 12, 2021
2 pages (996 words) — Published May 12, 2021
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About This Report

  
Abstract:

FRANKFURT (S&P Global Ratings) May 12, 2021--S&P Global Ratings said today that Allianz SE's (AA/Stable/A-1+) first-quarter earnings in 2021 show strong results across all business lines after full-year 2020 earnings were hit by the COVID-19 pandemic. We regard Allianz's ample earnings diversification as a key strength, contributing to a very sound operating profit of €3.3 billion in first-quarter 2021. Allianz benefited from the very strong results of its asset management operation and reduced claims in private property and casualty business lines due to prevailing lockdown restrictions. From our perspective, Allianz Global Corporate&Specialty (AGCS) had a strong start to the year, with a combined ratio of 98% in line with Allianz's expectations. This indicates the overall turnaround process for

  
Brief Excerpt:

...May 12, 2021 FRANKFURT (S&P Global Ratings) May 12, 2021--S&P Global Ratings said today that Allianz SE's (##/Stable/A-1+) first-quarter earnings in 2021 show strong results across all business lines after full-year 2020 earnings were hit by the COVID-19 pandemic. We regard Allianz's ample earnings diversification as a key strength, contributing to a very sound operating profit of 3.3 billion in first-quarter 2021. Allianz benefited from the very strong results of its asset management operation and reduced claims in private property and casualty business lines due to prevailing lockdown restrictions. From our perspective, Allianz Global Corporate & Specialty (AGCS) had a strong start to the year, with a combined ratio of 98% in line with Allianz's expectations. This indicates the overall turnaround process for AGCS, in our view....

  
Report Type:

Bulletin

Ticker
ALV@GR
Issuer
Allianz SE
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers, Structured Finance
Country
Germany
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine" May 12, 2021. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Strong-First-Quarter-Results-See-Allianz-s-Strengths-Shine-2645569>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Strong First-Quarter Results See Allianz's Strengths Shine May 12, 2021. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Strong-First-Quarter-Results-See-Allianz-s-Strengths-Shine-2645569>
  
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