Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the German company said in a statement on Monday.
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said.
Allianz's CMD update aligns with Wall Street expectations, but minor EPS growth and unchanged shareholder remuneration justify maintaining a neutral rating. There are no step changes in Allianz, and the company's valuation looks full. With a 10.6x 2025 P/E and no significant EPS uplift, I expect a muted share price reaction until Q1 2025 results.
Allianz , one of Europe's biggest insurers, raised its three-year financial targets during its Capital Markets Day on Tuesday.
Mohamed El-Erian, Allianz Chief economic advisor, joins 'Closing Bell Overtime' to talk the state of the global economy, clashes over global currency, the impact of tariffs and U.S. politics and more.
Allianz SE (OTCPK:ALIZF) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Andrew Ritchie - Head, Investor Relations Claire-Marie Coste-Lepoutre - Chief Financial Officer Conference Call Participants Andrew Baker - Goldman Sachs James Shuck - Citigroup William Hawkins - KBW Vinit Malhotra - Mediobanca Will Hardcastle - UBS Andrew Sinclair - Bank of America Hadley Cohen - Morgan Stanley Andrew Crean - Autonomous Iain Pearce - BNP Exane Paribas Andrew Ritchie Ladies and gentlemen, welcome to the Allianz Conference Call on the Allianz Group Financial Results for the Third Quarter of 2024. For your information, this conference call is being streamed live on allianz.com and YouTube.
Germany's Allianz on Wednesday posted a better-than-expected 22% rise in third-quarter net profit and gave a rosier outlook for 2024.
Mohamed El-Erian, Allianz chief economic advisor, discusses Republican control of the Senate, Trump's momentum, and more.
Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell Overtime' to talk the market, the state of the U.S. economy, crude oil's pullback and more.
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Allianz SE (OTCPK:ALIZF) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Andrew Ritchie - Head of IR Oliver Bäte - CEO Claire Lepoutre - CFO Conference Call Participants Andrew Sinclair - Bank of America Michael Huttner - Berenberg Will Hawkins - KBW James Shuck - Citi Will Hardcastle - UBS Andrew Crean - Autonomous Vinit Malhotra - Mediobanca Andrew Ritchie Ladies and gentlemen, welcome to the Allianz Conference Call on the Allianz Group Financial Results for the Second Quarter of 2024. For your information, this conference call is being streamed live on allianz.com and YouTube.