Allianz SE (OTCPK:ALIZF)

$ 315.15 12.14 (4.01%) Market Cap: 118.77 Bil Enterprise Value: 138.26 Bil PE Ratio: 11.91 PB Ratio: 2.03 GF Score: 78/100

Q3 2020 Allianz SE Earnings Call Transcript

Nov 06, 2020 / 01:00PM GMT

Release Date Price: $198.1 (+1.62%)

Transcript

Operator

Ladies and gentlemen, welcome to the Allianz conference call on the financial results of the third quarter 2020. For your information, this conference call is being streamed live on Allianz.com and YouTube. A recording will be made available shortly after the call.

At this time, I would like to turn the call over to your host today, Mr. Oliver Schmidt, Head of Investor Relations. Please go ahead.

Oliver Schmidt

Allianz SE - Head of IR

Thank you, Bettina. Yes. Good afternoon, and welcome to our conference call. There's nothing specific to be added from my side today, so I hand over directly to Giulio.

Giulio Terzariol

Thank you, Oliver, and good afternoon, and good morning to everybody, and I'm pleased to present you the results of Allianz for the 9 months.

If we go to Page 3, we have started with the year-to-date view. Overall, we had an operating profit of EUR 7.8 billion. As you see, this number is 14.6% lower compared to the prior period or in euro, it's EUR 1.3 billion below the prior period. But as

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