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

Q2 2023 Allianz SE Earnings Press Conference Transcript

Aug 10, 2023 / 09:00AM GMT

Release Date Price: $240.37 (+3.19%)

Transcript

Operator

Good morning, and welcome to Allianz Second Quarter Results Web audio conference. The conference is scheduled to last up to 60 minutes. As usual, our CFO, Giulio Terzariol, will guide you through the quarterly results, and we'll then take your questions. I hereby hand over to Giulio, please.

Giulio Terzariol

Allianz SE - CFO & Member of the Management Board

Now, thank you, Helge, and good morning to everybody. As you can see, we had very strong results for the first 6 months of the year. And I will say, if I need to summarize the results. I will say that we see very solid performance in property casualty. And I would even say that in the commercial business, in property casualty, we see outstanding performance, and we see a nice resilience in our retail business. And all this leads to a combined ratio of 92% with operating profit of slightly shy of EUR 4 billion for the segment in property casualty. In the Life Health business, we see strong business margin.

And also, we see that the in-force business is reliably delivering good profits. So, all

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