Allianz SE ALV

Morningstar Rating

Company Report

Allianz Is Probably the Best Executing European Multiline Insurer

Allianz is one of the best-performing multiline insurers in our European insurance coverage. The company combines a unique set of assets to generate returns that are better than most others. In its property and casualty division, the company has continued to invest in technology and data to improve customer experience, as well as its policy and claims processing. By increasing the speed of its first notice of loss, the company gets ahead of inflation and can manage repairs and claims more effectively. While the division has not earned economic returns, from an underwriting perspective it is one of the better-performing segments. The business still has work to do in the consistency of its commercial insurance.

Price vs Fair Value

ALV is trading at a 237% premium.
Price
€291.80
Fair Value
€263.00
Uncertainty
Low
1-Star Price
€319.10
5-Star Price
€664.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Despite the lack of economic profits, Allianz has one of the best-performing property and casualty insurance units in our European insurance coverage.

Bears

In what appears to be a solidly performing property and casualty division, Allianz hasn’t been able to convincingly earn above its cost of capital.

News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
14.64
Price/Sales
1.14
Dividend Yield (Trailing)
4.73%
Dividend Yield (Forward)
4.73%
Total Yield
6.52%

Company Profile

Allianz was founded as a transport and accident insurance firm in 1890 by Carl von Thieme and Wilhelm von Finck, the founders of Munich Re. It took the company five years to expand the business into Europe and North America and subsequently list in Berlin. After World War I, individuals were confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after World War II, Allianz’s foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.
Sector
Financial Services
Industry
Insurance - Diversified
Stock Style Box
Large Value
Total Number of Employees
154,862

Competitors

Valuation

Metric
ALV
ZURN
AXAHY
Price/Earnings (Normalized)
14.6414.1810.32
Price/Book Value
2.063.371.63
Price/Sales
1.141.180.87
Price/Cash Flow
5.83
Price/Earnings
ALV
ZURN
AXAHY

Financial Strength

Metric
ALV
ZURN
AXAHY
Quick Ratio
Current Ratio
Interest Coverage
17.2316.90
Quick Ratio
No chart available

Profitability

Metric
ALV
ZURN
AXAHY
Return on Assets (Normalized)
1.04%1.49%1.21%
Return on Equity (Normalized)
17.92%21.85%16.25%
Return on Invested Capital (Normalized)
14.60%13.53%6.86%
Return on Assets
ALV
ZURN
AXAHY

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