Allianz
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The last earnings update was 69 days ago. More info.
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ALV Share Price and Events
7 Day Returns
1 Year Returns
ALV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Allianz (ALV) | -1.4% | 0.8% | 0.1% | 17.5% | 70.2% | 67.1% |
| DE Insurance | 0.5% | 2.1% | 2.1% | 21.2% | 63% | 61.1% |
| DE Market | -0.7% | -0.8% | -3.8% | -7.6% | 8.2% | 11.1% |
1 Year Return vs Industry and Market
- ALV underperformed the Insurance industry which returned 21.2% over the past year.
- ALV outperformed the Market in Germany which returned -7.6% over the past year.
Value
Is Allianz undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Allianz
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Allianz.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 15 analysts.
= Stable Book Value * Return on Equity = €166.51 * 12.7% |
€21.22 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 10 analysts. | €166.51 |
| Discount Rate (Cost of Equity) | See below | 5.8% |
| Perpetual Growth Rate | 10-Year DE Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 30%) (43.4%)) |
0.929 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.93 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.929 * 5.96%) |
5.76% |
Discounted Cash Flow Calculation for XTRA:ALV using Excess Returns Model Model
The calculations below outline how an intrinsic value for Allianz is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.7% – 5.76%) * €166.51) |
€11.62 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= €11.62 / (5.76% - 0.23%) |
€210.03 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= €166.51 + €210.03 |
€376.55 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in XTRA:ALV
represents 0.99837x
of
DB:ALV
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.99837x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (EUR) x Listing Adjustment Factor
= € 376.55 x 0.99837 |
€375.93 |
| Value per share (EUR) | From above. | €375.93 |
| Current discount | Discount to share price of
€214.50
= -1 x (€214.50 - €375.93) / €375.93 |
42.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Allianz's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Allianz's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Allianz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Allianz's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €17.62 |
| DB:ALV Share Price ** | DB (2019-07-22) in EUR | €214.85 |
| Germany Insurance Industry PE Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 13.38x |
| Germany Market PE Ratio | Median Figure of 422 Publicly-Listed Companies | 19.75x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Allianz.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = DB:ALV Share Price ÷ EPS (both in EUR) = 214.85 ÷ 17.62 |
12.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Allianz is good value based on earnings compared to the DE Insurance industry average.
- Allianz is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does
Allianz's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.2x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
4%per year |
| Germany Insurance Industry PEG Ratio | Median Figure of 5 Publicly-Listed Insurance Companies | 3.16x |
| Germany Market PEG Ratio | Median Figure of 270 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.2x ÷ 4% |
3.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Allianz is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Allianz's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €158.70 |
| DB:ALV Share Price * | DB (2019-07-22) in EUR | €214.85 |
| Germany Insurance Industry PB Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 1.09x |
| Germany Market PB Ratio | Median Figure of 570 Publicly-Listed Companies | 1.71x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = DB:ALV Share Price ÷ Book Value per Share (both in EUR) = 214.85 ÷ 158.70 |
1.35x |
* Primary Listing of Allianz.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Allianz is overvalued based on assets compared to the DE Insurance industry average.
Value checks
We assess Allianz's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Allianz has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Allianz expected to perform in the next 1 to 3 years based on estimates from 15 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Allianz's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Allianz's earnings growth is positive but not above the Germany market average.
- Allianz's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| XTRA:ALV Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 4% |
| XTRA:ALV Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 6.8% |
| Germany Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 4.6% |
| Germany Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 5% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 12.5% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 8,625 | |||
| 2022-12-31 | 162,090 | 8,812 | 1 | |
| 2021-12-31 | 144,937 | 8,715 | 4 | |
| 2020-12-31 | 139,263 | 8,271 | 6 | |
| 2019-12-31 | 134,418 | 7,909 | 6 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 103,748 | 7,492 | |
| 2018-12-31 | 101,745 | 25,672 | 7,462 |
| 2018-09-30 | 107,172 | 7,193 | |
| 2018-06-30 | 106,933 | 28,603 | 6,823 |
| 2018-03-31 | 109,761 | 6,926 | |
| 2017-12-31 | 110,983 | 33,188 | 6,803 |
| 2017-09-30 | 107,783 | 7,173 | |
| 2017-06-30 | 109,279 | 25,549 | 7,541 |
| 2017-03-31 | 106,143 | 6,555 | |
| 2016-12-31 | 106,131 | 21,461 | 6,962 |
| 2016-09-30 | 106,528 | 6,557 | |
| 2016-06-30 | 104,067 | 25,282 | 6,008 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from Allianz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 22.04 | 22.04 | 22.04 | 1.00 |
| 2022-12-31 | 22.33 | 23.43 | 21.22 | 2.00 |
| 2021-12-31 | 21.41 | 23.01 | 19.91 | 16.00 |
| 2020-12-31 | 20.01 | 21.49 | 17.37 | 20.00 |
| 2019-12-31 | 18.71 | 19.87 | 18.00 | 19.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 17.62 |
| 2018-12-31 | 17.43 |
| 2018-09-30 | 17.00 |
| 2018-06-30 | 15.61 |
| 2018-03-31 | 15.68 |
| 2017-12-31 | 15.24 |
| 2017-09-30 | |
| 2017-06-30 | 16.66 |
| 2017-03-31 | 14.43 |
| 2016-12-31 | 15.31 |
| 2016-09-30 | 14.42 |
| 2016-06-30 | 13.21 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Allianz's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Allianz has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Allianz performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Allianz's year on year earnings growth rate has been positive over the past 5 years.
- Allianz's 1-year earnings growth exceeds its 5-year average (8.2% vs 3.8%)
- Allianz's earnings growth has not exceeded the DE Insurance industry average in the past year (8.2% vs 9.4%).
Earnings and Revenue History
All data from Allianz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 103,748.00 | 7,492.00 | 10,400.00 | |
| 2018-12-31 | 101,745.00 | 7,462.00 | 10,400.00 | |
| 2018-09-30 | 107,172.00 | 7,193.00 | 10,566.00 | |
| 2018-06-30 | 106,933.00 | 6,823.00 | 10,566.00 | |
| 2018-03-31 | 109,761.00 | 6,926.00 | 10,656.00 | |
| 2017-12-31 | 110,983.00 | 6,803.00 | 10,656.00 | |
| 2017-09-30 | 107,783.00 | 7,173.00 | 10,352.00 | |
| 2017-06-30 | 109,279.00 | 7,541.00 | 10,352.00 | |
| 2017-03-31 | 106,143.00 | 6,555.00 | 10,153.00 | |
| 2016-12-31 | 106,131.00 | 6,962.00 | 10,153.00 | |
| 2016-09-30 | 106,528.00 | 6,557.00 | 7,808.00 | |
| 2016-06-30 | 104,067.00 | 6,008.00 | 10,282.00 | |
| 2016-03-31 | 103,134.00 | 6,988.00 | 10,320.00 | |
| 2015-12-31 | 105,494.00 | 6,616.00 | 10,319.00 | |
| 2015-09-30 | 101,759.00 | 6,417.00 | 10,183.00 | |
| 2015-06-30 | 102,543.00 | 6,664.00 | 10,069.00 | |
| 2015-03-31 | 100,826.00 | 6,403.00 | 9,929.00 | |
| 2014-12-31 | 98,247.00 | 6,221.00 | 9,537.00 | |
| 2014-09-30 | 100,796.00 | 6,258.00 | 9,253.00 | |
| 2014-06-30 | 100,554.00 | 6,097.00 | 9,208.00 | |
| 2014-03-31 | 99,593.00 | 5,929.00 | 9,264.00 | |
| 2013-12-31 | 100,579.00 | 5,996.00 | 9,565.00 | |
| 2013-09-30 | 101,030.00 | 5,983.00 | 9,737.00 | |
| 2013-06-30 | 100,675.00 | 5,897.00 | 9,731.00 | |
| 2013-03-31 | 99,620.00 | 5,561.00 | 9,497.00 | |
| 2012-12-31 | 99,125.00 | 5,231.00 | 9,320.00 | |
| 2012-09-30 | 96,853.00 | 4,480.00 | 9,090.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Allianz has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Allianz used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
- Allianz's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Allianz's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Allianz has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Allianz's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Allianz's finances.
The net worth of a company is the difference between its assets and liabilities.
- Allianz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Allianz's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Allianz Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 70,228.00 | 39,062.00 | 26,069.00 |
| 2018-12-31 | 63,679.00 | 36,896.00 | 20,702.00 |
| 2018-09-30 | 62,488.00 | 37,289.00 | 27,398.00 |
| 2018-06-30 | 62,642.00 | 36,359.00 | 24,290.00 |
| 2018-03-31 | 65,897.00 | 35,362.00 | 24,060.00 |
| 2017-12-31 | 68,602.00 | 35,637.00 | 21,316.00 |
| 2017-09-30 | 68,377.00 | 34,385.00 | 25,781.00 |
| 2017-06-30 | 67,062.00 | 34,796.00 | 23,793.00 |
| 2017-03-31 | 70,659.00 | 34,080.00 | 23,939.00 |
| 2016-12-31 | 70,135.00 | 34,183.00 | 19,796.00 |
| 2016-09-30 | 73,136.00 | 47,900.00 | 23,659.00 |
| 2016-06-30 | 70,788.00 | 46,692.00 | 20,309.00 |
| 2016-03-31 | 70,336.00 | 44,652.00 | 22,622.00 |
| 2015-12-31 | 66,099.00 | 46,172.00 | 19,818.00 |
| 2015-09-30 | 64,126.00 | 31,048.00 | 19,548.00 |
| 2015-06-30 | 63,511.00 | 31,595.00 | 18,020.00 |
| 2015-03-31 | 71,500.00 | 32,445.00 | 21,628.00 |
| 2014-12-31 | 63,702.00 | 28,503.00 | 19,428.00 |
| 2014-09-30 | 61,089.00 | 28,559.00 | 17,287.00 |
| 2014-06-30 | 57,812.00 | 26,964.00 | 17,963.00 |
| 2014-03-31 | 56,360.00 | 26,866.00 | 17,934.00 |
| 2013-12-31 | 52,849.00 | 28,577.00 | 17,607.00 |
| 2013-09-30 | 51,450.00 | 26,860.00 | 18,903.00 |
| 2013-06-30 | 50,424.00 | 27,549.00 | 18,330.00 |
| 2013-03-31 | 54,621.00 | 28,933.00 | 20,497.00 |
| 2012-12-31 | 52,963.00 | 28,321.00 | 19,474.00 |
| 2012-09-30 | 54,428.00 | 27,774.00 | 21,777.00 |
- Allianz's level of debt (55.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (47.7% vs 55.6% today).
- Debt is well covered by operating cash flow (65.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
Financial health checks
We assess Allianz's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Allianz has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Allianz's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Allianz
shares you are expected to receive
€84
in your first year as a dividend.
Dividend Amount
- Allianz's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
- Allianz's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Germany Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 4.1% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 325 Stocks | 3.2% |
| Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| Germany Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| Germany Top 25% Dividend Yield | 75th Percentile | 3.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 12.00 | 1.00 |
| 2021-12-31 | 10.75 | 18.00 |
| 2020-12-31 | 10.13 | 22.00 |
| 2019-12-31 | 9.46 | 22.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-08 | 9.000 | 4.352 |
| 2019-02-15 | 9.000 | 4.628 |
| 2018-03-09 | 8.000 | 4.331 |
| 2018-02-16 | 8.000 | 4.204 |
| 2017-03-10 | 7.600 | 4.121 |
| 2017-02-16 | 7.600 | 4.577 |
| 2016-03-11 | 7.300 | 5.154 |
| 2016-02-19 | 7.300 | 5.255 |
| 2015-03-13 | 6.850 | 4.563 |
| 2014-03-13 | 5.300 | 4.068 |
| 2014-02-27 | 5.300 | 4.242 |
| 2013-03-15 | 4.500 | 3.799 |
| 2013-02-21 | 4.500 | 4.192 |
| 2012-08-06 | 4.500 | 4.658 |
| 2012-08-03 | 4.500 | 5.432 |
| 2012-03-22 | 4.500 | 5.668 |
| 2012-02-23 | 4.500 | 4.961 |
| 2011-03-16 | 4.500 | 5.467 |
| 2011-02-24 | 4.500 | 4.454 |
| 2010-05-04 | 4.100 | 4.668 |
| 2009-01-30 | 3.500 | 4.662 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Allianz's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (2x coverage).
- Dividends after 3 years are expected to be covered by earnings (2x coverage).
Income/ dividend checks
We assess Allianz's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Allianz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Allianz has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €6,868,000 |
| AGE | 54 |
| TENURE AS CEO | 4.2 years |
CEO Bio
Mr. Oliver Bäte has been Chief Executive Officer and Chairman of the Management Board at Allianz Group and Allianz SE since May 7, 2015. Mr. Bäte worked at McKinsey & Company, New York from 1993 to 1994. He worked at McKinsey & Company, Germany from 1995 to 1998. He worked at McKinsey & Company, Germany, Principal, and Leader of the German Insurance Practice from 1998 to 2003. He worked at McKinsey & Company, Germany, Director, Leader of the European Insurance and Asset Management Sector from 2003 to 2007. He was Chief Operating Officer (COO) at Member of the Board of Management of Allianz SE from 2008 to September 2009. He was Controlling, Reporting, Risk (CFO), and Member of the Board of Management of Allianz SE from September 2009 to 2012. He was Member of the Board of Management of Allianz SE from 2013 to 2014, he was responsible for the insurance business in France, Benelux, Italy, Greece, Turkey, and for the Center of Competence "Global Property & Casualty". He was Member of the Board of Management of Allianz SE from January 2015 to May 2015, he was responsible for the Center of Competence "Global Property & Casualty". He is additionally responsible for Human Resources (Director responsible for Work and Social Welfare) in Since September 2015. He is Membership in other statutory supervisory and SE administrative boards in Germany: - Allianz Deutschland AG (Group mandate). He is Membership in other official bodies: - Pan European Insurance Forum (PEIF, Chairman), Institute of International Finance (IIF) and Geneva Association (Vice Chairman). He holds Teaching position at University of Cologne. Mr. Bäte is Apprenticeship at Westdeutsche Landesbank, Cologne, Germany. Mr. Bäte holds Business Administration at University of Cologne. He holds MBA at Leonard Stern School of Business, New York University.
CEO Compensation
- Oliver's compensation has been consistent with company performance over the past year, both up more than 20%.
- Oliver's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the Allianz management team in years:
- The tenure for the Allianz management team is about average.
Management Team
Oliver Bäte
Chairman of the Board of Management & CEO
€7M
54
4.2 yrs
Giulio Terzariol
CFO & Member of the Board of Management
€4M
48
1.5 yrs
Axel Theis
Member of the Board of Management
€4M
61
4.5 yrs
Christof Mascher
COO & Member of the Board of Management
€4M
59
9.8 yrs
Helga Jung
Member of the Board of Management
€4M
58
7.5 yrs
Sergio Balbinot
Member of the Board of Management
€4M
61
4.5 yrs
Niran Peiris
Member of the Board of Management
€4M
58
1.5 yrs
Jackie Hunt
Member of the Board of Management
€4M
51
3 yrs
Günther Thallinger
Member of the Board of Management
€4M
47
2.5 yrs
Iván de la Sota
Chief Business Transformation Officer & Member of the Board of Management
€3M
55
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Allianz board of directors in years:
- The average tenure for the Allianz board of directors is less than 3 years, this suggests a new board.
Board of Directors
Mike Diekmann
Chairman of Supervisory Board
€484K
65
2.2 yrs
Gabriele Burkhardt-Berg
Vice Chairwoman of Supervisory Board
€203K
59
0.8 yrs
Jim Snabe
Vice Chairman of Supervisory Board
€269K
54
2.2 yrs
Friedrich Eichiner
Member of the Supervisory Board
€283K
64
3.2 yrs
Herbert Hainer
Member of the Supervisory Board
€182K
65
2.2 yrs
Geoff Hayward
Member of the Supervisory Board
€156K
59
2.2 yrs
Stine Bosse
Member of the Supervisory Board
€156K
59
6.9 yrs
Jürgen Lawrenz
Member of the Supervisory Board
€181K
56
3.9 yrs
Martina Grundler
Member of the Supervisory Board
€183K
57
3.3 yrs
Sophie Boissard
Member of the Supervisory Board
€183K
49
2.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Allianz's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Allianz has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers. Its Life/Health segment provides a range of life and health insurance products on an individual and a group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private health, supplemental health, and long-term care insurance products. The company’s Asset Management segment offers institutional and retail asset management products and services to third-party investors comprising equity and fixed income funds, as well as alternative products; and investment management services. Its Corporate and Other segment provides various banking products for corporate and retail clients; and alternative investment management services in the private equity, real estate, renewable energy, and infrastructure sectors. Allianz SE was founded in 1890 and is headquartered in Munich, Germany.
Details
| Name: | Allianz SE |
| ALV | |
| Exchange: | XTRA |
| Founded: | 1890 |
| €90,000,402,431 | |
| 416,958,084 | |
| Website: | http://www.allianz.com |
| Address: |
Allianz SE Königinstrasse 28, Munich, Bavaria, 80802, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| DB | ALV | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| OTCPK | ALIZ.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| XTRA | ALV | Ordinary Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1992 | |
| LSE | 0M6S | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| BIT | ALV | Ordinary Shares | Borsa Italiana | IT | EUR | 02. Jan 1992 | |
| WBAG | ALV | Ordinary Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1992 | |
| BUSE | ALLIANZ | Ordinary Shares | Budapest Stock Exchange | HU | HUF | 02. Jan 1992 | |
| BMV | ALV N | Ordinary Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1992 | |
| BATS-CHIXE | ALVD | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 | |
| OTCPK | AZSE.Y | ADR EACH REP 1/10 ORD SH | Pink Sheets LLC | US | USD | 03. Nov 2000 | |
| DB | ALVA | ADR EACH REP 1/10 ORD SH | Deutsche Boerse AG | DE | EUR | 03. Nov 2000 |
Number of employees
Current staff
Industry
| Multi-line Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/22 21:04 |
| End of day share price update: | 2019/07/22 00:00 |
| Last estimates confirmation: | 2019/07/22 |
| Last earnings filing: | 2019/05/14 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
