Allianz SE

XTRA:ALV Stock Report

Market Cap: €144.2b

Allianz Future Growth

Future criteria checks 2/6

Allianz is forecast to grow earnings and revenue by 2.9% and 11.1% per annum respectively. EPS is expected to grow by 4.1% per annum. Return on equity is forecast to be 19.5% in 3 years.

Key information

2.9%

Earnings growth rate

4.13%

EPS growth rate

Insurance earnings growth2.0%
Revenue growth rate11.1%
Future return on equity19.48%
Analyst coverage

Good

Last updated22 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 25

ALV: Future Returns Will Depend On Capital Returns And Execution Of Expansion Plans

Allianz's analyst price targets have moved higher overall, with the fair value estimate edging from about €396.75 to €399.52, as analysts factor in updated margin assumptions, a modestly higher future P/E, and a series of recent target increases from firms raising their outlook on the shares. Analyst Commentary Recent research on Allianz has centered on how the current share price lines up with updated target prices and views on valuation, execution, and growth potential.
New Narrative • Apr 19

Allianz SE (ALV): The Citadel of Munich and the "Simplicity Wins" Capital Returns

Allianz SE (ALV) , the titan of European finance and a global leader in insurance and asset management, enters Sunday, April 19, 2026 , as a model of operational consistency in a complex macroeconomic climate. Trading at €390.00 on the Xetra after a solid 1.1% gain on Friday, April 17, the stock is currently hovering near all-time highs as it approaches its Q1 earnings release on Wednesday, May 13.
Narrative Update • Apr 09

ALV: Future Returns Will Hinge On Capital Returns And AI Partnership Execution

Allianz's analyst price targets have shifted higher overall, with recent updates ranging from €370 to €504. Analysts highlight mixed views on valuation and the latest research support for the shares.
Narrative Update • Mar 26

ALV: Future Returns Will Reflect Capital Returns And AI Partnership Execution

Analyst price targets for Allianz have shifted higher, with the updated fair value estimate moving from €391.41 to €396.75. Analysts cite a series of recent target increases from firms lifting their views into a €370 to €504 range and broadly describing the shares as appropriately valued.
Narrative Update • Mar 09

ALV: Future Returns Will Reflect Capital Returns And Responsible AI Execution

Analysts have inched their average price targets on Allianz higher, with recent moves such as Morgan Stanley lifting its view to €390 and RBC Capital setting €400. These changes reflect updated assumptions on fair value, revenue growth and future P/E multiples.
Narrative Update • Feb 23

ALV: Future Returns Will Reflect Premium Pricing And AI Execution Progress

Analysts have nudged their fair value estimate for Allianz slightly higher to about €390, supported by recent Street research that includes sector perform or equal weight views and price targets clustered around €370 to €405. This reflects a balance of more cautious revenue assumptions with somewhat firmer margin expectations and a steady forward P/E profile.
Narrative Update • Feb 08

ALV: Future Returns Will Balance Higher Guidance With AI Execution Uncertainty

Allianz's analyst price targets have moved higher, with recent revisions up to €370 and €388 as analysts factor in updated assumptions on discount rates, profitability, and future P/E expectations. Analyst Commentary Recent price target revisions on Allianz to €370 and €388 give you a sense of how the Street is recalibrating expectations around valuation, profitability and P/E assumptions rather than signaling a uniform view on the stock.
Narrative Update • Jan 23

ALV: Future Returns Will Reflect Higher Guidance Balanced With AI Execution Risks

Analysts have modestly lifted their fair value estimate for Allianz, reflecting a revised price target range, implied by recent moves from €340 to €370 and €388, supported by slightly higher assumptions for revenue growth, profit margin, and future P/E. Analyst Commentary Recent research updates on Allianz point to a more constructive stance on the shares, with fair value views clustering in a higher price target range and ratings that are broadly balanced rather than strongly positive or negative.
Narrative Update • Jan 08

ALV: Future Returns Will Reflect Higher 2025 Guidance And Stable Earnings Profile

Analysts have inched their fair value estimate for Allianz higher to about €378 from roughly €377, following a recent price target increase to €388. This reflects updated assumptions on long term profitability and a slightly higher future P/E of about 12.6x versus 12.4x previously.
Narrative Update • Dec 20

ALV: Future Returns Will Reflect Higher Guidance Amid Persistent Macro Uncertainty

Analysts have raised their fair value estimate for Allianz by about EUR 5 to align with Citi's recent price target increase to EUR 388, reflecting slightly stronger long term growth and margin expectations. Analyst Commentary Street research on Allianz remains relatively balanced, with the recent price target increase highlighting improving confidence in the insurer's execution while also underscoring lingering valuation and macro risks.
Narrative Update • Dec 06

ALV: Future Returns Will Reflect Steady Earnings And Macroeconomic Uncertainty

Analysts have nudged their price targets on Allianz higher, with recent moves such as Citi lifting its target to EUR 388 from EUR 349.90 and JPMorgan to EUR 360 from EUR 350. They cite a slightly stronger revenue growth outlook that more than offsets marginally softer profit margin assumptions and leaves longer term valuation multiples broadly unchanged.
Narrative Update • Nov 22

ALV: Future Performance Will Balance Improved Margins Against Macroeconomic Risks

Allianz's analyst price target increased from EUR 363.11 to EUR 371.92, as analysts cited stronger revenue growth projections and improved margins as factors driving the upward revision. Analyst Commentary Recent updates from major financial institutions have highlighted both strengths and risks in Allianz's outlook, providing investors with a well-rounded view of sentiment on the stock.
Narrative Update • Sep 06

Digital Transformation And Emerging Markets Will Drive Future Expansion

With both Allianz’s future P/E and discount rate effectively unchanged, analysts have made only a marginal upward revision to the fair value price target, now set at €363.11. What's in the News Allianz Life experienced a significant cyberattack in mid-July 2025, resulting in personal data theft affecting the majority of its customers, financial professionals, and some employees through a social engineering technique (TechCrunch).
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New Narrative • Nov 24

Dynamic Growth And Strategic Shifts Drive Optimism Despite Market Challenges

Allianz's growth driven by P&C volume, Life and Health, and asset management indicates strong future revenue potential.

Earnings and Revenue Growth Forecasts

XTRA:ALV - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028205,16112,78410,500N/A3
12/31/2027191,05812,17010,500N/A4
12/31/2026181,86811,60610,000N/A4
3/31/2026115,49511,870N/AN/AN/A
12/31/2025113,17410,60330,94433,209N/A
9/30/2025105,01910,420N/AN/AN/A
6/30/2025109,02010,06834,82936,771N/A
3/31/2025109,0309,736N/AN/AN/A
12/31/2024110,3769,78829,98831,903N/A
9/30/202498,7479,466N/AN/AN/A
6/30/2024104,2409,01723,14225,369N/A
3/31/2024100,5138,842N/AN/AN/A
12/31/202399,4208,39922,32224,462N/A
9/30/2023102,0788,212N/AN/AN/A
6/30/202397,6558,19619,67921,360N/A
3/31/2023112,0198,177N/AN/AN/A
12/31/202295,8116,30216,33417,952N/A
9/30/2022108,0814,389N/AN/AN/A
6/30/2022109,7614,10218,92020,407N/A
3/31/2022111,3934,555N/AN/AN/A
12/31/2021114,4756,56023,71325,124N/A
9/30/2021119,8528,719N/AN/AN/A
6/30/2021118,7988,67131,93533,317N/A
3/31/2021122,7787,973N/AN/AN/A
12/31/2020117,5316,80730,60132,049N/A
9/30/2020111,3616,848N/AN/AN/A
6/30/2020111,2086,73226,14127,548N/A
3/31/2020108,6977,345N/AN/AN/A
12/31/2019112,4097,914N/A36,448N/A
9/30/2019107,2597,752N/AN/AN/A
6/30/2019105,2687,741N/A33,943N/A
3/31/2019103,7487,492N/AN/AN/A
12/31/2018101,7457,462N/A25,672N/A
9/30/2018107,1727,193N/AN/AN/A
6/30/2018106,9336,823N/A28,603N/A
3/31/2018109,7616,926N/AN/AN/A
12/31/2017110,9836,803N/A33,188N/A
9/30/2017107,7837,173N/AN/AN/A
6/30/2017109,2797,541N/A25,549N/A
3/31/2017106,1436,555N/AN/AN/A
12/31/2016106,1316,962N/A21,461N/A
9/30/2016106,5286,557N/AN/AN/A
6/30/2016104,0676,008N/A25,282N/A
3/31/2016103,1346,988N/AN/AN/A
12/31/2015105,4946,616N/A23,663N/A
9/30/2015101,7596,417N/A25,260N/A
6/30/2015102,5436,664N/A26,930N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALV's forecast earnings growth (2.9% per year) is above the savings rate (1.9%).

Earnings vs Market: ALV's earnings (2.9% per year) are forecast to grow slower than the German market (17.2% per year).

High Growth Earnings: ALV's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALV's revenue (11.1% per year) is forecast to grow faster than the German market (6.7% per year).

High Growth Revenue: ALV's revenue (11.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALV's Return on Equity is forecast to be low in 3 years time (19.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 10:58
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Allianz SE is covered by 37 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Knut WollerBaader Helvea Equity Research
Maria del Paz Ojeda FernandezBanco de Sabadell. S.A.
null nullBanco de Sabadell. S.A.