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Allianz

BUSE:ALLIANZ
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALLIANZ
BUSE
€88B
Market Cap
  1. Home
  2. HU
  3. Insurance
Company description

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 61 days ago. More info.


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ALLIANZ Share Price and Events
7 Day Returns
0%
BUSE:ALLIANZ
-3%
Europe Insurance
-3.4%
HU Market
1 Year Returns
-
BUSE:ALLIANZ
-1%
Europe Insurance
10%
HU Market
ALLIANZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allianz (ALLIANZ) 0% 0% 0% - - -
Europe Insurance -3% -0.9% 5.1% -1% 24.9% 24.6%
HU Market -3.4% -2% 2.3% 10% 48.8% 112.8%
1 Year Return vs Industry and Market
  • No trading data on ALLIANZ.
  • No trading data on ALLIANZ.
Price Volatility
ALLIANZ
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Allianz.

BUSE:ALLIANZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 16 analysts.
= Stable Book Value * Return on Equity
= €162.72 * 12.9%
€20.96
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. €162.72
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year HU Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BUSE:ALLIANZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HU Govt Bond Rate 3%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.738 (1 + (1- 30%) (42.1%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.96% + (0.97 * 5.96%)
8.74%

Discounted Cash Flow Calculation for BUSE:ALLIANZ 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.

BUSE:ALLIANZ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 8.74%) * €162.72)
€6.74
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €6.74 / (8.74% - 2.96%)
€116.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €162.72 + €116.65
€279.37
BUSE:ALLIANZ Discount to Share Price
Calculation Result
Value per share (HUF) From above. HUF78,475.33
Current discount Discount to share price of HUF58,740.00
= -1 x (HUF58,740.00 - HUF78,475.33) / HUF78,475.33
25.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Allianz is available for.
Intrinsic value
25%
Share price is HUF58740 vs Future cash flow value of HUF78475.33
Current Discount Checks
For Allianz to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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, but not 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?
Raw Data
BUSE:ALLIANZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €17.43
DB:ALV Share Price ** DB (2019-02-08) in EUR €209.4
Europe Insurance Industry PE Ratio Median Figure of 65 Publicly-Listed Insurance Companies 13.32x
Hungary Market PE Ratio Median Figure of 24 Publicly-Listed Companies 12.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Allianz.

BUSE:ALLIANZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:ALV Share Price ÷ EPS (both in EUR)

= 209.4 ÷ 17.43

12.01x

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 Europe Insurance industry average.
  • Allianz is good value based on earnings compared to the Hungary market.
Price based on expected Growth
Does Allianz's expected growth come at a high price?
Raw Data
BUSE:ALLIANZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
4.2%per year
Europe Insurance Industry PEG Ratio Median Figure of 53 Publicly-Listed Insurance Companies 1.72x

*Line of best fit is calculated by linear regression .

BUSE:ALLIANZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.01x ÷ 4.2%

2.86x

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?
Raw Data
BUSE:ALLIANZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €144.59
DB:ALV Share Price * DB (2019-02-08) in EUR €209.4
Europe Insurance Industry PB Ratio Median Figure of 73 Publicly-Listed Insurance Companies 1.36x
Hungary Market PB Ratio Median Figure of 28 Publicly-Listed Companies 2.43x
BUSE:ALLIANZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:ALV Share Price ÷ Book Value per Share (both in EUR)

= 209.4 ÷ 144.59

1.45x

* 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 Europe Insurance industry average.
X
Value checks
We assess Allianz's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Allianz has a total score of 3/6, 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 17 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!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allianz expected to grow at an attractive rate?
  • Allianz's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Allianz's earnings growth is positive but not above the Hungary market average.
  • Allianz's revenue growth is expected to exceed the Hungary market average.
Annual Growth Rates Comparison
Raw Data
BUSE:ALLIANZ Future Growth Rates Data Sources
Data Point Source Value (per year)
BUSE:ALLIANZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 4.2%
BUSE:ALLIANZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 10.1%
Europe Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Europe Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Hungary Market Earnings Growth Rate Market Cap Weighted Average 6.2%
Hungary Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
Raw Data
BUSE:ALLIANZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BUSE:ALLIANZ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 8,625
2022-12-31 156,645 8,768 1
2021-12-31 145,058 8,646 3
2020-12-31 133,467 8,181 8
2019-12-31 129,593 7,816 8
BUSE:ALLIANZ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
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
2016-03-31 103,134 6,988

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Allianz's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Allianz's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BUSE:ALLIANZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Allianz Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ALLIANZ Future Estimates Data
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 22.25 23.28 21.22 2.00
2021-12-31 21.63 23.14 19.83 13.00
2020-12-31 19.87 21.50 17.37 21.00
2019-12-31 18.64 19.78 16.48 21.00
BUSE:ALLIANZ Past Financials Data
Date (Data in EUR Millions) EPS *
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
2016-03-31 15.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Allianz is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Allianz's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Allianz's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (9.7% vs 3.8%)
  • Allianz's earnings growth has exceeded the Europe Insurance industry average in the past year (9.7% vs 5.3%).
Earnings and Revenue History
Allianz's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Allianz Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ALLIANZ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
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
2012-06-30 93,304.00 3,317.00 8,898.00

*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 less efficiently than the Europe Insurance industry average last year based on Return on Assets.
  • Allianz has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Allianz's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Allianz has a total score of 4/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Allianz's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 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.
Raw Data

All data from Allianz Company Filings, last reported 4 months ago.

BUSE:ALLIANZ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-06-30 50,402.00 27,518.00 19,898.00
  • Allianz's level of debt (57.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54% vs 57.9% today).
  • Debt is well covered by operating cash flow (69.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Allianz's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Allianz has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
4.3%
Current annual income from Allianz dividends. Estimated to be 4.78% next year.
If you bought HUF2,000 of Allianz shares you are expected to receive HUF86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Allianz's pays a higher dividend yield than the bottom 25% of dividend payers in Hungary (1.94%).
  • Allianz's dividend is below the markets top 25% of dividend payers in Hungary (5.65%).
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.
Raw Data
BUSE:ALLIANZ Annualized Past and Future Dividends
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 17 Analyst Estimates (S&P Global) See Below
Europe Insurance Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 5%
Hungary Market Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.8%
Hungary Minimum Threshold Dividend Yield 10th Percentile 1.8%
Hungary Bottom 25% Dividend Yield 25th Percentile 1.9%
Hungary Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BUSE:ALLIANZ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 10.10 1.00
2022-12-31 10.90 2.00
2021-12-31 10.80 14.00
2020-12-31 10.02 23.00
2019-12-31 9.42 23.00
BUSE:ALLIANZ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-08 9.000 4.386
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

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Allianz has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Allianz only paid a dividend in the past 9 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 (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Allianz's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Allianz has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Allianz's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Oliver Bäte
COMPENSATION €6,868,000
AGE 53
TENURE AS CEO 4 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.
  • Insufficient data for Oliver to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Allianz management team in years:

3.4
Average Tenure
55.5
Average Age
  • The tenure for the Allianz management team is about average.
Management Team

Oliver Bäte

TITLE
Chairman of the Board of Management & CEO
COMPENSATION
€7M
AGE
53
TENURE
4 yrs

Giulio Terzariol

TITLE
CFO & Member of the Board of Management
COMPENSATION
€4M
AGE
47
TENURE
1.3 yrs

Axel Theis

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
60
TENURE
4.3 yrs

Christof Mascher

TITLE
COO & Member of the Board of Management
COMPENSATION
€4M
AGE
58
TENURE
9.7 yrs

Helga Jung

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
57
TENURE
7.3 yrs

Sergio Balbinot

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
60
TENURE
4.3 yrs

Niran Peiris

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
57
TENURE
1.3 yrs

Jackie Hunt

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
50
TENURE
2.8 yrs

Günther Thallinger

TITLE
Member of the Board of Management
COMPENSATION
€4M
AGE
46
TENURE
2.3 yrs

Iván de la Sota

TITLE
Chief Business Transformation Officer & Member of the Board of Management
COMPENSATION
€3M
AGE
54
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Allianz board of directors in years:

2
Average Tenure
58
Average Age
  • The average tenure for the Allianz board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Diekmann

TITLE
Chairman of Supervisory Board
COMPENSATION
€484K
AGE
64
TENURE
2 yrs

Gabriele Burkhardt-Berg

TITLE
Vice Chairwoman of Supervisory Board
COMPENSATION
€203K
AGE
58
TENURE
0.7 yrs

Jim Snabe

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€269K
AGE
53
TENURE
2 yrs

Friedrich Eichiner

TITLE
Member of the Supervisory Board
COMPENSATION
€283K
AGE
63
TENURE
3 yrs

Herbert Hainer

TITLE
Member of the Supervisory Board
COMPENSATION
€182K
AGE
64
TENURE
2 yrs

Geoff Hayward

TITLE
Member of the Supervisory Board
COMPENSATION
€156K
AGE
58
TENURE
2 yrs

Stine Bosse

TITLE
Member of the Supervisory Board
COMPENSATION
€156K
AGE
58
TENURE
6.8 yrs

Jürgen Lawrenz

TITLE
Member of the Supervisory Board
COMPENSATION
€181K
AGE
55
TENURE
3.8 yrs

Martina Grundler

TITLE
Member of the Supervisory Board
COMPENSATION
€183K
AGE
56
TENURE
3.1 yrs

Sophie Boissard

TITLE
Member of the Supervisory Board
COMPENSATION
€183K
AGE
48
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HUF) Value (HUF)
X
Management checks
We assess Allianz's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

News

Simply Wall St News

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
ALLIANZ
Exchange: BUSE
Founded: 1890
€28,392,679,414,815
418,573,006
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 ALVN NPV REGD (NEW SHS) Deutsche Boerse AG DE EUR 02. Jan 2019
DB ALVA ADR EACH REP 1/10 ORD SH Deutsche Boerse AG DE EUR 03. Nov 2000
Number of employees
Current staff
Staff numbers
142,460
Allianz employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/08 22:33
End of day share price update: 2019/02/08 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
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.