Reviews Allianz share firmer: stable dividend after good final quarter

11:45  19 february  2021
11:45  19 february  2021 Source:   finanzen.net

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Despite a good fourth quarter, Allianz SE earned significantly less than in the previous year due to the pandemic.

TORU YAMANAKA/AFP/Getty Images © Provided by Finanz.net TORU YAMANAKA / AFP / Getty Images

The shareholders can still look forward to a dividend at the previous year's level of EUR 9.60 per share. In the current year, profits should increase significantly.

The operating profit of the alliance fell by 9.3 percent to 11.86 billion euros for the year as a whole. The company put the negative effects from the pandemic contained therein at 1.3 billion euros. Until the end, the group did not trust itself to have a profit outlook for 2020, which it withdrew in April due to the pandemic-related uncertainty.

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In the fourth quarter, operating profit rose 8.2 percent to 2.98 billion euros. Analysts had expected in a consensus compiled by the company itself with 2.75 billion. The net profit after shares of third parties nevertheless fell slightly by 2.2 percent to 1.82 billion euros. The earnings per share were 4.41 euros.

In the current year, Allianz expects an operating result of 12 billion euros, with deviations of 1 billion euros up or down are possible.

How the Allianz share reacts

Allianz SE shares rose on Friday after the annual figures. On XETRA, they posted an increase of 0.84 percent to EUR 196.50.

One trader gave the numbers better than expected, particularly in the areas of life and health insurance, assets under management and solvency. Investors should also be pleased with the dividend of EUR 9.60 per share. The outlook is in line with expectations and - especially in the current environment of rising interest rates - this should be sufficient for a further price recovery.

UBS analyst Colm Kelly also praised the figures from Munich and expects a slightly positive price reaction. "Surprisingly positive" was Jefferies analyst Philip Kett's assessment of the insurer's performance in the fourth quarter. Dow Jones Newswire / dpa

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