New: Including operating profit P/C from one more analyst.
FRANKFURT--The following is a summary of analysts' forecasts for
Allianz SE (ALV.XE) first-quarter results, based on a poll of 10
analysts conducted by Dow Jones Newswires (figures in million
euros, dividend and target price in euro, combined ratio in
percent, according to IFRS). Earnings figures are scheduled to be
released May 14.
===
Operat.
Operat. Operat. profit
Operating profit profit Asset
1st Quarter profit P/C Life & Health management
AVERAGE 2,604 1,380 818 675
Prev. Year 2,797 1,319 855 900
+/- in % -6.9 +4.6 -4.3 -25
MEDIAN 2,627 1,387 806 676
Maximum 2,675 1,451 861 753
Minimum 2,490 1,280 780 610
Amount 8 8 7 8
Bankhaus Lampe 2,531 1,340 780 676
Berenberg 2,621 1,400 806 677
Bryan Garnier 2,675 1,451 829 675
Commerzbank 2,633 1,407 -- 666
Credit Suisse 2,560 1,374 798 641
Equinet 2,490 1,280 800 700
J.P. Morgan 2,660 1,439 861 610
Nomura 2,665 1,347 851 753
Net attrib. Comb. Ratio
1st Quarter EBT income (a)
AVERAGE 2,480 1,605 93.6
Prev. Year 2,678 1,707 94.3
+/- in % -7.4 -6.0 -0.8
MEDIAN 2,447 1,583 93.7
Maximum 2,681 1,700 93.8
Minimum 2,340 1,545 93.3
Amount 5 7 6
Bankhaus Lampe 2,447 1,545 93.8
Berenberg 2,493 1,583 93.6
Bryan Garnier -- 1,700 --
Commerzbank -- -- 93.7
Credit Suisse 2,438 1,576 93.3
Equinet 2,340 1,558 --
J.P. Morgan 2,681 1,688 93.3
Nomura -- 1,585 93.7
Target price Rating DPS 2014
AVERAGE 145.50 positive 6 AVERAGE 6.37
Prev. Quarter 140.76 neutral 0 Prev. Year 5.30
+/- in % +3.4 negative 0 +/- in % +20
MEDIAN 148.00 MEDIAN 5.64
Maximum 152.00 Maximum 8.90
Minimum 135.00 Minimum 5.30
Amount 6 Amount 4
Bankhaus Lampe 135.00 Buy 5.60
Bryan Garnier 150.00 Buy 5.30
Commerzbank 150.00 Buy --
Credit Suisse 146.00 Outperform 5.67
J.P. Morgan 152.00 Overweight 8.90
Nomura 140.00 Buy --
===
Year-earlier figures are as reported by the company.
(a) Property-casualty.
DJG/mus
Subscribe to WSJ: http://online.wsj.com?mod=djnwires