Allianz SE (OTCPK:ALIZF)

$ 288.92 -5.78 (-1.96%) Market Cap: 115.14 Bil Enterprise Value: 132.30 Bil PE Ratio: 12.49 PB Ratio: 1.81 GF Score: 76/100

Q2 2023 Allianz SE Earnings Call Transcript

Aug 10, 2023 / 12:30PM GMT

Release Date Price: $240.37 (+3.19%)

Transcript

Oliver Schmidt

Allianz SE - Head of IR

Good afternoon, everybody, and welcome to the Allianz conference call on the financial results of the second quarter 2023. As always, let me start the call with the usual housekeeping and remind you that this conference call is being streamed live on allianz.com and YouTube, and that the recording will be made available shortly after the call. (Operator Instructions) That was all from my side for now. And with that, I turn over the call to our CFO, Giulio Terzariol.

Giulio Terzariol

Allianz SE - CFO & Member of the Management Board

Thank you, Oliver, and welcome from my side, and I'm happy to present today the results for the first half of the year and also for the second quarter. Overall, as you have already seen, we had a strong 6 months result and also strong second quarter results. If we go to Page 3, we can see that the operating profit for the 6 months was EUR 7.5 billion, which is 15% over the prior period and also 6% above the outlook of 14.2/2. From a general point of view, I would say we had very solid

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