Allianz SE 2Q 2015 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Allianz SE's (ALV.XE) second-quarter results, based on a poll of seven 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 August 7.

=== 
                Operating profit: 
                                  -Life &      -Asset 
2nd Quarter    -Total    -P/C      Health   management 
AVERAGE         2,921   1,664         894         570 
Prev. Year      2,770   1,345         985         676 
+/- in %         +5.5     +24        -9.3         -16 
 
MEDIAN          2,935   1,688         890         560 
Maximum         3,065   1,866       1,015         643 
Minimum         2,770   1,320         790         505 
Amount              7       7           7           7 
 
Baader-Helvea   2,894   1,660         871         592 
Bankhaus Lampe  2,848   1,688         850         550 
DZ Bank         2,966   1,866         790         505 
Equinet         2,935   1,550         950         535 
MainFirst Bank  2,972   1,725         891         602 
Oddo Seydler    3,065   1,840         890         560 
UBS             2,770   1,320       1,015         643 
 
 
                            Net    Comb.           HY 
                        attrib.    Ratio  Comb. Ratio 
2nd Quarter       EBT    income      (a)          (a) 
AVERAGE         2,799     1,829     94.0         94.3 
Prev. Year      2,733     1,755     94.6         93.6 
+/- in %         +2.4      +4.2       --           -- 
 
MEDIAN          2,814     1,834     94.0         94.3 
Maximum         3,003     1,957     94.5         94.6 
Minimum         2,500     1,718     93.5         94.1 
Amount              7         6        5            3 
 
Baader-Helvea   2,754     1,736       --           -- 
Bankhaus Lampe  2,688     1,718     94.3           -- 
DZ Bank         2,891     1,848     93.5           -- 
Equinet         2,500        --       --           -- 
MainFirst Bank  2,814     1,819     94.0         94.3 
Oddo Seydler    2,945     1,895     93.5         94.1 
UBS             3,003     1,957     94.5         94.6 
 
 
            Target price  Rating                DPS 2015 
AVERAGE           163.17  positive 5    AVERAGE     7.27 
Prev. Quarter     157.86  neutral  2    Prev. Year  6.85 
+/- in %            +3.4  negative 0    +/- in %    +6.1 
 
MEDIAN            164.00                MEDIAN      7.26 
Maximum           180.00                Maximum     7.35 
Minimum           143.00                Minimum     7.20 
Amount                 6                Amount         4 
 
Baader-Helvea     143.00  Hold                        -- 
Bankhaus Lampe    157.00  Hold                      7.25 
Commerzbank       171.00  Buy                         -- 
DZ Bank               --  Buy                       7.35 
MainFirst Bank    165.00  Outperform                  -- 
Oddo Seydler      163.00  Buy                       7.20 
UBS               180.00  Buy                       7.26 
=== 

Year-earlier figures are as reported by the company.

(a) Property-casualty.

DJG/voi 

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