Allianz SE 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Allianz SE (ALV.XE) third-quarter results, based on a poll of 12 analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro, combined ratio in percent, according to IFRS). Earnings figures are scheduled to be released November 7.

=== 
                                         Operat.    Operat. 
                                 Operat. profit     profit 
                  Total  Operat. profit  Life &      Asset 
3rd Quarter     revenue  profit     P/C  Health  managment 
AVERAGE          27,554   2,616   1,401     795        655 
Prev. Year       25,144   2,519   1,236     769        754 
+/- in %           +9.6    +3.8     +13    +3.4        -13 
 
MEDIAN           27,873   2,598   1,399     798        660 
Maximum          28,436   2,787   1,515     878        690 
Minimum          26,035   2,476   1,292     654        607 
Amount                4      12      11      11         11 
 
Baader-Helvea        --   2,561   1,349     798        683 
Bankhaus Lampe       --   2,741   1,515     810        651 
Berenberg            --   2,787   1,473     878        674 
Bryan Garnier        --   2,524   1,310     769        670 
DZ Bank          26,035   2,526   1,369     777        615 
Exane BNP Pari.      --   2,710   1,399     654        658 
Independent Res.     --   2,530      --      --         -- 
J.P. Morgan          --   2,628   1,404     850        607 
Kepler Cheuvreux 28,200   2,617   1,457     800        620 
MainFirst Bank   27,546   2,579   1,387     782        675 
Morgan Stanley       --   2,476   1,292     754        690 
UBS              28,436   2,713   1,455     877        660 
 
                                           Comb. 
                            Net attrib.   Ratio 
3rd Quarter            EBT      income      (a) 
AVERAGE              2,546       1,578     93.5 
Prev. Year           2,277       1,445     94.8 
+/- in %               +12        +9.2     -1.4 
 
MEDIAN               2,594       1,576     93.5 
Maximum              2,662       1,720     94.5 
Minimum              2,374       1,452     92.3 
Amount                   6          12       10 
 
Baader-Helvea           --       1,514     94.0 
Bankhaus Lampe       2,633       1,678     92.3 
Berenberg            2,662       1,627     93.3 
Bryan Garnier           --       1,524       -- 
DZ Bank              2,374       1,514     93.5 
Exane BNP Pari.         --       1,720     94.0 
Independent Res.        --       1,480       -- 
J.P. Morgan          2,589       1,613     93.5 
Kepler Cheuvreux        --       1,597     93.0 
MainFirst Bank       2,418       1,555     93.7 
Morgan Stanley          --       1,452     94.5 
UBS                  2,599       1,667     93.1 
 
                Target price  Rating               DPS 2014 
 
AVERAGE               143.22  positive 7  AVERAGE      6.22 
Prev. Quarter         144.60  neutral  2  Prev. Year   5.30 
+/- in %                -1.0  negative 0  +/- in %      +17 
 
MEDIAN                142.00              MEDIAN       5.95 
Maximum               155.00              Maximum      8.00 
Minimum               136.00              Minimum      5.40 
Amount                     9              Amount          6 
 
Baader-Helvea         136.00  Buy                        -- 
Bryan Garnier         140.00  Neutral                  5.90 
DZ Bank               136.00  Buy                      5.90 
Exane BNP Pari.       137.00  Neutral                  5.99 
Independent Res.      155.00  Buy                      5.40 
J.P. Morgan           143.00  Overweight               8.00 
Kepler Cheuvreux      151.00  Buy                        -- 
MainFirst Bank        142.00  Outperform                 -- 
UBS                   149.00  Buy                      6.10 
=== 

Year-earlier figures are as reported by the company.

(a) Property-casualty.

DJG/err 

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