Equity Research Report
Allianz SE - Equity Research
Summary
The company we analysed is Allianz SE, one of the world’s leading insurance and asset management groups, headquartered in Munich, Germany. With a global presence spanning nearly 70 countries and serving around 128 million customers, Allianz operates across Property & Casualty, Life & Health, and Asset Management through platforms such as PIMCO and Allianz Global Investors. Its diversified business model, strong capital position, and disciplined risk management foster the group’s long-term stability and ability to generate consistent value.
In this report, we assess Allianz’s business fundamentals, strategic positioning, and key risk factors, while highlighting the group’s earnings resilience, capital strength, and shareholder distribution profile. Based on our analysis, we believe the market is undervaluing Allianz’s ability to generate sustainable returns.
Our team conducted a comprehensive valuation using a Dividend Discount Model, complemented by a Residual Income (justified P/TBV) analysis, resulting in a BUY recommendation and a target price of €490.99, implying a 25.7% upside from the last closing price.
Authors
- Andrea PieriniLead Analyst
- Giuseppe MarcarelliAnalyst
- Giorgia GiustizieriAnalyst
- Samuel ZanchettaAnalyst
- Jill Samantha PascualAnalyst
- Rezan BagciogluCo-Head of Equity Research
- Giacomo PietrosantiCo-Head of Equity Research
Details
- Published
- 31 December 2025
- Division
- Equity Research
- Type
- Equity Research Report
- Pages
- 12
- Authors
- 7
Cite this report
Minerva Investment Management Society (2025). Allianz SE - Equity Research. Equity Research. https://minervaims.org/archive/allianz-se-equity-research-2025
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