Income Statement Allianz SE

Equities

ALV

DE0008404005

Multiline Insurance & Brokers

Market Closed - Xetra Other stock markets 09:12:51 06/09/2024 pm IST			5-day change	1st Jan Change
280.20 ^EUR	-1.20%		-0.25%	+15.81%

06/09	London's ExCel Centre wins insurance appeal over COVID-19 losses	RE
06/09	UK Court Dismisses Appeal Filed by Allianz, Other Insurers in London ExCeL Case	MT

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Published financial data: ALLIANZ SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	75.91B	75.71B	77.66B	83.91B	81.7B
Total Interest And Dividend Income	18.17B	24.7B	14.4B	6.58B	1.63B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	5.45B	4.79B	8.09B	5.58B	991M
Other Revenues, Total	12.88B	12.32B	14.33B	14.52B	13.76B
Total Revenues	112B	118B	114B	111B	98.08B
Policy Benefits	69.58B	70.07B	70.84B	66.07B	51.13B
Policy Acquisition / Underwriting Costs, Total	19.93B	19.53B	20.79B	35.49B	34.21B
Amortization of Goodwill and Intangible Assets - (IS)	196M	260M	307M	352M	319M
Selling General & Admin Expenses, Total	7.98B	8.29B	12.4B	-	-
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-2M	-15M	-11M	-5M	-
Salaries And Other Employee Benefits	2.77B	2.8B	3.15B	-	-
Other Operating Expenses	67M	35M	48M	26M	363M
Reinsurance Income Or Expense	-	-	-	-	-
Total Operating Expenses	101B	101B	108B	102B	86.02B
Operating Income	11.88B	16.53B	6.93B	8.65B	12.06B
Interest Expense, Total	-1.11B	-999M	-1.16B	-1.44B	-
Currency Exchange Gains (Loss)	741M	-5.13B	4.46B	3.38B	93M
Other Non Operating Income (Expenses)	-	-	-	1M	-
EBT, Excl. Unusual Items	11.51B	10.4B	10.23B	10.6B	12.15B
Restructuring Charges	-426M	-788M	-666M	-951M	-568M
Total Merger & Related Restructuring Charges	-7M	-10M	-47M	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	11.08B	9.6B	9.52B	9.65B	11.58B
Income Tax Expense	2.78B	2.47B	2.42B	2.47B	2.55B
Earnings From Continuing Operations	8.3B	7.13B	7.1B	7.18B	9.03B
Net Income to Company	8.3B	7.13B	7.1B	7.18B	9.03B
Minority Interest	-387M	-326M	-495M	-444M	-491M
Net Income - (IS)	7.91B	6.81B	6.61B	6.74B	8.54B
Preferred Dividend and Other Adjustments	-	-	50M	119M	142M
Net Income to Common Incl Extra Items	7.91B	6.81B	6.56B	6.62B	8.4B
Net Income to Common Excl. Extra Items	7.91B	6.81B	6.56B	6.62B	8.4B
Per Share Items
Net EPS - Basic	18.9	16.48	15.96	16.35	21.2
Basic EPS - Continuing Operations	18.9	16.48	15.96	16.35	21.2
Basic Weighted Average Shares Outstanding	419M	413M	411M	405M	396M
Net EPS - Diluted	18.83	16.32	15.83	16.26	21.18
Diluted EPS - Continuing Operations	18.83	16.32	15.83	16.26	21.18
Diluted Weighted Average Shares Outstanding	419M	414M	412M	406M	396M
Normalized Basic EPS	16.26	14.95	14.36	15.27	17.93
Normalized Diluted EPS	16.25	14.9	14.33	15.21	17.92
Dividend Per Share	9.6	9.6	10.8	11.4	13.8
Payout Ratio	47.6	58.06	59.85	65.05	53.18
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	12.93B	17.64B	8.25B	10.04B	13.12B
EBITA	12.08B	16.79B	7.24B	9.01B	12.38B
EBIT	11.88B	16.53B	6.93B	8.65B	12.06B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	116B	120B	122B	123B	-
Effective Tax Rate - (Ratio)	25.06	25.73	25.37	25.57	22.02
Total Current Taxes	3.01B	2.26B	3.64B	2.4B	2.75B
Total Deferred Taxes	-230M	207M	-1.22B	64M	-201M
Normalized Net Income	6.81B	6.18B	5.9B	6.18B	7.1B
Interest on Long-Term Debt	795M	723M	620M	549M	582M
Non-Cash Pension Expense	126M	-5M	52M	156M	288M
Supplemental Operating Expense Items
General and Administrative Expenses	6.27B	6.6B	6.94B	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	251M	156M	186M	171M	81M
Total Stock-Based Compensation	251M	156M	186M	171M	81M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	534B	568B	552B	442B	444B
Investment In Equity and Preferred Securities, Total	80.88B	75.53B	98.47B	84.08B	48.09B
Trading Asset Securities, Total	7.57B	16.11B	11.96B	9.29B	87.2B
Real Estate Owned	13.05B	14.29B	16.92B	18.03B	23.92B
Total Other Investments	5.17B	4.51B	5.43B	5.05B	32.34B
Total investments	641B	679B	685B	559B	635B
Cash And Equivalents	15.26B	16.1B	17.04B	17.4B	18.92B
Reinsurance Recoverable - (IS)	21.18B	23.77B	61.84B	65.62B	24.72B
Other Receivables - (Insurance Template)	134B	138B	145B	151B	89.78B
Deferred Policy Acquisition Costs - (BS)	24.78B	21.83B	23.76B	36.58B	-
Separate Account Assets	132B	137B	158B	141B	153B
Gross Property Plant And Equipment	19.57B	20.23B	21.21B	22.13B	14.69B
Accumulated Depreciation	-9.74B	-10.41B	-11.47B	-12.39B	-4.48B
Net Property Plant And Equipment	9.83B	9.83B	9.74B	9.74B	10.22B
Goodwill	13.21B	13.49B	15.94B	16.25B	16.62B
Other Intangibles, Total	1.59B	2.12B	2.79B	2.65B	2.03B
Restricted Cash	3.22B	3.66B	3.81B	2.42B	2.65B
Other Current Assets, Total	7.95B	7.44B	7.27B	8.06B	17.02B
Deferred Tax Assets Long-Term (Collected)	1.13B	1.01B	1.91B	6.94B	5.99B
Other Long-Term Assets, Total	5.9B	6.17B	6.75B	5.67B	7.13B
Total Assets	1,011B	1,060B	1,139B	1,022B	983B
Liabilities
Accrued Expenses, Total	7.56B	7.67B	8.8B	8.6B	6.33B
Insurance And Annuity Liabilities	671B	697B	725B	665B	777B
Unearned Premiums	25.47B	25.34B	27.5B	31.15B	-
Reinsurance Payable - (BS)	4.55B	6.75B	35.56B	30.05B	231M
Current Portion of Long-Term Debt	1.25B	-	1.5B	750M	-
Current Portion of Leases	453M	467M	403M	373M	-
Short-Term Borrowings	6.76B	7.6B	7.11B	8.78B	1.1B
Long-Term Debt	27.88B	30.36B	28.61B	29.53B	28.93B
Long-Term Leases	2.34B	2.26B	2.39B	2.37B	2.73B
Separate Account Liability	132B	137B	158B	141B	-
Current Income Taxes Payable	1.77B	1.81B	2.52B	1.77B	1.98B
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	22.89B	27.53B	24.5B	23.38B	12.64B
Unearned Revenue Non Current	502M	551M	593M	566M	672M
Pension & Other Post Retirement Benefits	10.56B	10.72B	11.18B	7.99B	8.67B
Deferred Tax Liability Non-Current	6.54B	8.6B	5.63B	1.13B	2.12B
Other Non Current Liabilities	12.15B	11.72B	15.98B	13.39B	77.25B
Total Liabilities	934B	975B	1,055B	966B	920B
Common Stock, Total	1.17B	1.17B	1.17B	1.17B	1.17B
Additional Paid In Capital	27.76B	27.76B	27.73B	27.73B	27.73B
Retained Earnings	29.63B	31.4B	32.82B	35.68B	30.7B
Treasury Stock	-55M	-30M	-32M	-333M	-
Comprehensive Income and Other	15.5B	20.52B	18.26B	-12.78B	-1.13B
Total Common Equity	74B	80.82B	79.95B	51.47B	58.48B
Minority Interest	3.36B	3.77B	4.27B	3.77B	5.1B
Total Equity	77.36B	84.59B	84.22B	55.24B	63.58B
Total Liabilities And Equity	1,011B	1,060B	1,139B	1,022B	983B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	417M	412M	408M	402M	391M
ECS Total Common Shares Outstanding	417M	412M	408M	402M	391M
Book Value / Share	177.64	196.15	195.86	128.18	149.38
Tangible Book Value	59.21B	65.22B	61.22B	32.57B	39.83B
Tangible Book Value Per Share	142.12	158.28	149.97	81.11	101.74
Total Debt	38.68B	40.69B	40B	41.8B	32.76B
Net Debt	23.42B	24.59B	22.96B	24.4B	13.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	10.25B	10.32B	10.62B	7.52B	8.13B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	3.36B	3.77B	4.27B	3.77B	5.1B
Equity Method Investments, Total	13.46B	14.57B	15.42B	17.29B	21.19B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	4.01B	3.85B	3.89B	3.89B	4B
Full Time Employees	147K	150K	155K	159K	158K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7.91B	6.81B	6.61B	6.74B	8.54B
Depreciation, Depletion & Amortization	1.25B	1.26B	1.4B	1.46B	1.13B
Amortization of Goodwill and Intangible Assets - (CF)	196M	260M	307M	352M	319M
Total Depreciation, Depletion & Amortization	1.45B	1.52B	1.71B	1.81B	1.45B
Amortization of Deferred Charges, Total	618M	724M	815M	766M	822M
(Gain) Loss on Sale of Investments - (CF)	-3.52B	-9.7B	-1.18B	11.06B	7.25B
Deferred Policy Acquisition Costs - (CF)	-1.56B	-201M	2.75B	-1.96B	-
Provision for Credit Losses	2M	15M	11M	5M	-
(Income) Loss On Equity Investments - (CF)	-422M	-112M	-305M	-431M	-168M
Change in Trading Asset Securities	-674M	4.19B	-5.68B	-19.38B	-
Change in Accounts Receivable	-	-	-	-	16.02B
Reinsurance Recoverable - (CF)	-253M	-2.32B	-1.38B	-187M	210M
Change in Unearned Revenues	1.46B	381M	1.26B	7.16B	-
Change In Deferred Taxes	208M	341M	-358M	218M	13M
Change in insurance Reserves / Liabilities	24.89B	19.57B	18.02B	5.75B	644M
Change in Other Net Operating Assets (Collected)	-273M	103M	-2.9B	4.05B	-12.53B
Other Operating Activities	6.61B	10.72B	5.74B	-13.63B	2.2B
Cash from Operations	36.45B	32.05B	25.12B	1.96B	24.46B
Capital Expenditure	-1.31B	-1.45B	-1.41B	-1.62B	-2.14B
Sale of Property, Plant, and Equipment	283M	125M	131M	220M	188M
Cash Acquisitions	348M	-857M	-3.17B	-199M	-106M
Divestitures	-	998M	-	-	-290M
Sale (Purchase) of Real Estate Properties (Collected)	-1.82B	-1.24B	-254M	-807M	-521M
Investment in Marketable and Equity Securities, Total	-22.06B	-21.2B	-11.27B	11.64B	-9.66B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-3.02B	-5.24B	-3.64B	-2.85B	-
Other Investing Activities, Total	-111M	-3M	-171M	-3.43B	517M
Cash from Investing	-27.7B	-28.87B	-19.78B	2.96B	-12.01B
Long-Term Debt Issued, Total	6.86B	8.65B	8.35B	6.85B	6.87B
Total Debt Issued	6.86B	8.65B	8.35B	6.85B	6.87B
Long-Term Debt Repaid, Total	-6.28B	-5.02B	-6.7B	-6.9B	-6.02B
Total Debt Repaid	-6.28B	-5.02B	-6.7B	-6.9B	-6.02B
Issuance of Common Stock	5M	-	2M	-	-
Repurchase of Common Stock	-	-67M	-	-312M	-2.2B
Common Dividends Paid	-3.77B	-3.95B	-3.96B	-4.38B	-4.54B
Common & Preferred Stock Dividends Paid	-3.77B	-3.95B	-3.96B	-4.38B	-4.54B
Other Financing Activities, Total	-1.67B	-997M	-1.49B	-1.88B	171M
Cash from Financing	-4.85B	-1.39B	-3.79B	-6.63B	-5.72B
Foreign Exchange Rate Adjustments	90M	-758M	216M	275M	-468M
Miscellaneous Cash Flow Adjustments	-144M	337M	-	-212M	50M
Net Change in Cash	3.84B	1.37B	1.77B	-1.64B	6.31B
Supplemental Items
Cash Interest Paid	1.13B	1.07B	1.09B	1.56B	1.31B
Cash Income Tax Paid (Refund)	2.47B	2.69B	3.02B	3.16B	3.07B
Net Debt Issued / Repaid	581M	3.63B	1.66B	-54M	849M
Levered Free Cash Flow	6.26B	7.07B	-1.42B	1.42B	-6.29B
Unlevered Free Cash Flow	6.95B	7.69B	-694M	2.32B	-6.29B
Change In Net Working Capital	1.48B	3.59B	6.32B	4.22B	14.04B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.78	1	0.39	0.5	0.79
Return on Total Capital	6.85	8.56	3.47	4.89	8.05
Return On Equity %	11.77	8.81	8.42	10.3	14.77
Return on Common Equity	11.7	8.79	8.16	10.07	14.88
Margin Analysis
Gross Profit Margin %	20.37	23.76	19.95	8.17	12.99
SG&A Margin	9.57	9.44	13.59	-	-
EBITDA Margin %	11.5	15.01	7.2	9.08	13.38
EBITA Margin %	10.74	14.29	6.32	8.14	12.62
EBIT Margin %	10.57	14.07	6.05	7.83	12.29
Income From Continuing Operations Margin %	7.38	6.07	6.21	6.49	9.21
Net Income Margin %	7.04	5.79	5.77	6.09	8.71