Financials Allianz SE

Equities

ALV

DE0008404005

Multiline Insurance & Brokers

Real-time Estimate Tradegate Other stock markets 03:16:38 16/01/2026 pm IST			5-day change	1st Jan Change
382.50 ^EUR	+0.10%		+0.10%	-2.00%

15/01	EY Sees Slight Growth in Germany Despite Wirecard Sanctions	DP
15/01	ALLIANZ SE : Berenberg reaffirms its Buy rating	ZD

Projected Income Statement: Allianz SE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,40,455	1,48,511	1,52,671	1,61,700	1,79,800	1,76,509	1,89,912	1,99,140
Change	-	5.74%	2.8%	5.91%	11.19%	-1.83%	7.59%	4.86%
EBITDA	-	-	-	17,018	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	10,751	13,400	14,164	14,746	16,023	17,237	17,962	18,919
Change	-	24.64%	5.7%	4.11%	8.66%	7.58%	4.21%	5.33%
Interest Paid ¹	-729	-616	-561	-631	-762	-793	-820.5	-877.5
Earnings before Tax (EBT) ¹	9,604	9,520	9,649	11,582	14,016	15,457	16,026	17,145
Change	-	-0.87%	1.36%	20.03%	21.02%	10.28%	3.68%	6.98%
Net income ¹	6,807	6,610	6,738	8,541	9,931	10,861	11,517	12,166
Change	-	-2.89%	1.94%	26.76%	16.27%	9.36%	6.04%	5.63%
Announcement Date	19/02/21	17/02/22	17/02/23	23/02/24	28/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales	31,400	35,585	41,400	34,301	34,400	38,409	44,038	37,100	34,813	36,692	45,966	-	36,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	13.33%	16.34%	-17.15%	0.29%	11.65%	14.66%	-15.75%	-6.16%	5.4%	25.28%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,907	2,975	3,336	3,319	3,236	3,509	3,238	3,495	3,476	3,955	3,731	3,783	3,468	3,765	3,986	3,925	3,938	4,174	4,238	4,406	4,433	4,237	4,352	4,441	4,464	4,591	4,510	4,624
Change	-	2.34%	12.13%	-0.51%	-2.5%	8.44%	-7.72%	7.94%	-0.54%	13.78%	-5.66%	1.39%	-8.33%	8.56%	5.87%	-1.53%	0.33%	5.99%	1.53%	3.96%	0.61%	-4.42%	2.71%	2.05%	0.51%	2.86%	-1.78%	2.55%
Charge d'intérêts	-248	-	-179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	2,886	2,593	3,490	3,124	2,950	-	1,042	2,317	-	-	2,915	-	-	-	3,493	3,484	3,521	3,518	3,555	4,102	-	-	-	-	-	-	-	-
Change	-	-10.15%	34.59%	-10.49%	-5.57%	-	-	122.36%	-	-	-	-	-	-	-	-0.26%	1.06%	-0.09%	1.05%	15.39%	-	-	-	-	-	-	-	-
Net income ¹	2,063	1,817	2,566	2,225	2,111	-292	561	1,706	2,464	2,007	2,032	2,337	2,060	2,151	2,475	2,513	2,471	2,472	2,423	2,841	2,847	2,631	3,630	2,807	2,985	2,913	2,857	2,971
Change	-	-11.92%	41.22%	-13.29%	-5.12%	-113.83%	292.12%	204.1%	44.43%	-18.55%	1.25%	15.01%	-11.85%	4.42%	15.06%	1.54%	-1.67%	0.04%	-1.98%	17.25%	0.21%	-7.6%	38%	-22.67%	6.33%	-2.43%	-1.91%	3.98%
Announcement Date	06/11/20	19/02/21	12/05/21	06/08/21	10/11/21	17/02/22	12/05/22	05/08/22	09/11/22	17/02/23	12/05/23	10/08/23	10/11/23	23/02/24	15/05/24	08/08/24	13/11/24	28/02/25	15/05/25	07/08/25	14/11/25	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2024 S1	2025 S1
Net sales	75,749	-	-
Change	-	-	-
EBITDA	-	-	-
Change	-	-	-
EBIT ¹	6,655	7,911	8,644
Change	-	18.87%	9.27%
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income ¹	-	-	5,264
Change	-	-	-
Announcement Date	06/08/21	08/08/24	07/08/25

¹EUR in Million

Estimates

Forecast Balance Sheet: Allianz SE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	15,519	12,998	16,490	-29,210	-	11,446	-	-
Change	-	-16.24%	26.87%	-277.14%	-	-	-	-
Announcement Date	19/02/21	17/02/22	17/02/23	23/02/24	28/02/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Allianz SE

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	1,448	-	2,140	498	-	-	-
Change	-	-	-	-76.73%	-100%	-	-
Free Cash Flow (FCF) ¹	30,601	23,713	22,322	31,405	9,258	10,000	10,500
Change	-	-22.51%	-	40.69%	-70.52%	8.01%	5%
Announcement Date	19/02/21	17/02/22	23/02/24	28/02/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Allianz SE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	10.52%	-	-	-	-
EBIT Margin (%)	7.65%	9.02%	9.28%	9.12%	8.91%	9.77%	9.46%	9.5%
EBT Margin (%)	6.84%	6.41%	6.32%	7.16%	7.8%	8.76%	8.44%	8.61%
Net margin (%)	4.85%	4.45%	4.41%	5.28%	5.52%	6.15%	6.06%	6.11%
FCF margin (%)	21.79%	15.97%	-	13.8%	17.47%	5.25%	5.27%	5.27%
FCF / Net Income (%)	449.55%	358.74%	-	261.35%	316.23%	85.24%	86.82%	86.3%
Profitability
ROA	0.66%	0.6%	0.62%	0.89%	0.98%	1.09%	1.16%	1.2%
ROE	11.4%	8.22%	10.3%	16%	16.9%	18.17%	18.37%	18.68%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	0.51x	0.55x	-	-	-	1.24x	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.03%	-	-	1.32%	0.28%	-	-	-
CAPEX / EBITDA (%)	-	-	-	12.57%	-	-	-	-
CAPEX / FCF (%)	4.73%	-	-	9.59%	1.59%	-	-	-
Items per share
Cash flow per share ¹	77.33	61.03	-	-	-	-	-	-
Change	-	-21.08%	-	-	-	-	-	-
Dividend per Share ¹	9.6	10.8	11.4	13.8	15.4	17.15	18.33	19.46
Change	-	12.5%	5.56%	21.05%	11.59%	11.36%	6.91%	6.14%
Book Value Per Share ¹	196.1	195.9	-	149.4	156.2	159.4	171.1	182.6
Change	-	-0.15%	-	-	4.58%	2.03%	7.35%	6.69%
EPS ¹	16.32	15.83	16.26	21.18	25.18	28.33	30.35	32.21
Change	-	-3%	2.72%	30.26%	18.89%	12.53%	7.1%	6.15%
Nbr of stocks (in thousands)	4,11,697	4,08,458	4,01,834	3,89,994	3,85,926	3,80,240	3,80,240	3,80,240
Announcement Date	19/02/21	17/02/22	17/02/23	23/02/24	28/02/25	-	-	-