0710 GMT - The results of Allianz look disappointing as its first-quarter solvency II ratio and its net income came in below consensus, Jefferies says in a research note. The difference between the German insurer's print and market expectations is due to heavier non-operating expenses and market movements in its asset management line, which were only partially offset by surprisingly high net flows, analyst Philip Kett writes. These non-operating items will be in focus, he notes. Shares open 3% lower.(elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 03:10 ET (07:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.