0844 GMT - Allianz's guidance for 2025 might trigger some share weakness as it is below consensus expectations, but the company tends to achieve the higher end of its outlook range throughout the year, Deutsche Bank's Rhea Shah and Amalie Zdravkovic say in a research note. Europe's largest insurer said it expects an operating profit of 16 billion euros this year, plus or minus 1 billion euros. The mid-point of this range is below both Deutsche Bank's estimate of 16.5 billion euros and the 16.7 billion euros anticipated by the consensus, the analysts say. Allianz's shares have done well into the results this week, so there could be some weakness due to the company's guidance, Deutsche Bank says. Shares trade 0.5% lower, but are up 3.6% week to date. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 03:45 ET (08:45 GMT)
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