Allianz (ALV.DE): analysis in plain words
Is Allianz cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Allianz (ALV.DE) is listed on the Frankfurt Stock Exchange (Xetra) and we classify it in insurance. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Allianz according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Allianz (ALV.DE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €458.40 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 15.0x | Price over earnings per share |
| Revenue growth | +12.1% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 9.9% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 3.88% | Annual dividend over price |
| Market cap | N/A | What the stock market values it at |
The Allianz figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ALV.DE figure that is not available shows as N/A: we do not estimate it.
How Allianz makes money
Allianz runs three businesses: Property-Casualty insurance (auto, home, commercial), its largest by revenue; Life/Health, which includes savings and retirement products; and Asset Management, home to PIMCO and Allianz Global Investors, which earn fees for managing other people's money. It operates across Europe, the Americas and Asia.
Over the last 12 months, Allianz brought in revenue of €119.4 billion. For every 100 it sells, Allianz keeps 25.0 after the direct cost of what it sells (gross margin) and 13.7 after all operating costs (operating margin). With 138,378 full-time employees, that is about €863,000 of revenue per employee.
Allianz against its sector
To know whether a Allianz figure is high or low you have to put it next to similar companies. This table compares Allianz with the median of the 11 insurance companies Fintols covers, with data as of November 4, 2026.
| Figure | Allianz | insurance median |
|---|---|---|
| P/E | 15.0x | 13.1x (11) |
| Revenue growth | +12.1% | +3.0% (11) |
| Net margin | 9.9% | 11.2% (11) |
| Dividend yield | 3.88% | 2.35% (11) |
| ROE | 19.6% | 18.4% (11) |
In short, against the typical insurance company, Allianz grows faster and pays a higher dividend yield.
The bull case for Allianz
What works in favour of Allianz, according to its figures as of November 4, 2026:
- Allianz grew sales +12.1% in its latest quarter against the same quarter a year earlier, while the median insurance company Fintols tracks grew +3.0%.
- For income seekers, Allianz pays a dividend yielding 3.88% at today's price, using 56% of its profit to fund it.
- Allianz earns 19.6% a year on its shareholders' money (return on equity), a high figure for a financial company.
The main risk for Allianz
The Allianz figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: natural catastrophes and claims above plan, plus swings in the markets where it invests premiums.
Frequently asked questions about Allianz
Is it a good time to buy Allianz stock?
Fintols does not tell you whether to buy or sell Allianz, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Allianz stock trades at €458.40, 0% below its 52-week high (€460.50) and 35% above its low (€338.80). Its P/E is 15.0x against a insurance median of 13.1x, and 13.9x on the earnings analysts expect over the next 12 months. With Allianz, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Allianz pay a dividend?
Yes. As of November 4, 2026, Allianz pays €17.10 per share a year, which at today's price is a yield of 3.88%. It uses 56% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 4.68%. The insurance median on Fintols is 2.35%.
Is Allianz stock expensive?
It depends on what you compare it with. On P/E, Allianz trades at 15.0x its last 12 months of earnings: in line with the insurance median (13.1x). For a financial company you also look at price to book value: 2.8x (insurance median: 2.2x). A high P/E alone does not make Allianz expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Allianz's competitors?
On Fintols we compare Allianz with AXA, Munich Re and Mapfre, which are also in insurance. As of November 4, 2026, AXA is worth €91.4 billion and trades on a P/E of 12.2; Munich Re is worth €73.5 billion and trades on a P/E of 11.0; Mapfre is worth €12.9 billion and trades on a P/E of 11.0. Each has a side-by-side comparison with Allianz below.
Allianz competitors
- AXA (CS.PA) analysis · Allianz vs AXA comparison
- Munich Re (MUV2.DE) analysis · Allianz vs Munich Re comparison
- Mapfre (MAP) analysis · Allianz vs Mapfre comparison
To understand Allianz better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Allianz: insurance stocks and Euro Stoxx 50 companies. Open the full ALV.DE analysis with its valuation and scenarios. Educational content about Allianz, not investment advice.