Allianz's CFO Says Pimco Success Story to Continue in 2Q

The transcript covers a discussion on PIMCO's strong performance and market outlook, highlighting the volatility in the insurance sector. It explores the company's appetite for mergers and acquisitions (M&A) and its strategy for share buybacks. The impact of the Ogden rate on the UK market and the company's business is analyzed, along with the implications of Brexit on UK and European investments. Finally, the transcript discusses expectations for the European Central Bank's (ECB) monetary policy changes and their potential impact on investments.

What is the main reason given for not adjusting the financial outlook despite strong performance?

• The company lacks confidence in its forecasts.

• PIMCO's success is unsustainable.

• The insurance business is volatile.

• The market is too stable.

What is the company's current stance on mergers and acquisitions?

• Focusing solely on organic growth.

• Actively seeking opportunities in Asia.

• No immediate plans but open to evaluating opportunities.

• Planning a major acquisition in the United States.

How has the Ogden rate impacted the company's financials?

• It improved the top line significantly.

• It caused a one-off reserve strengthening.

• It led to a permanent increase in profits.

• It had no impact on the company's financials.

What is the company's approach to its UK business amidst Brexit?

• They are shifting focus to other European markets.

• They continue to operate independently of Brexit.

• They are heavily dependent on Brexit outcomes.

• They are planning to exit the UK market.

Which country is mentioned as the company's second largest market in Europe?

• Italy

• Spain

• France

• Netherlands

What is the company's expectation regarding the ECB's monetary policy?

• A rapid decrease in interest rates.

• Measured and careful steps with potential changes later.

• Immediate tightening of monetary policy.

• No changes expected in the near future.

How does the company view its investment opportunities in Continental Europe?

• Very well positioned to benefit.

• Limited and risky.

• Dependent on UK market conditions.

• Uncertain due to political instability.