User 194060

Aegon and Allianz: Favorable Outlook for Some European Insurers

Zacks may be right about AEG's potential and AXA has had several good years but now looks set to follow the market. Allianz continues to be burnt over its Dresdner fiasco. A fire sale could remedy that. On the other hand, by my humble calculation it appears that core income without the cloud of sub-prime (probably largely reversable in the near future) and prior year capital gains actually doubled from prior year. Not shabby in this industry. The guidance is still firm and the dividend over 4% looks extremely handsome. Can't believe this price will stay so low, Dresdner or no Dresdner. Should see $24-26 before year-end.