Capital Markets Toolkit – Allianz SE
+ Industry-related IPO remark
This set of projects showcases my Capital Markets expertise through three complementary analyses: an equity research report on Allianz SE, one of the world’s largest insurers and asset managers; an ESG investment thesis on Allianz SE, evaluating environmental, social, and governance performance and peer benchmarking; and an industry-related IPO remark on Accelerant Holdings, assessing listing dynamics, valuation stretch versus peers, and strategic implications. Together, they demonstrate my ability to evaluate company fundamentals, assess industry and regulatory dynamics, and analyze ESG and transaction-specific factors. By building valuation frameworks, identifying catalysts & risks, and formulating investment recommendations, the projects highlight the analytical rigor and market awareness required in equity research, sales & trading, and capital markets advisory.
1 Equity Research Report
This project delivers a concise but comprehensive profile of Allianz SE, highlighting its scale as a global leader with €1.9 trillion assets under management, €179.8 billion in revenues, and operations across nearly 70 countries. Key financial and industry metrics include the combined ratio, solvency capital ratio, and a sustainable dividend yield of around 4–5 percent, supported by a diversified business mix across Property & Casualty, Life/Health, and Asset Management. The equity research report is structured across eight sections—executive summary, company overview, industry landscape, financial analysis, pillars and risks, valuation, recommendation & timing, and sources—providing a clear business profile, financial assessment, and investment recommendation.
Deliverable: A professional equity research report providing a business overview, financial analysis, valuation, and investment recommendation
2 ESG Investment Thesis
This project delivers a concise but comprehensive ESG profile of Allianz SE, highlighting its leadership in sustainability with €171.9bn sustainable AUM, a 50.7% reduction in portfolio emissions since 2019, and top-tier governance practices. Allianz scores A overall (E=A, S=A-, G=A+), supported by product innovation (Green2Green), strong social reach, and benchmark stewardship standards. The report is structured across key sections—investment thesis, pillar grades, catalysts & KPIs, risks, and references—providing a clear ESG assessment and long-term sustainability case.
Deliverable: A professional ESG investment thesis outlining Allianz’s environmental, social, and governance performance, peer benchmarking, and investment implications
Additional: Industry-related IPO remark
Accelerant Holdings IPO Remark
This project delivers a concise but comprehensive IPO remark on Accelerant Holdings (NYSE: ARX), highlighting its data-driven specialty insurance platform, rapid growth (+68% YoY revenue in Q2 2025), and strong debut performance (+26.2% above IPO price). The analysis reviews the $723m offering, $6.4bn launch valuation, and rich P/S multiple of 10.6x versus peer average 2.9x, underscoring both investor enthusiasm and execution risk. The report is structured across key sections—deal overview, company snapshot, financials, market reaction, comparables, hazards, and strategic perspective—providing a clear assessment of valuation stretch versus growth story.
Deliverable: A professional IPO remark analyzing Accelerant Holdings’ listing dynamics, business model, financial profile, peer comparison, risks, and strategic implications