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Facts and Figures 2016 

Allianz Group is one of the leading global financial services providers and offers insurance and asset management solutions worldwide. With over 147,000 employees, Allianz Group serves approximately 85 million customers in about 70 countries and regions.

Allianz Group delivered 10.8 billion euros in operating profit in 2016, near the upper end of its target range and the fifth consecutive increase in annual operating results. Net income attributable to shareholders rose 4.0 percent compared to 2015, leading Allianz to raise its dividend further to 7.60 euros. Allianz will also launch a 12-month share buy-back plan worth up to 3 billion euros, representing around 4.2 percent of its share capital. Allianz, Europe’s largest insurer by market value, saw further progress in implementing its Renewal Agenda in 2016, putting the company well on track to achieve its 2018 targets.

The Property and Casualty segment saw operating result ease 4.2 percent in the year mainly due to weaker investment results, even as its underwriting performance improved. The segment’s combined ratio, which measures underwriting profitability, improved 0.3 percentage points to 94.3 percent due in part to lower claims from natural catastrophes.

The Life and Health segment saw the strongest rise in operating profit – up 9.3 percent to 4.1 billion euros – with rising investment results as the key driver.The Asset Management segment marked an important milestone as PIMCO generated two consecutive quarters of third-party net inflows in the second half of 2016.

“Allianz had a great year in 2016, with efforts invested in our Renewal Agenda starting to bear fruit. All segments delivered well, thanks to the engagement of our excellent people, and our robust capital base puts us in a position of strength,” Oliver Bäte, Chief Executive Officer of Allianz SE, said.

Owing to its strong global business position in the insurance and financial services industry and its solid capitalization, Allianz is rated "AA" by the global rating agencies Standard & Poor’s. It ranks 34th in the 2017 Fortune Global 500, and 21st in the 2017 Forbes Global 2000. 

Allianz – History and Development  

 Allianz was founded in 1890 in Berlin, Germany. Today, its headquarters are located in Munich, the capital of Bavaria in southern Germany.

Since the early years of the 20th century, Allianz has been active in the international insurance market. It covered and compensated for high profile claims such as the devastating earthquake in San Francisco in 1906 and the sinking of the "Titanic" ocean liner. During the "German economic recovery" period of the 1950s, Allianz powered ahead to become the largest insurer in Germany. It resumed its international activities at the end of the ’60s.  

During the ’80s and ’90s, Allianz conducted numerous strategic acquisitions in Europe and North America with well-known insurance companies such as RAS, Cornhill, AGF, Fireman's Fund and Life USA Insurance, and further strengthened its position as international insurer. Today, more than 70 percent of Allianz’s gross written premiums are generated from businesses outside Germany, a clear indication of Allianz’s successful efforts to be a leading international player.

In 1998, Allianz took the strategic decision to combine its asset management activities into a separate core business. With the subsequent acquisition of US-based asset managers PIMCO Advisors, Nicholas Applegate, and Dresdner Bank, Allianz further reinforced its reputation as a leading institutional investor. In October 2004, Allianz was named the Global Market Leader in asset management. As a major investor, Allianz holds stakes in numerous domestically and internationally renowned companies.

Allianz transformed its legal status from a German stock corporation (Aktiengesellschaft, or AG) into a European company (Societas Europaea, or SE) on 13 October 2006 and became the first listed German company to convert itself into a European Company listed as a stock corporation based on European Union law.

 

 

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