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Allianz Group

 

Facts and Figures 2015 

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 achieved strong results in 2015 with operating profit rising to 10.7 billion euros, driven by a very good fourth quarter. In the Property and Casualty insurance segment, both gross premiums written and operating profit increased, the latter despite a higher impact from natural catastrophes compared to the previous year. In the Life and Health insurance segment, the strategic shift in product mix accelerated, leading to a slight reduction in revenues, while operating profit increased. In Asset Management, third-party net outflows continued to decrease over the year. Lower average third-party assets under management are mirrored in the segment’s operating profit.

“Allianz steadily delivers strong results in increasingly challenging operating conditions. Our business is healthy and well-diversified. This makes us confident that we will continue to deliver strong earnings. We look to generate 10.5 billion euros in operating profit in 2016, plus or minus 500 million euros,” said Oliver Bäte, CEO of Allianz SE. “For 2015, the Board of Management will propose a dividend of 7.30 euros per share, an increase of 6.6 percent over 2014.”

“Strong performance in our insurance operations plus performance fees in asset management in the fourth quarter drove full-year operating profit close to the top of the target earnings range,” said Dieter Wemmer, CFO of Allianz SE. “Active risk management led to a strong capital ratio of 200 percent under Solvency II rules, leaving us well prepared for today’s volatile markets.”

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 2016 Fortune Global 500, and 21st in the 2015 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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