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Allianz Group

 

Facts and Figures 2017

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.

Total revenues for Allianz Group rose 3.0 percent to 126.1 billion euros (2016: 122.4 billion) for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 (2016: 11.1) billion euros in 2017. The Solvency II capitalization ratio rose to 229 percent at end-2017 compared to 218 percent at end-2016. 

“The Group met its performance targets, maintained an extraordinary level of capital strength in 2017. These successes are largely due to the impressive efforts of Allianz employees and their pursuit of the goals we set out in our Renewal Agenda,” said Oliver Bäte, Chief Executive Officer of Allianz SE.

Allianz have finished 2017 on a high in Asia, delivering significant earnings growth across both insurance businesses. This solid performance reflects the strengths of its diversified portfolio across geographies, channels and products, the focused execution of its teams and its commitment to drive a high-quality, value-creating business in the region.

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 38th in the 2018 Fortune Global 500, and 22nd in The World's 2,000 Largest Public Companies 2018 by Forbes.

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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