Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Founded in 1890, it is one of the world’s leading insurers and asset managers, serving approximately 128 million private and corporate customers in nearly 70 countries . (Allianz, Allianz | At a glance)
📊 Financial Performance (2024)
- Revenue: €179.8 billion
- Operating Income: €16.02 billion
- Net Income: €10.54 billion
- Assets: €1.045 trillion
- Equity: €60 billion
- Employees: 156,626 (Allianz)
Allianz’s strong performance in 2024 was driven by robust results in its life and health insurance segments, particularly in the U.S. and Italy. The company also experienced significant growth in its property and casualty markets . (Allianz’s shrinking $63 bln property portfolio becomes less German, Allianz Lifts Dividend, Launches Buyback After Rise in Profit)
🏢 Business Segments
Allianz operates through various subsidiaries and divisions:
- PIMCO: A leading global investment management firm specializing in fixed income.
- Allianz Global Investors: Provides active investment management across asset classes.
- Allianz Life: Offers life insurance and annuity products.
- Allianz France: Provides a range of insurance products in France.
- Bajaj Allianz: A joint venture offering insurance products in India.
- Allianz Trade: Specializes in trade credit insurance. (Bonds are back)
🌱 Sustainability and Innovation
Allianz is committed to integrating ecological and social criteria into its business processes and investment decisions. The company is recognized as a leader in the insurance industry in the Dow Jones Sustainability Index . (Allianz | At a glance)
📈 Recent Developments
- Dividend Increase: Allianz announced a 12% increase in its dividend for 2024, proposing €15.40 per share, and initiated a €2 billion share buyback program .
- Asset Management Growth: The company’s asset management business, including PIMCO and Allianz Global Investors, experienced a resurgence with €24 billion in net inflows in 2023, indicating a positive outlook for the fixed income market . (Allianz Lifts Dividend, Launches Buyback After Rise in Profit, Bonds are back)
If you would like more detailed information on Allianz’s services, investment options, or sustainability initiatives, feel free to ask!
