Allianz SE's assets under management reached a milestone of €1.9 trillion in 2022, a significant increase from the previous year. This growth is a testament to the company's commitment to delivering exceptional investment returns to its clients.
The company's asset management business has been expanding rapidly, driven by the increasing demand for diversified investment solutions. Allianz SE has been successful in attracting new clients and expanding its existing relationships.
In 2022, Allianz SE's asset management business generated €13.4 billion in revenue, a 12% increase from the previous year. This growth is a result of the company's focus on delivering high-quality investment products and services.
The company's asset management business is expected to continue growing in the coming years, driven by the increasing demand for sustainable and responsible investment solutions.
Take a look at this: Year Loss Table
Allianz SE Assets Under Management
Allianz SE's Asset Management segment saw a record third-party net inflows of 150 billion euros in 2017.
The segment's assets under management grew to 1,448 billion euros by the end of 2017, a 87 billion euros increase from the end of 2016.
Operating profit rose 10.6 percent to 2.4 billion euros in 2017, mainly driven by increased average third-party assets under management at PIMCO and Allianz Global Investors.
The cost-income ratio improved 1.5 percentage points to 61.9 percent in 2017, as revenue growth outpaced the increase in expenses.
Allianz SE's total assets under management reached 1,960 billion euros by the end of 2017, an increase of 89 billion euros from the end of 2016.
The segment's fourth-quarter operating profit grew by 8.4 percent to 697 million euros, mainly due to higher assets under management driven revenues.
Allianz SE manages around 717 billion euros on behalf of its insurance customers through its asset managers.
As of March 31, 2023, PIMCO and Allianz Global Investors manage about 1.7 trillion euros of third-party assets.
Intriguing read: Global Assets under Management
Frequently Asked Questions
How big is Allianz asset management?
Allianz Asset Management has approximately €2 trillion in assets under management and a global workforce of around 5,000 employees. This makes it a significant player in the asset management industry.
Sources
- https://www.linkedin.com/pulse/allianz-se-announces-2017-results-including-asset-pimco-strauch
- https://www.allianzgloballife.com/en_IS/allianz-group.html
- https://www.allianzgi.com/en/our-firm
- https://in.marketscreener.com/quote/stock/ALLIANZ-SE-4000477/company-group/
- https://www.insurancebusinessmag.com/au/news/breaking-news/asset-management-grows-for-allianz-in-q3-amid-strong-market-gains-513660.aspx
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