Allianz SE is a leading global financial services company that's been around for over 130 years. It was founded in 1890 in Germany.
One of its earliest business ventures was providing insurance products to farmers and craftsmen. This laid the foundation for the company's future growth and diversification.
Today, Allianz SE is a multinational conglomerate with operations in more than 70 countries worldwide. It offers a wide range of financial services, including life and health insurance, property and casualty insurance, and asset management.
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Financials
Allianz SE is a global insurance company with a significant presence in the financial industry. As of 2022, it held the title of the world's largest insurance company with US$1.02 trillion in assets.
The company's revenue has been steadily increasing over the years, with a notable jump in 2019 to €142.4 billion. This represents a 2.8% increase from the previous fiscal cycle.
Let's take a look at Allianz's revenue growth over the years:
Allianz's net income has also seen an increase, reaching €7.2 billion in 2022. The company's total assets have grown significantly, reaching €1.022 trillion in 2022.
Stock Information
Allianz SE is a German multinational financial services company that has a significant presence in the global stock market.
The company's stock is listed on the XETRA trading platform, which is one of the largest electronic trading platforms in Europe.
Allianz SE's stock is traded under the ticker symbol "ALV" and is part of the DAX 30 index, which tracks the performance of the 30 largest and most liquid German stocks.
In 2020, the company's stock price reached a record high of €140.50 per share.
The company's stock has consistently provided a stable return on investment, with a dividend yield of around 3.5% in recent years.
Allianz SE has a market capitalization of over €100 billion, making it one of the largest publicly traded companies in the world.
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Sales and Performance
Allianz SE is a multinational financial services company with a significant presence in the global market. Its sales figures are a testament to its financial prowess.
In 2023, Allianz SE's sales reached a whopping 71.79 billion euros in the Property-Casualty segment. This is a notable increase from 2022, where sales stood at 64.45 billion euros.
The company's Life/Health segment also saw a significant boost in sales, reaching 45.28 billion euros in 2023. This is a substantial increase from 2022, where sales stood at 39.22 billion euros.
Allianz SE's Asset Management segment, however, experienced a decline in sales, reaching 3.13 billion euros in 2023. This is a significant drop from 2022, where sales stood at 10.37 billion euros.
Here's a breakdown of Allianz SE's sales by segment in 2023:
The company's geographical breakdown of sales also reveals some interesting trends. In 2023, the Western & Southern Europe region contributed significantly to Allianz SE's sales, with a total of 41.31 billion euros. This is a notable increase from 2022, where sales stood at 41.31 billion euros.
Allianz SE's sales in the USA also saw a significant boost, reaching 12.26 billion euros in 2019. However, this figure declined to 9.92 billion euros in 2020 and then increased to 13.21 billion euros in 2021.
The company's sales in the German Speaking Countries and Central Europe region also experienced a decline, reaching 47.37 billion euros in 2022. This is a significant drop from 2021, where sales stood at 47.58 billion euros.
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Management and Structure
The Allianz SE management team is led by Oliver Bäte, who chairs the board of directors. The board includes several experienced professionals, including Sergio Balbinot, Sirma Boshnakova, and Dr. Barbara Karuth-Zelle.
The company's management score is Strong, according to the assessment of its ESG (Environmental, Social, and Governance) programs, practices, and policies. This suggests that Allianz SE has a robust approach to managing its ESG material risks.
The company has a complex structure, with several group companies operating under its umbrella. Some of these companies include Allianz Insurance Company-Egypt SAE, Allianz Zagreb dd, and AZOA Services Corp.
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Foundation
Allianz AG was founded in Munich in 1889, but started its activities in Berlin on 5 February 1890.
The company was established with a start-up capital of 4 million marks, which is a significant amount of money at the time. The joint company was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft.
The first Allianz products were marine and accident policies that were initially sold only in Germany. In 1893, Allianz opened its first international branch office in London, distributing marine insurance coverage to German clientele looking for coverage abroad.
Here's a brief timeline of Allianz's early expansion:
- 1890: Allianz Insurance started business in Berlin.
- 1893: Allianz opened its first international branch office in London.
- 1900: The company became the first insurer to obtain a license to distribute corporate policies.
- 1904: Paul von Naher took over the sole leadership of the company.
By 1914, Allianz had become the largest maritime insurer in Germany, with a presence in several countries including the Netherlands, Italy, Belgium, France, the Scandinavian countries, and the Baltic states.
CEOs to Date
The CEOs of Allianz have a rich history, with some notable names serving for extended periods. Carl von Thieme was the first CEO, leading the company from 1890 to 1904.
The table below shows a list of all the CEOs of Allianz to date:
Some of these CEOs have served for over 20 years, demonstrating the stability and continuity of Allianz's leadership.
Management
The management team at Allianz SE is led by Oliver Bäte, who has been serving as CEO since 2015.
Oliver Bäte is 59 years old and has been in his position since May 6, 2015. He is also the chairman of the board.
In addition to Bäte, the board includes other experienced leaders, such as Sirma Boshnakova, who is 53 years old and has been a director since 2021.
The management team also includes Barbara Karuth-Zelle, who is 56 years old and has been the Chief Operating Officer since 2020.
Allianz SE's management score is Strong, indicating that the company has a robust ESG program in place.
Here's a list of Allianz SE's CEOs to date:
The board of directors at Allianz SE includes 10 members, including Gabriele Burkhardt-Berg, Jürgen Lawrenz, and Friedrich Eichiner, among others.
Group Companies:
Allianz SE has a diverse group of companies under its umbrella. One of these companies is Allianz Insurance Company-Egypt SAE, which operates in a specific region.
Allianz also has a presence in Eastern Europe through its subsidiary Allianz Zagreb dd. Its operations in this region are not further specified in the provided information.
The company's investment arm, Allianz Cash - Otvoreni Investicijski Fond S Javnom Ponudom, focuses on investment trusts and mutual funds.
Here's a list of some of the key companies within the Allianz group:
- Allianz Insurance Company-Egypt SAE
- Allianz Zagreb dd
- Allianz Cash - Otvoreni Investicijski Fond S Javnom Ponudom
- AZOA Services Corp.
- Allianz Life Financial Services LLC
Allianz Life Financial Services LLC, for example, offers a range of financial services, including annuities, life insurance, and Buffered ETFs.
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Frequently Asked Questions
What is the difference between Allianz and Allianz SE?
Allianz is the brand name of the insurance company, while Allianz SE is the holding company that oversees the group's operations, including reinsurance. In essence, Allianz SE is the parent company of the Allianz Group.
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