Strategy

Since 1890, all around the globe, we at Allianz have been working hard to secure people’s lives and to give courage to our customers for what’s ahead.

We are actuaries, advisors and service agents; engineers, lawyers and technology experts; we are daughters and sons, mothers and fathers, accountants, investors and entrepreneurs – and together we are shaping our industry.

Because we know how important it is to have a fair partner at your side who provides solid and sustainable solutions, we strive to do it right – with passion, every day.

Our aspiration is to be the trusted partner for protecting and growing your most valuable assets.

For assets we do not refer only to our customers' material asset, but also financial and human assets like health.

Our purpose and aspiration can only be achieved if we deliver on our three promises:

1. Careful balance across stakeholders 

2. Delivery of benchmark results at scale

3. Strong resilience in a transforming world

We want to keep a careful balance across our stakeholders: shareholders, customers, employees and society - and drive real world impact in societies, economies, and the environment.

• For shareholders, we want to have a strong cash generation and maintain our strong track record
• Our employees are key to bring our purpose to life. For them we continuously shape an engaging, more diverse and inclusive work environment where everyone can be at their best to deliver sustainable value and best-in-class-service to our customers
• Our customer are at the heart of everything we do:

• We believe that a better world needs to make sure that all the people who live there have a social minimum and at the same time we cannot break an ecological ceiling

In the next three years, Allianz is set to grow its earnings per share (EPS) at a compound annual growth rate of 5 to 7 percent. To achieve this value creation we continue to drive initiatives addressing the five dimensions of our Renewal Agenda. To realize our growth ambition and accelerate our value creation, we have defined five strategic areas of focus:

• Transforming the L/H and AM franchise: We are increasing market shares in Protection & Health, accelerating our transformation to a capital efficient model. Furthermore, to offer our customers a unique value proposition, we are combining our Life & AM capabilities, while boosting our AM alternative investments offer.
• Expanding our P/C leadership position: We want to reach top positions in key markets via organic growth and acquisitions. In addition, we will rebalance our business portfolio to the most attractive non-motor lines.
• Boosting growth through scalable platforms: We are scaling our customer-facing platforms and build new operating platforms growing our business volume and margin.
• Deepening the global vertical integration and execution agility: We want to verticalize operating model across selected functions to unleash value from our skills and scale. 
• Reinforce capital productivity and resilience: We are raising capital productivity of in-force business in Life, are redeploying freed-up capital into growing and innovative business models and solutions. We are upgrading our capabilities to manage and reduce tail risks by managing our reinsurance, strengthening our underwriting capabilities, and reviewing our risk appetite. Our focus on capital resilience is matched with a focus on talent development and diversity that also strengthens our organizational resilience.