IR releases

Allianz Suisse Life and Resolution Re agree on innovative reinsurance solution for legacy portfolio of individual life products

• Resolution Re will take over market and insurance risks of legacy portfolio of individual life products
• Portfolio has reserve volume of around CHF 4 billion
• Transaction will further strengthen competitiveness and capital position of Allianz Suisse Lebensversicherung

Restricted tier 1 (RT1) dual-tranche EUR and USD bond offering

Allianz SE has today completed the issuance of a dual-tranche RT1 bond denominated in US dollars and Euros with participation of institutional investors.

Allianz stays well on course in second quarter 2021

• Total revenue growth of 10.9 percent in 2Q 2021
• 2Q 2021 operating profit of 3.3 billion euros
• 2Q 2021 net income attributable to shareholders up 45.7 percent to 2.2 billion euros
• 6M 2021 operating profit of 6.7 billion euros reaches 55 percent of full-year outlook midpoint
• 6M 2021 net income attributable to shareholders increased 63.7 percent to 4.8 billion euros
• Solvency II capitalization ratio of 206 percent
• 2021 operating profit outlook now expected to be in the upper half of the target range of 12 billion euros, plus or minus 1 billion euros 

Allianz SE resolves on new share buy-back program with a volume of up to 750 million euros

Allianz SE has resolved on a new share buy-back program.

Reassessment of risks relating to Structured Alpha Funds

Reassessment of risks relating to Structured Alpha Funds

Allianz calls a EUR 1.1 billion subordinated bond for redemption and informs about the repurchase of a EUR 0.5 billion convertible bond

Allianz calls a EUR 1.1 billion subordinated bond for redemption and informs about the repurchase of a EUR 0.5 billion convertible bond

Allianz starts 2021 with strong first quarter results

• Total revenues of 41.4 billion euros, adjusted for currency and consolidation effects, flat compared to prior year level
• 1Q 2021 operating profit up 44.8 percent to 3.3 billion euros
• 1Q 2021 net income attributable to shareholders increased 83.4 percent to 2.6 billion euros
• Solvency II capitalization ratio of 210 percent
• 2021 operating profit target confirmed at 12.0 billion euros, plus or minus 1 billion euros

Allianz agrees to acquire Aviva Poland and consolidates its leading position in Central Eastern Europe

• Allianz to become the fifth largest insurer in Poland and consolidates its leading position in profitability in Central Eastern Europe (CEE)
• Transaction worth 2.5 billion euros

Allianz to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group

• Allianz to acquire the Italian P/C entity of Aviva Group, including  almost 500 agents
• Transaction worth 330 million euros
• On completion, following regulatory approvals, Allianz to consolidate its leading position in the Italian P/C market