Allianz completes sale of Allianz Life Insurance Korea to Anbang

Allianz SE, the international financial services company headquartered in Munich, today announced it has successfully concluded the sale of Allianz Life Insurance Korea to Anbang Group Holdings.

HypoVereinsbank and Allianz conclude sales collaboration

Allianz new insurance partner of HypoVereinsbank from January 1, 2018 / Retail and corporate customers of HypoVereinsbank will benefit from the new product range / Collaboration offers substantial potential for growth at both partners

Allianz Leben profit participation 2017

Allianz Leben today announced the profit participation 2017.

Allianz 3Q net income rises 36.5 percent, supported by all business segments

Total revenues rise 0.5 percent to 27.7 billion euros in 3Q; internal revenue growth of 1.7 percent, adjusted for currencies and consolidation / 3Q operating profit up 18.2 percent at 2.9 billion euros from year-ago / Net income attributable to shareholders up 36.5 percent at 1.9 billion euros in 3Q from year-ago / Combined ratio improves to 93.5 percent in 3Q from 94.1 percent year-ago / Operating profit in Life/Health rises 53 percent in 3Q from year-ago / New business margin resilient at 2.8 percent in 3Q / PIMCO third-party net flows at 4.7 billion euros in 3Q, first positive net flows since 2Q 2013 / Cost-income ratio in Asset Management improves by 2.5 percentage points to 60.8 percent / Solvency II capitalization ratio at 186 percent as of September 30, 2016 / Operating profit outlook for 2016 confirmed at 10.5 billion euros, plus or minus 500 million euros

Allianz places subordinated bond

Allianz SE has placed a subordinated bond with a volume of 1.5 billion U.S. dollars with institutional investors in Asia and Europe.

Allianz delivers 2.4 billion euros operating profit in 2Q

Total revenues down 2.5 percent to 29.4 billion euros in 2Q; internal revenue growth of 0.4 percent in 2Q, adjusted for currencies and consolidation / 2Q operating profit down 17.2 percent to 2.4 billion euros, impacted by natural catastrophes and exceptional effects / 2Q operating profit in Asset Management stabilizing, assets under management up versus 1Q / Value of new business in Life/Health up 62.2 percent in 2Q, new business margin up to 2.6 percent / Net income attributable to shareholders down 46.0 percent to 1.1 billion euros in 2Q, driven by 352 million euros impact from the expected disposal of South Korea / Solvency II capitalization ratio resilient at 186 percent as of June 30, 2016 / Operating profit outlook for 2016 confirmed within target range of 10.5 billion euros, plus or minus 500 million euros 

Emmanuel Roman appointed CEO of PIMCO

Emmanuel (Manny) Roman (52) will become Chief Executive Officer at Pacific Investment Management Company LLC (PIMCO), an Asset Management subsidiary of Allianz, as of November 1, 2016. He will take over responsibilities from Douglas (Doug) Hodge (58), who steered PIMCO through a phase of rapid change.

Allianz agrees to acquire Moroccan subsidiary of Zurich

Acquisition a major milestone for Allianz in Africa / Pending regulatory approvals, transaction expected to close end of 2016

Allianz starts 2016 with a strong first quarter

Total revenues down 6.4 percent to 35.4 billion euros / 1Q operating profit fell by 3.5 percent to 2.8 billion euros / Net income attributable to shareholders up 20.5 percent to 2.2 billion euros / Solvency II capitalization eased to 186 percent / Operating profit outlook for 2016 of 10.5 billion euros, plus or minus 500 million euros confirmed