Overview of the past years

Based on accounting standards IFRS 4 and IAS  39. New accounting standards IFRS 9 and IFRS 17 came into effect on January 1, 2023.

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2022
2021
2020
2019
2018
Income statement            
Total revenues 1 EUR
mn
152,671 148,511 140,455 142,369 132,283
Operating profit 2 EUR
mn
14,164 13,400 10,751 11,855 11,512
Net income 2 EUR
mn
7,182 7,105 7,133 8,302 7,703
thereof: Attributable to shareholders EUR
mn
6,738 6,610 6,807 7,914 7,462
Balance sheet as of December 31            
Total assets EUR
bn
1,022 1,139 1,060 1,011 898
thereof: Investments EUR
bn
541 664 657 626 551
Shareholders' equity EUR
bn
51 80 81 74 62
Non-controlling interests EUR
bn
4 4 4 3 2
Share information            
Basic earnings per share EUR
16.35 15.96 16.48 18.90 17.43
Diluted earnings per share EUR
16.26 15.83 16.32 18.83 17.30
Dividend per share
EUR
11.40 10.80 9.60 9.60 9.00
Other information            
Return on equity 3
% 10.3 10.6 11.4 13.6 13.2
Combined ratio % 94.2 93.8 96.3 95.5 94.0
Solvency II capitalization ratio as of December 31 4
% 201 209 207 212 229
Total assets under management as of December 31 5
EUR
bn
2,141 2,609 2,389 2,268 1,961
thereof: Third-party assets under management as of
December 31 5
EUR
bn
1,635 1,966 1,712 1,686 1,436
Employees   159,253 155,411 150,269 147,268 142,460

As of May 4, 2023 (Annual General Meeting)

Please note: The figures are presented in millions of euros, unless otherwise stated. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

1 Total revenues comprise gross premiums written and fee and commission income in Property-Casualty, statutory gross premiums in Life/ Health, operating revenues in Asset Management, and total revenues in Corporate and Other (Banking).

2  The Allianz Group uses operating profit and net income as key financial indicators to assess the performance of its business segments and the Group as a whole.

3 
Represents the ratio of net income attributable to shareholders to the average shareholders' equity at the beginning and at the end of the period. The net income attributable to shareholders is adjusted for net financial charges related to undated subordinated bonds classified as shareholders' equity. From the average shareholders' equity undated subordinated bonds classified as shareholders' equity and unrealized gains/losses on bonds net of shadow accounting are excluded.

4 Risk capital figures are group diversified at 99.5% confidence level. Including the application of transitional measures for technical provisions, the Solvency II capitalization ratio amounted to 230% as of December 31, 2022.

5 From 2022 onwards, amounts are presented in accordance with the amended definition of assets under management and include portfolios sub-managed by third-party investment firms. Comparative periods are not affected by the amendment.