2022 turned out to be a difficult year for stocks. Already at the beginning of the year increasing concerns about inflation weighed on the sentiment. The outbreak of war in Ukraine in February then fundamentally changed the stock market environment. Along with rising commodity prices, inflation accelerated and the central banks triggered a price decline on the stock markets with a wave of interest rate increases. Year-on-year, the EURO STOXX 50 fell by 11.7%.
The performance of the insurance sector was significantly better. The STOXX Europe 600 Insurance traded almost unchanged (-1.0%). The Allianz share recorded a slight fall of 3.3% to 200.90 euros. Including the dividend of 10.80 euros, the increase in value was 2.0%. In a ten-year comparison, the average annual increase in value was 11.8%.