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  Company

When was Allianz founded?

Allianz was entered into the Commercial Register at the municipal court of Berlin on February 5, 1890. In 1949 the headquarters moved to Munich. Allianz celebrated its 125th anniversary in 2015.

History of Allianz

In which sector does Allianz operate? What kind of business is Allianz engaged in?

Allianz's operations break down into the following lines of business:

  • Property and Casualty Insurance
  • Life and Health Insurance
  • Asset Management 

Business Operations

Since the vast majority of our revenue comes from the insurance business, Allianz is generally classed as belonging to the "insurance" sector (e.g. included in the STOXX Europe 600 Insurance index).

What are Allianz's most important subsidiaries?

The Allianz Group has a decentralized management structure andpossesses high levels of competency in local markets via an international network of subsidiaries in more than 70 countries.

Companies worldwide

Subsidiaries

Where is Allianz's head office?

The Head Office of Allianz SE is in Munich. Its address is as follows:

Allianz SE
Königinstraße 28
80802 Munich
Germany

Phone: +49 89 3800 0
E-mail: info@allianz.com

Credits

Who is on the Allianz Board of Management?

The Board of Management of Allianz SE currently is made up of nine members. Chairman of the Board of Management is Oliver Bäte. Click on the link for a list of the members of the Board of Management and their CVs.

Members of the Board of Management

Who is on the Allianz Supervisory Board?

The Supervisory Board is made up of 12 members, 6 of whom have been appointed by shareholders and 6 by employees. Chairman of the Supervisory Board is Michael Diekmann.

The link will take you to more information on the Supervisory Board of Allianz SE.

Supervisory Board

How many employees does Allianz Group have?

Allianz Group has approximately 140,253 employees worldwide (as of December 31, 2016).

Our Employees

Who are Allianz Group's biggest competitors?

Allianz’s competitors with worldwide operations are Aegon, AXA, Generali, Munich Re, Prudential and Zurich. Besides these international competitors, there are other local and regional companies competing for business in various countries and markets.

Where can I access the latest company news and business figures?

You can access the latest news about the Allianz Group on our website following the links listed below:

IR announcements

Ad hoc announcements

Reporting thresholds

Directors' Dealings

Press News overview

Podcast

Info about app

Financial calendar

  Financials

When will the next figures be published?

You will find all release dates in our Financial Calendar.

Financial Calendar

How can I get hold of the latest Annual Report or Interim Report?

The Allianz Group Annual and Interim Reports are available on this website as PDF and in the Allianz Investor Relations App. The Annual Report can also be ordered as printed version.

Annual Report

Interim Report

What is the difference between the Annual Report of Allianz Group and the Annual Report of Allianz SE?

Every year Allianz SE publishes its financial statements as well as its consolidated financial statements. The Annual Report of Allianz SE (financial statements) only concerns the holding company "Allianz SE" that is based in Munich. Since 2006 the legal form of Allianz SE has been that of a European company (Societas Europaea). The financial statements of the holding company Allianz SE are drawn up according to the requirements of the HGB (Handelsgesetzbuch – German Commercial Code).

The Annual Report of Allianz Group contains the consolidated financial statements of Allianz SE and its subsidiaries. The consolidated financial statements are drawn up on the basis of the International Financial Reporting Standards (IFRS).

Lists of Participations

International Financial Reporting Standards (IFRS)

Which accounting regulations are the financial statements of the Allianz Group based on?

Allianz Group is drawing up its financial statements according to the International Financial Reporting Standards (IFRS).

Until 2002 the designation "International Accounting Standards" (IAS) applied to the overall framework of all standards approved by the International Accounting Standards Board (IASB). The change to IAS was effected in 1998. Thus the accounting of the Allianz Group is comparable with that of its international peers.

The annual financial statement of Allianz SE is drawn up according to the requirements of the HGB (Handelsgesetzbuch – German Commercial Code).

Annual Report

In which currency does Allianz publish its results?

Allianz has been doing its accounting in Euros since the introduction of the Euro in 1999.

  Share

At which stock exchanges is the Allianz share traded?

The Allianz share is traded in Xetra and at all German stock exchanges.

In the U.S. Allianz shares are traded in the over-the-counter market in form of American Depositary Receipts (ADR) and are quoted on OTCQX under the ticker symbol AZSEY. 

What is the par value of the Allianz share?

The Allianz share is a no-par-value share. By dividing the company's capital stock by the number of shares we arrive at a notional par value of 2.56 Euro (formerly 5 DM).

How many shares are there currently?

The information on the total number is updated on a quarterly basis. To find out the current number of shares please follow the link.

Capital

When did the last cum-rights capital increase take place at Allianz?

The last cum-rights capital increase took place in April 2003.

Capital increases

When did Allianz last carry out a share split?

Allianz carried out a share split based on a ratio of 1:10 that took effect on April 28, 1997. The nominal value per share was reduced from DM 50 (Deutsche Mark) to DM 5 (approx. EUR 2.56) as a result. The resolution on the share split had been passed by the Annual General Meeting held on October 7, 1996. No further share splits are currently planned.

Stock split

What categories of share has Allianz issued?

Allianz has issued only one category of shares - registered shares with restricted transferability.

What significance do registered shares with restricted transferability have for the shareholder?

Allianz SE issues registered shares with restricted transferability. Under German stock corporation law, companies with registered shares consider only those persons as shareholders, who are recorded in the company's share register. To be recorded in the share register is relevant for taking part in general meetings and making use of voting rights and it also facilitates direct communication with shareholders. This way, for instance, shareholders can be invited personally to attend general meetings. The restriction on share transferability goes right back to the foundation of Allianz in 1890. This practice is widespread in the insurance industry in Germany. In accordance with its statutes, the company will only withhold the approval for a transfer of shares if extraordinary reasons exist and if it is considered to be in the interest of the company. For several decades no such case has occurred. With the standardization of share transfer processes, the restriction on share transferability does not cause any delay in the registration in the share register and does not impede in any way the trading of the shares on stock exchanges.

Which Allianz Group companies are listed?

The following companies have a stock exchange listing:

  • Allianz SE, Munich (DE 000 840 400 5)

  • Euler Hermes S.A., Paris (FR 000 425 403 5)

  • Oldenburgische Landesbank AG, Oldenburg (DE 000 808 600 0)

  • Allianz Malaysia Berhad, Kuala Lumpur (MYL 116 3OO 004)

How many shareholders does Allianz have?

Allianz SE has around half a million shareholders. To find out the current number of shareholders please follow the link.

Shareholder Structure

Who are the biggest shareholders?

The biggest shareholders of Allianz are German and US-American investment companies.

Shareholder Structure

When was the Allianz share first listed on a stock exchange and at what price?

The Allianz share was first listed on December 12, 1895 on the Berlin stock exchange. The issuing price was 750 marks. As early as December 31, 1895 the price had climbed to 800 marks.

When was the Allianz share included in the DAX®?

The DAX® was introduced to the Frankfurt stock exchange on June 23, 1988. The Allianz share has been part of the DAX® since the very beginning and up to this day it is one of its most important components.

Indices

In what indices is the Allianz share represented?

The Allianz share is represented in the leading German and European as well as in the most significant world-market indices with a high weighting for a single stock, including the DAX®, EURO STOXX 50, S&P Europe 350, FTSE Eurotop 100, MSCI Europe and MSCI World. The Allianz share has a particularly high weighting in the German and European sector indices for insurance, such as Prime Insurance, STOXX Europe 600 Insurance or MSCI Europe Insurance. Furthermore the Allianz share is included in the Dow Jones Sustainability and the FTSE4Good.

Indices

How can I acquire Allianz shares?

You can buy Allianz shares through any supplier of brokerage services, usually banks. To do so, you need a custody account in which your shares are administered. It is not possible to acquire the shares directly through Allianz SE, its subsidiaries or intermediaries.

What is Allianz's market capitalization?

Allianz is one of the most highly valued financial services enterprises in Europe. To find out Allianz's current market capitalization please follow the link.

Market Capitalization

Is the company authorized to acquire treasury shares (share buy back)?

The Management has been authorized to acquire treasury shares for securities-trading purposes of banks belonging to the Allianz Group (Agenda Item 9 of the Annual General Meeting on May 7, 2014). This authorization is limited until May 6, 2019.

Moreover, under Agenda Item 10 of the Annual General Meeting on May 7, 2014, the Management received authorization to acquire treasury shares representing up to 10% of the capital stock for other purposes. Acquisitions can be made on the stock exchange or by means of a public purchase offer or in exchange for shares of a listed enterprise. The legal basis of this authorization is § 71 Abs. 1 Nr. 8 AktG (German Stock Corporation Act). This authorization is also limited until May 6, 2019. In accordance with the authorization granted under Agenda Item 11 of the above AGM, treasury shares representing up to 5% of the capital stock may be acquired by means of put and call optionsor forward purchases.

Total holdings of treasury shares of Allianz SE must not exceed 10% of the capital stock at any time.

Annual General Meeting 2014 - Item 9 of the agenda

Annual General Meeting 2014 - Item 10 of the agenda

Annual General Meeting 2014 - Item 11 of the agenda

  Dividend

What was the dividend for fiscal 2016?

The Annual General Meeting on May 3, 2017, decided a dividend for fiscal 2016 of 7.60 euros (previous year: 7.30 euros). 

Dividend

When does a share have to be in my securities account in order to qualify for a dividend?

The dividend entitlement date is always the day of the Annual General Meeting (evening). Thus, regarding the dividend for fiscal 2016, the effective date was May 3, 2017.

Timetable

When was the dividend for fiscal 2016 paid out? When was the share traded ex dividend?

Aiming at a harmonization of securities settlements in Europe, the German legislator amended the German Stock Corporation Act (AktG) to revise the due date for dividend payments effective from 2017. The dividend payment is not made on the first day following the Annual General Meeting, but on the third business day following the Annual General meeting (Wednesday, May 3, 2017). The dividend payment for the 2016 fiscal year was therefore made on Monday, May 8, 2017.

As of May 4, 2017, the share were traded ex dividend.

Timetable

Given a net income of about 7 billion euros for fiscal 2016, why were only 3.5 billion euros distributed to shareholders as dividend payments?

The sum of about 7 billion euros constitutes the consolidated net earnings of the Allianz Group, i.e. the aggregate profit which companies belonging to the Allianz Group have achieved as a whole (excluding Group-internal effects).

However, the Annual General Meeting, thus the shareholders of Allianz SE, decide on the appropriation of the net earnings achieved by Allianz SE as the holding company of Allianz Group, which amounted to 3.9 billion euros in 2016.

The Allianz SE net earnings differ from the consolidated net income of the Group as they do not include the total profits (or losses) of the companies that form the Group, but merely the dividends that these companies distribute to Allianz SE.Furthermore, the consolidated financial statement is based on the International Financial Reporting Standards (IFRS), while the financial statement of Allianz SE is based on HGB (= German GAAP).

You can find the complete consolidated income statement of Allianz SE, resulting in net earnings of 3.9 billion euros, in the Annual Report of Allianz SE.

Allianz Annual Report

How will the dividend be taxed?

Dividends will be taxed according to the rules applicable to the capital gains tax.

Capital Gains Tax

  Corporate Governance

What is Corporate Governance?

Questions regarding corporate management, control and transparency are summarized under "Corporate Governance". A company's corporate governance structure is determined by a varied regulatory framework that is shaped by statutory requirements, market self-control mechanisms and company-specific principles.

Essential elements of good Corporate Governance are:

  • open and transparent communication
  • absolute respect for the interests of shareholders
  • efficient cooperation of the Board of Management and Supervisory Board
Corporate Governance

What is the German Corporate Governance Code?

The German Corporate Governance Code summarizes the main statutory regulations for the management and supervision of German listed companies. Furthermore, it takes into account internationally and nationally recognized behavioral standards in the form of recommendations ("shall") and provides the companies with suggestions ("should/can") for sound and responsible corporate management and supervision.

The Governmental Commission "German Corporate Governance Code" is responsible for the initial compilation and the continuous review and refinement of the German Corporate Governance Code. The Commission has to review the Code for possible adjustments at least once a year, considering legislative and practical developments concerning corporate governance.

German Corporate Governance Code

Does Allianz affirm the German Corporate Governance Code?

Allianz understands responsible Corporate Governance as a central challenge and indispensable prerequisite for the creation of sustainable value for its shareholders as well as all other stakeholders. For this reason Allianzsupports the German Corporate Governance Code.

The Board of Management and the Supervisory Board provide an annual Declaration of Compliance regarding the Code. In terms of the principle "comply or explain" the declaration also contains possible deviations from the recommendations. This declaration is published in the Annual Report and on this website.

Declaration of Compliance of Allianz SE regarding the German Corporate Governance Code

Does Allianz publish the remuneration of the Board of Management and the Supervisory Board?

In compliance with recommendations from the German Corporate Governance Code, AllianzSE (formerly Allianz AG)is publishing an individual breakdown concerning the remuneration of the members of the Board of Management and Supervisory Board since fiscal year 2004.

Remuneration of the Board of Management

Who is on the Allianz Board of Management?

The Board of Management of Allianz SE currently is made up of ninemembers. Chairman of the Board of Management is Oliver Bäte. Click on the link for a list of the members of the Board of Management and their CVs.

Members of the Board of Management

Who is on the Allianz Supervisory Board?

The Supervisory Board is made up of 12 members, 6 of whom have been appointed by shareholders and 6 by employees. Chairman of the Supervisory Board is Michael Diekmann.

The link will take you to more information on the Supervisory Board of Allianz SE.

Supervisory Board

What is the "Code of Conduct"?

The Code of Conduct of Allianz Group sets minimum conduct standards for all Allianz employees worldwide in order to prevent situations which might question their integrity.

Code of Conduct of Allianz

What is the "Code of Ethics"?

Since 2003 Allianz SE has a "Code of Ethics" addressed to the members of the Board of Management and senior financial officers. It sets standards of ethical and righteous behavior in the personal and professional area, particularly regarding the handling of conflicts of interest and the application of the highest corporate disclosure standards.

Code of Ethics

  European company / Allianz SE

What is a European company / SE?

The European company (also: Societas Europaea - SE) is a legal form for companies in the EU. It was created on the basis of "Council Regulation (EC) No. 2157/2001 of 8 October 2001 on the European Company Statute (SE)" and "Council Directive 2001/86/EC of 8 October 2001 supplementing the European Company Statute with regard to the involvement of employees".

What decisions were necessary to convert Allianz AG into a European company?

On February 8, 2006 the Extraordinary General Meeting of Allianz AG approved the merger of Allianz AG with the Italian Riunione Adriatica di Sicurtà S.p.A. (RAS). After entering the merger in the commercial register, Allianz AG adopted the legal form of a European company (Societas Europaea - SE) and bears the name of Allianz SE.

Extraordinary General Meeting 2006

What advantages did the conversion into a European company offer Allianz AG?

The legal form of a European company contributes to Allianz having a uniform European image and simplifies restructuring efforts in the Group. The complete integration of the Riunione Adriatica di Sicurtà S.p.A. (RAS) into Allianz AG was from a legal point of view only possible if Allianz AG converted into a European company.The possibility of reducing the number of supervisory board members, in deviation of the rigid provisions of the German right of co-determination, increases the efficiency of the supervisory board. Furthermore, the supervisory board has more international members, as employee representatives from other European countries are also represented on the supervisory board.

Supervisory Board

Where is Allianz SE based?

Allianz SE is based in Munich. Its address is as follows:

Allianz SE
Königinstraße 28
80802 Munich
Germany

Phone: +49 89 3800 0
E-mail: info@allianz.com

Credits

What is the management structure of Allianz SE?

Two models are possible for the management of an SE: A two-tier structure consisting of a board of management as well as a supervisory board, similar to a German stock corporation. A one-tier structure that only consists of a board of directors and, where applicable, managing directors appointed by the board of directors.

Allianz SE continued to maintain its two-tier management structure consisting of a "Vorstand" (board of management) and an "Aufsichtsrat" (supervisory board). The supervisory board consists of 12 members. The supervisory board comprises six employee representatives from different European countries in line with the equal co-determination principle.

Board of Management

Supervisory Board

What was the impact of the conversion to a European company on the employee co-determination in the supervisory board?

Unlike under German law, the legal form of a SE does not require that the Supervisory Board is made up of equal numbers of employee representatives and employer representatives. However, Allianz will continue to apply the principle of equal representation under which employee representatives from various European countries are members of the Supervisory Board.

What meant the merger and the resulting conversion into a European company for the shareholders?

After the merger and the resulting conversion became effective, shareholders of Allianz AG have automatically become shareholders of Allianz SE. There are no other basic changes. Shareholders will continue to be entitled to take part at Annual General Meetings and to exercise their voting rights.

After the merger became effective, shareholders of Riunione Adriatica di Sicurtà S.p.A. (RAS) have automatically become shareholders of Allianz SE. In exchange for their RAS shares, RAS shareholders received shares of Allianz. The exchange ratio was 3 Allianz shares for 19 RAS ordinary shares or 19 RAS savings shares. The Allianz shares required for the swap were generated by a capital increase which was decided on by the Extraordinary General Meeting of Allianz AG on February 8, 2006.

  American Depositary Receipt (ADR)

What is an ADR?

"ADR" is the acronym for American Depositary Receipt. ADRs represent ownership in shares of foreign companies that trade on U.S. financial markets. They are a common way for U.S. investors to buy equity in non-U.S. companies without having to worry about the details of cross-border transactions. ADRs are priced in U.S. dollars, pay dividends in U.S. dollars and can be traded just like shares of U.S. companies. They are issued by a U.S. commercial bank (in the case of Allianz by JPMorgan Chase Bank) and represent a fixed number or a fixed fraction of foreign registered shares, depending on the ratio of ADRs to ordinary shares.

What are the benefits of holding ADRs?

For U.S. investors, ADRs eliminate many of the obstacles of holding non-U.S. securities since they trade and settle according to U.S. market practices, are quoted and traded in U.S. dollars and pay dividends in U.S. dollars. They eliminate custodian safekeeping charges in the issuer's home country and facilitate prompt dividend payments and corporate action notifications.

What is the ratio of Allianz ADRs to an ordinary share?

Each ADR is backed by a specific number of the issuer's local shares or a fraction thereof. This is called the ADR ratio, which is designed to set the price of each ADR in U.S. dollars in a price range competitive to the share price of the issuer's U.S. peer group. For Allianz, the ADR ratio is 10:1, i.e. 10 ADRs represent one Allianz ordinary share.

Who is Allianz's ADR depositary bank?

JPMorgan Chase Bank is the depositary bank for Allianz ADRs. Allianz ADRs are backed by registered shares held under custody in Germany in JPMorgan's name on behalf of Allianz ADR holders. As the depositary bank, JPMorgan performs the roles of registrar, transfer agent, record keeper and dividend paying agent. JPMorgan also coordinates the proxy voting process around the Annual General Meeting.

How can I hold Allianz ADRs?

There are two ways to hold ADRs. Either you hold ADRs through your usual bank or broker, in which case you are a "beneficial holder". Alternatively, you can hold your ADRs directly through JPMorgan Chase Bank as ADR depositary, in which case you are a "registered holder". You are then included in the company's ADR holder register that is maintained by Allianz's ADR depositary, JPMorgan. Registered holders of Allianz ADRs may hold their ADRs either physically in the form of a certificate or in dematerialized (book entry) form, evidenced by an account statement.

How can I buy and sell Allianz ADRs? Is there a direct purchase plan?

You can purchase Allianz ADRs through a U.S.-registered stock broker, just as you would purchase U.S. securities.

If you opt to be a registered holder, you may contact JPMorgan Chase Bank, Allianz's ADR depositary bank, at 866 367 6354 (toll-free) or +1 651 453 2128 (from outside the U.S.) or write to:

JP Morgan Chase Bank N.A.
P.O. Box 64504
St Paul, Minnesota 55164-0504
USA

Registered holders of Allianz's ADRs may conduct transactions online by going to JPMorgan's website www.adr.com | "Investors" and selecting "Access My Account". For account access details please contact JPMorgan.

www.adr.com

Where are Allianz ADRs quoted and traded?

Allianz ADRs are quoted and traded on OTCQX International under the ticker symbol AZSEY. Current trading information and further details can be found at:

www.otcqx.com

How can I find the ADR price?

The current price quote for Allianz ADRs is available on JPMorgan's website www.adr.com or on OTCQX's website www.otcqx.com. Please enter Allianz's ticker symbol AZSEY.

www.adr.com

www.otcqx.com

How can I check my shareholdings?

Beneficial holders will need to contact their broker. Registered holders may call Allianz's ADR depositary bank, JPMorgan Chase Bank, at +1 800 428 4237 or log in using the "Access My Account" button on the "Investors" page on JPMorgan's website www.adr.com.

If you do not have a user name and password to log in to JPMorgan's website, please contact JPMorgan by either calling toll free at 866 367 6354 (toll-free) or +1 651 453 2128 (from outside the U.S.) or writing to:

JP Morgan Chase Bank N.A.
P.O. Box 64504
St Paul, Minnesota 55164-0504
USA

www.adr.com

Why did Allianz decide to delist its American Depositary Shares (ADRs) from the New York Stock Exchange (NYSE) and to deregister from the Securities and Exchange Commission (SEC)?

Investors focus on the stock exchange with the highest liquidity for a stock. Less than 10% of the total U.S. investment in Allianz’s shares are held in the form of American Depositary Receipts (ADRs), over 90% is traded in Allianz's ordinary shares. For those investors who prefer ADRs, our ADR will continue to trade in the U.S. over-the-counter market on the basis of a "Level I" ADR Program.

What is an ADR Level I Program?

A "Level I Program" trades on the U.S. over-the-counter (OTC) market instead of a stock exchange. Contrary to a stock exchange listing, a registration of securities with the U.S. Securities and Exchange Commission (SEC) is not required.

How do I receive dividends from my ADRs?

You are entitled to receive dividends in U.S. dollars if you are a holder of Allianz ADRs on the dividend entitlement date. The dividend entitlement date is always the day of the Annual General Meeting.

Dividend payment to ADR holders

When will the ADR dividend for fiscal 2016 be distributed?

The ADR dividend for fiscal 2016 will be distributed on May 15, 2017. Dividend entitlement date was on May 3, 2017 (= date of the Annual General Meeting).

Dividend payment to ADR holders

What is the exchange rate used in converting the euro dividend amount to U.S. dollars?

The exchange rate used in converting the euro amount of the dividend to U.S. dollars derives from the prevailing market price of the euro currency, on the day the euro funds are received by JP Morgan, which is the ordinary shares' dividend payment date.

Do I have voting rights through my ADRs at the Annual General Meeting?

As an ADR holder, you can vote the equivalent number of underlying shares as represented by your Allianz ADR holdings at the Annual General Meeting. You will receive your proxy card through your usual financial intermediary if you are a beneficial holder and through JPMorgan if you are a registered holder in sufficient time before the Annual General Meeting.

How can I attend the Annual General Meeting?

ADR holders can request a non-voting guest admission ticket to attend the Annual General Meeting by either calling 866 367 6354 (toll-free) or +1 651 453 2128 (from outside the U.S.) or writing to:

JP Morgan Chase Bank N.A.
P.O. Box 64504
St Paul, Minnesota 55164-0504
USA

In order to vote the Allianz shares represented by your Allianz ADR holdings, you have to complete your proxy card.

Can I exchange my ADRs in Allianz ordinary shares?

You may cancel your ADRs to receive German shares. In order to do so, you must have a German securities account.

The normal procedure is to ask your U.S. broker to cancel the ADRs and deliver the corresponding ordinary shares to your own securities account in Germany.

If you are on the register of JPMorgan, you need to call the JPMorgan Service Center at 866 367 6354 (toll-free) or +1 651 453 2128 (from outside the U.S.) and instruct the cancellation.

As a depositary bank, JPMorgan may charge the broker up to 5 cents per ADR issued or cancelled. The broker may have additional costs for this transaction.

What should I do if I have lost my ADR certificate?

You may cancel your ADRs to receive German shares. In order to do so, you must have a German securities account.

The normal procedure is to ask your U.S. broker to cancel the ADRs and deliver the corresponding ordinary shares to your own securities account in Germany.

If you are on the register of JPMorgan, you need to call the JPMorgan Service Center at 866 367 6354 (toll-free) or +1 651 453 2128 (from outside the U.S.) and instruct the cancellation.

As a depositary bank, JPMorgan may charge the broker up to 5 cents per ADR issued or cancelled. The broker may have additional costs for this transaction.