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Allianz completes sale of its stake in UniCredit Allianz Vita to UniCredit

Allianz SE | Munich | Jun 20, 2025

  • All other partnerships between Allianz and UniCredit are unaffected
  • Allianz receives a consideration of approx. 0.8 billion euros
  • Transaction was announced in September 2024

Today, Allianz SE announced that it has closed the sale of its 50 percent stake in UniCredit Allianz Vita SpA, the life insurance joint venture with UniCredit Group in Italy, to UniCredit for a total consideration of approx. 0.8 billion euros. Allianz will record a gain of approx. 0.2 billion euros on the sale, and the impact on Allianz’s Group Solvency II ratio is expected to be approx. +1 percentage point.

The transaction was originally announced in September 2024 and follows the existing agreement with UniCredit under which UniCredit decided to exercise its right to acquire all shares in UniCredit Allianz Vita SpA.

This transaction does not affect Allianz’s and UniCredit’s successful non-life joint venture in Italy, UniCredit Allianz Assicurazioni SpA, or any other partnerships between the two companies.

For further information please contact:

Frank Stoffel
Allianz SE
+49 89 3800 18124
Send email
Fabrizio Tolotti
Allianz SE
+49 89 3800 14819
Send email
Heidi Polke
Allianz SE
+49 89 3800 99777
Send email

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with around 128 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 768 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the group.
* As of December 31, 2024. Including non-consolidated entities with Allianz customers.
** As of March 31, 2025.

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