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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
+49 151 5995 6396
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, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 770 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.

* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only

.** As of March 31, 2026.

Cautionary note regarding forward-looking statements

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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