Allianz is committed to helping refugees in Munich

Allianz SE | Munich | Mar 24, 2022

Allianz is supporting the city of Munich in its efforts to help incoming refugees from Ukraine.

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Allianz is donating 500,000 euros to the city of Munich
Initial aid and support in everyday life for Ukrainian refugees
Allianz has close ties with the city of Munich

At the end of February, shortly after the invasion of Ukraine, Allianz SE donated 10 million euros for humanitarian purposes, of which 500,000 euros will go as a donation to the city of Munich.

"Allianz and many of its employees have close ties with the city of Munich," says Renate Wagner, Chief Human Resources Officer at Allianz Deutschland AG. "The headquarters of our Group is in Schwabing. It is therefore natural for us to support the city, but also the aid organizations involved, in dealing with this humanitarian crisis."

The donations to the city of Munich will in part be used to provide initial supplies for people who have fled the war zone. In addition, organizations and projects that support refugees in Munich in this difficult situation, including in their everyday lives, will be funded.

Many Allianz employees and tied agents also donate to the German Red Cross. Allianz matches these donations up to an amount of 2.5 million euros. "The commitment of our employees to help is very high, and I am pleased that the constantly growing donation level has already reached the first million. Many are also volunteering or providing housing and shelter for refugees. Together we are doing our best to aid both the refugees and the people in Ukraine," says Klaus-Peter Röhler, Chairman of the Board of Management of Allianz Deutschland AG.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 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 717 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 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 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.

*Including non-consolidated entities with Allianz customers.
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.