Allianz reports strong operating profit of 3.0 bn euros in 3Q 2019. FY operating profit outlook in upper half of target range

Allianz Group closed another successful quarter with a strong business performance. Dynamic revenue development and robust profitability in all business segments are evidence of our strategy execution and support our full-year outlook.

Allianz X invests in Fundbox, the world’s first B2B payment and credit network

Allianz X, the digital investment unit of the Allianz Group, announced today an investment in the US-American B2B platform Fundbox as part of a Series C financing round. Headquartered in San Francisco, Fundbox deploys big data analytics, engineering, and predictive modelling to help small businesses optimize their cash flows with outstanding invoices.

Allianz strengthens its presence in Brazil

Allianz has agreed to acquire automobile and other Property-Casualty operations from SulAmérica. The acquisition will strengthen the competitive position of Allianz Seguros S.A. (Allianz Brasil), making it one of the top 3 insurers with a market share of around 15 percent in motor and 9 percent in Property-Casualty insurance and may establish Allianz as the number 2 in motor insurance.

Allianz X co-leads 99.co’s Series B funding round

Allianz X, the digital investment unit of the Allianz Group, has announced an investment in 99.co, a digital real estate platform and brokerage company. This is Allianz X’s first investment in a Singapore-headquartered company. 99.co helps users and agents in Singapore and Indonesia make informed real-estate decisions by merging geolocation and deep market data.

Allianz reports strong profitability in 2Q 2019, operating profit outlook for full-year confirmed

After a successful start into 2019, Allianz Group continued with a very strong operating performance in the second quarter of the year. At the heart of this result is Allianz’ focused strategy, strong execution, and its diversified business portfolio.

Arabesque S-Ray partners with Allianz X, Commerz Real, DWS, and Land Hessen

Arabesque S-Ray, a leading global data provider of environmental, social, and governance (ESG) metrics, has announced strategic partnerships with four new co-investors: Allianz X, Commerz Real AG, DWS Group, and Land Hessen. Allianz X led Arabesque’s Series A funding round, with the four shareholders jointly investing $20 million.

Allianz and QUEST Investment Partners acquire Focus Teleport office complex in Berlin through new joint venture

Allianz and QUEST Investment Partners have formed a new 50:50 joint venture to acquire Focus Teleport, a fully leased office complex in central Berlin which will be upgraded over time in line with Allianz Real Estate’s manage to core strategy.

Allianz to invest further in Indian toll roads

IndInfravit Trust and SIPL have executed definitive agreements whereby IndInfravit has agreed to purchase the entire equity shareholding of SIPL in nine of SIPL’s operational road projects from SIPL. IndInfravit, sponsored by L&T IDPL, currently holds a portfolio of five operational toll road concessions. Other unitholders include Allianz insurance companies represented by Allianz Capital Partners, CPPIB and OMERS Infrastructure.

Resolution of Allianz Popular bancassurance alliance in Spain

Allianz and Banco Santander have reached a settlement agreement under which Allianz will sell its 60 percent stake in Allianz Popular SL to Banco Santander. Banco Santander will pay 936.5 million euros for the acquisition of 60 percent in Allianz Popular SL and for the termination of the exclusive non-life distribution agreement with Allianz’s operating entity in Spain.