Allianz reports 11.9 billion euros operating profit in 2019 – the fifth consecutive increase

Allianz Group achieved outstanding results in revenues, operating profit and net income in 2019 despite a further decline in interest rates. Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 5.9 percent, driven by all business segments.

Allianz SE resolves on new share buy-back program with a volume of up to 1.5 billion euros

Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1.5 billion euros. The program shall start in March 2020 and be finalized by December 31, 2020 at latest. Allianz SE will cancel all repurchased shares

Allianz enters JV agreement with AEON Financial Service

Allianz SE has entered into an agreement to form a life insurance joint venture (JV) with AEON Financial Service (AFS) to develop and market life insurance solutions for local customers in Japan.

Allianz completes purchase of LV GIG and General Insurance division of Legal & General

Allianz Holdings plc has completed the planned acquisition of the remaining 51 percent of the LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total consideration by Allianz for 100 percent of LV GIG will be up to 1.078 billion pounds.

Allianz X and Debeka invest in SDA SE Open Industry Solutions

Allianz X, the digital investment unit of the Allianz Group, and Debeka, a German insurance and financial services provider, have invested in SDA SE Open Industry Solutions. Together with existing investors SIGNAL IDUNA and the msg group, the new strategic partners will support the development of a new standard for setting up and delivering digital services in the insurance industry.

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.