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Allianz delivers a strong finish to 2020

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments.

Allianz X invests 34.5 million euros in Canadian fintech Purpose Financial

Allianz X, the digital investment unit of Allianz, has acquired a stake in the Canadian fintech company Purpose Financial. In a dedicated financing round, Allianz X invested in newly issued shares for the equivalent of 34.5 million euros, making it the second-largest external shareholder.

Allianz China Life to become wholly-owned subsidiary of Allianz China Insurance Holding

Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 percent shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. After the transaction, AZCL will become a wholly-owned subsidiary of AZCH.

BBVA Allianz Seguros begins operations in Spain

BBVA Allianz Seguros, the bancassurance joint venture between Allianz Seguros and BBVA announced in April of this year, begins its operations in Spain. The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions.

Allianz agrees to purchase Westpac’s General Insurance business

Allianz today announced it has agreed to purchase the general insurance business of Westpac, and enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers.

Allianz achieves 2.9 billion euros operating profit in 3Q 2020

After a short period of economic recovery, the recent increase in infection rates has led many governments to intensify containment measures again to limit the spread of COVID-19. As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid performance in all business segments nine months into the year.

Allianz and Telefónica create a partnership to deploy fiber in Germany through an open wholesale company

Allianz and Telefónica have reached an agreement for the creation of a joint venture to deploy Fiber-to-the-Home (FTTH) in Germany. Following closing, Allianz Group and Telefónica Group will each hold 50 percent in the joint venture company under a co-control governance model.

Allianz to invest in Portuguese gas distributor Galp Gás Natural Distribuição

Allianz Capital Partners on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund has signed an agreement to purchase from Galp Energía S.A. a 75 percent stake in Galp Gás Natural Distribuição.

Allianz has more than 100 wind and solar parks with its first investments in Poland

Allianz Capital Partners on behalf of Allianz insurance companies (“Allianz”) has closed the acquisition of its first renewable energy installations in Poland from ENERTRAG, consisting of nine sites split into two projects, Dargikowo and Karlino. With these additions, Allianz now owns more than 100 wind and solar parks.