Financials

Aug 30, 2017

Allianz expands African footprint with acquisition of Ensure Insurance in Nigeria

Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc from its core shareholder Greenoaks Global Holdings Ltd (GGH). Ensure Insurance Plc offers life and non-life insurance services and generated 11 million euros in gross premiums written in 2016.

Aug 04, 2017

Allianz delivers 83.4 percent rise in 2Q 2017 net income to 2.0 billion euros

Allianz achieved very good results in the second quarter of 2017. Total revenues grew by 2.0 percent to 30.0 billion euros. All business segments contributed to this increase with the majority coming from our Life and Health business segment. Operating profit amounted to 2.9 billion euros, an increase of 22.9 percent, supported by all business segments, in particular by our Property and Casualty business.

Aug 04, 2017

Allianz and LV= agree joint venture to create third largest personal insurer in the UK market

Allianz Group and Liverpool Victoria Friendly Society (LV=) have agreed to launch a joint venture and a longer-term strategic partnership in the UK, creating a general insurance business with over 6 million customers and gross premiums written in excess of 1.7 billion pounds.

Aug 03, 2017

Allianz and Canada Pension Plan Investment Board to invest in Gas Natural Fenosa’s gas distribution business in Spain

Allianz Capital Partners and Canada Pension Plan Investment Board, through its wholly owned subsidiary, CPP Investment Board Europe S.a.r.l., signed an agreement with Gas Natural Fenosa to acquire a 20 percent minority equity interest in its gas distribution business in Spain.

Jul 26, 2017

Allianz Group 2Q 2017 operating profit up 23 percent due to improvements in all segments

Based on preliminary figures, Allianz Group achieved a 23 percent increase in operating profit in the second quarter of 2017 to 2.9 billion euros (second quarter of 2016: 2.4 billion euros). Total revenues rose 2.0 percent to 29.994 (29.402) billion euros in the second quarter. Net income attributable to shareholders rose 83.4 percent in the second quarter to 2.0 (1.1) billion euros.

Jul 26, 2017

Allianz, EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Italia

A consortium made up of Allianz, EDF Invest and DIF has completed the acquisition of a 6.94 percent stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5 percent shareholding announced in April 2017 by use of a call option to acquire additional shares.

May 24, 2017

Allianz and Capital One complete U.S. wind investment

Allianz and Capital One are investing tax equity in the recently completed Broadview Wind Farm, located along the New Mexico-Texas border. The wind project is owned by Pattern Energy Group Inc.

May 12, 2017

Allianz reports a strong start into 2017

Allianz Group recorded total revenues of 36.2 (first quarter of 2016: 35.4) billion euros in the first quarter of 2017, with all segments contributing to the 2.5 percent increase. Operating profit grew by 9.4 percent to 2.9 billion euros, driven by a strong performance of the Life and Health and Asset Management business segments.

May 03, 2017

New Supervisory Board of Allianz SE elected

The Annual General Meeting of Allianz SE has elected a new Supervisory Board today with Michael Diekmann to replace Dr Helmut Perlet as Chairman. In addition, Sophie Boissard, Chairwoman of the Board of Management of Korian S.A., Paris, and Herbert Hainer, former CEO of adidas AG, have been newly appointed as members of the Supervisory Board.

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