Financials

Mar 20, 2018

Allianz X co-leads European mobile bank N26’s Series C round

Allianz X, the digital investment unit of the Allianz Group, announced that it co-led N26’s $160 million Series C funding round and joins its Board of Directors alongside a list of notable investors. The funding round includes contributions from additional investors, including existing shareholders. “N26 is a clear frontrunner in mobile banking,” said Solmaz Altin, Chief Digital Officer of the Allianz Group.

Feb 27, 2018

Allianz X invests $30 million in working capital marketplace C2FO

Allianz X, the digital investment unit of the Allianz Group, announced a $30 million investment in C2FO, a fintech business that connects buyers and suppliers of goods and services with working capital funding needs.

Feb 16, 2018

Allianz delivers strong 2017 results, proposes 5 percent dividend increase

Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.

Feb 02, 2018

Allianz to acquire Janashakthi General Insurance Limited in Sri Lanka

Allianz, the global financial services leader, announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100 percent of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for 16.4 billion Sri Lankan rupees (85.9 million euros). The transaction is subject to regulatory approval and is expected to complete in the first quarter of 2018.

Jan 10, 2018

Allianz Suisse to acquire DAS Switzerland

Allianz Group has agreed to acquire the legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG. The acquisition will strengthen the competitive position of Allianz Suisse, making it one of the top three firms offering legal protection coverage in Switzerland.

Jan 08, 2018

Allianz invests $59 million in strategic partnership with American Well® to address global health challenges

Allianz has agreed to a $59.2 million investment and strategic partnership with leading telehealth platform American Well to develop digital solutions that will widen access, lower cost and improve quality of healthcare for millions of patients worldwide. Allianz X, the digital investment unit of Allianz, led the investment and will join American Well’s Board of Directors.

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