AllianzGI and Voya Financial announce plans to enter long-term strategic partnership

Allianz Global Investors (“AllianzGI”) announced today that it had entered into a memorandum of understanding (“MOU”) with Voya Financial relating to a strategic partnership whereby AllianzGI would transfer selected investment teams and assets comprising most of its US business (“AGI US”) to Voya Investment Management (“Voya IM”) in return for an up to 24% equity stake in the enlarged asset manager.

Allianz SE announces resolution of U.S. governmental investigations concerning Structured Alpha with a guilty plea by AGI U.S. Allianz SE also announces signing of a MoU for a new long-term partnership

Allianz SE announces that its indirect subsidiary Allianz Global Investors U.S. LLC (“AGI U.S.”) today has entered into settlements with the U.S. Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) in connection with the Structured Alpha matter.

Allianz achieves 3.2 billion euros operating profit

Allianz achieved 3.2 billion euros in operating profit. The Group is on track to meet full-year targets.

Allianz SE books provision in Q1 2022 for Structured Alpha

Allianz SE books provision in Q1 2022 for Structured Alpha to address the remaining financial exposure in relation to compensation payments and under any resolution of the governmental proceedings.

Sanlam and Allianz join forces to create African insurance giant

Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent.

Allianz Ayudhya Capital PCL (AYUD) to acquire Aetna Thailand, further expanding its presence in the Thai insurance market

Allianz Ayudhya Capital PCL (AYUD) has entered into an agreement to acquire 100% of shares of Aetna Thailand, a prominent player in the Thai health insurance market. The acquisition reaffirms the company’s commitment to further invest and expand its health insurance business to benefit customers in Thailand.

Allianz posts strong results

Strong operating results in all business segments underpin confidence for 2022.

Allianz to book a provision with respect to risks relating to the AllianzGI U.S. Structured Alpha Funds in the financial statements 2021; Allianz resolves on new share buy-back of up to 1 billion euros

With respect to the pending court and governmental proceedings in the U.S. in relation to the Structured Alpha Funds, Allianz anticipates settlements with major investors in those Funds shortly. In anticipation thereof and in light of current discussions with U.S. governmental authorities, Allianz decided to book a provision of 3.7 billion euros in the financial statements 2021. Allianz SE has further resolved on a new share buy-back program for 2022.

Allianz announces share purchase agreements to acquire 72 percent of European Reliance; Launch of a voluntary tender offer for European Reliance shares outstanding

Allianz SE today announced it is entering into certain Share Purchase Agreements (“SPAs”) to acquire 72 percent of European Reliance General Insurance Company SA (“European Reliance”), a leading Greek insurer with 223 million euros in gross written premiums (GWP), with a network of 110 retail offices and 5,667 agents.