Allianz has agreed to acquire the remaining 33.5 percent stake in Allianz Irish Life Holdings plc (AILH) not already owned by Allianz Group. Allianz aims to increase its stake in AILH from 66.5 percent currently to 100 percent.
Allianz has successfully concluded the sale of Allianz Life Insurance Korea to Anbang Group Holdings. The transaction, announced in April, followed an extensive review by Allianz to secure long-term growth for Allianz Life Insurance Korea
Allianz is co-financing a pan-European property portfolio facility that was arranged and underwritten by Aareal Bank AG. Allianz’s share in this financing, which totals €610 million, amounts to €366 million and is granted for a 10-year term
Quad Gas Group, a consortium of long-term infrastructure investors, today announces that it has entered into an agreement with National Grid plc to acquire a 61 percent shareholding in its four regulated gas distribution networks.
Allianz Group, Europe’s largest insurer and asset manager, saw operating profit in the third quarter rise 18.2 percent to 2.9 billion euros, driven by contributions from all business segments. The Life and Health segment produced the strongest results with contributions from all large operating entities.
Allianz Group and International Finance Corporation (IFC), a member of the World Bank Group, today have signed a partnership under the Managed Co-Lending Portfolio Program. Under the agreement, Allianz intends to make an investment of $500 million which will be co-invested alongside IFC debt financing for infrastructure projects in emerging markets worldwide.
Today OMV, the international integrated oil and gas company based in Vienna, OMV Gas & Power GmbH (OGP) and the Consortium composed of Allianz, Europe´s largest insurer, and Snam S.p.A., Italy’s gas infrastructure operator, signed an agreement for the sale and purchase of a 49% minority stake in Gas Connect Austria GmbH (GCA).
Allianz in Asia Pacific posted healthy operating profit in the first half of 2016, demonstrating portfolio resilience and strength in its core distribution channels, even as market conditions continued to be challenging. The business delivered underlying operating profit of € 134 million, in line with the previous year. This excludes the one-off impact from the expected sale of Allianz’s South Korean business.
Allianz Real Estate Germany has sold a group of 9 office buildings to one of the institutional funds managed by Patrizia Immobilien AG. Objects in Duesseldorf, Frankfurt, Hamburg, Hannover, Munich and Stuttgart are involved.
Acquisition officially approved by the Dutch central bank and Dutch Authority for Consumers & Markets / Acquisition concerns the active commercial P&C portfolio (some €90 million) and two run-off portfolios / Operations transferred to Allianz
Allianz, the leading global financial services company, today announced that it has completed the 51% stake acquisition of PNB Life Insurance Inc., the life insurance subsidiary of Philippine National Bank (PNB). The company concurrently announced the appointment of Olaf Kliesow as CEO of the new joint venture, effective 6th June 2016.
Allianz and State Street Corporation have today announced tax equity financing in exchange for partial interest in the Colbeck’s Corner LLC Wind Farm ("Colbeck’s Corner") owned by E.ON Climate and Renewables in North America LLC ("EC&RNA").
May 11, 2016 |
Total revenues down 6.4 percent to 35.4 billion euros / 1Q operating profit fell by 3.5 percent to 2.8 billion euros / Net income attributable to shareholders up 20.5 percent to 2.2 billion euros / Solvency II capitalization eased to 186 percent / Operating profit outlook for 2016 of 10.5 billion euros, plus or minus 500 million euros confirmed More...
Allianz Taiwan Life Insurance Co. Ltd. has reached an agreement with Taiwan Life Insurance Co. Ltd., headquartered in Taipei, Taiwan, to sell a traditional life insurance portfolio of Allianz Taiwan Life to Taiwan Life Insurance.
Anbang Insurance Group, a global insurance group headquartered in Beijing, China, and Allianz SE, an international financial services company headquartered in Munich, Germany, jointly announced in South Korea the signing of a sale and purchase agreement by which Allianz Group is to sell Allianz Life Insurance Korea and Allianz Global Investors Korea to Anbang Insurance Group. The transaction follows an extensive review by Allianz to secure long-term growth for Allianz Life Insurance Korea and Allianz Global Investors Korea.
Allianz buys three additional wind parks in Finland / Acquisitions in Joukhaisselkä, Kuolavaara-Keulakkopää and Saarenkylä / Finnish wind portfolio of Allianz allows the electricity demand of around 95,000 households to be satisfied
Feb 19, 2016 |
Total revenues reach new high of 125.2 billion euros, up 2.4 percent / 2015 operating profit up 3.2 percent to 10.7 billion euros / 4Q operating profit up 14.5 percent to 2.6 billion euros / Solvency II capitalization strong at 200 percent / Board of Management to propose dividend of 7.30 euros per share / Board of Management confident for 2016 – outlook operating profit: 10.5 billion euros, plus/minus 500 million euros More...
Combination will complement and further strengthen AllianzGI's client offering in fixed income; and provide greater distribution potential for RGP's strategies while preserving the integrity of its investment team and process.
Allianz is investing in progress across many different sectors such as infrastructure, services and sewage disposal projects. Porterbrook, the Colchester Garrison and the Tideway Tunnel are three examples of traditional projects and how they are going to be improved in the future.
Acquisition of active commercial P&C portfolio (approximately 90 million euros) and authorized agents and co-insurance P&C run-off portfolio / Aegon employees who handle the portfolio will join Allianz / Dutch P&C market share of Allianz increases by more than 10 percent / Transaction emphasizes the value of the Dutch commercial market and brokers for Allianz
Allianz Capital Partners (ACP) has further expanded its renewable energy investments both in volume and geographically. By signing an acquisition agreement with the wind power company OX2 for six turbines, ACP has successfully entered the Finnish market and further diversified its portfolio.
Acquisition of 51 percent of PNB Life Insurance Inc. / 15-year exclusive bank distribution agreement with the 4th largest private commercial bank in the Philippines / Transaction aims for growth through strategic partnerships in important insurance markets
Current shareholders Euler Hermes (50.1%) and EOS (49.9%) intend to sell 100% of their shares to CRIF, with a closing expected in February 2016 / International business information group CRIF is an ideal candidate and provides continuity / Euler Hermes and EOS will maintain their long standing business relationships with Bürgel in the future
Aware of the two-degree-target of the Paris climate negotiations as well as the economic risks involved, CEO Oliver Bäte announced that Allianz will stop financing coal-based business models. It will no longer invest in companies that derive more than 30 percent of revenue from coal mining or generate over 30 percent of their energy from coal.
Allianz targets average annual EPS growth of 5 percent through 2018 / Group targets RoE of 13 percent / Allianz sets targets for organizational health, especially customer satisfaction and leadership culture
Nine-month operating profit stable at 8.15 billion euros / Nine-month net income attributable to shareholders up 3.9 percent to 5.20 billion euros / Quarterly operating profit down 7.5 percent to 2.45 billion euros / Quarterly net income attributable to shareholders decreases by 15.4 percent to 1.36 billion euros / Targeted shift in Life product mix improves profitability for new business / Strong Solvency II capitalization of 200 percent
Volkswagen, Allianz, BASF and Bayer aim to establish “DCSO Deutsche Cyber-Sicherheitsorganisation GmbH” / Collaboration with Federal Ministry of the Interior (BMI) and Federal Office for Information Security (BSI) / DCSO to function as competence center for German industry
Maiden Holdings, Ltd. ("Maiden") (NASDAQ:MHLD) and Allianz Global Automotive (“Allianz”) today announced a significant expansion of their long standing partnership focused on developing branded insurance solutions to automotive original equipment manufacturers (“OEMs”) and their customers. The partnership will bring together the unique skills and capabilities of both companies to assist automotive OEMs to strengthen their consumer value proposition.
Total revenues rise 2.4 percent to 30.2 billion euros / Operating profit increases 2.6 percent to 2.84 billion euros / Net income attributable to shareholders up 15.0 percent to 2.02 billion euros / Solvency II capitalization increases to 212 percent / Allianz confirms operating profit outlook for 2015 at upper end of target range at 10.8 billion euros
Allianz Capital Partners GmbH (ACP), Borealis Infrastructure Management Inc. (Borealis), Infinity Investments SA, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and MEAG, Munich Re (Group)’s asset manager, (Consortium), signed an agreement to acquire 100% of Autobahn Tank & Rast Holding GmbH from Terra Firma Capital Partners and a fund managed by Deutsche Asset and Wealth Management for an undisclosed sum.
Allianz expands its regional focus and further diversifies its portfolio / Investments in Renewable Energy exceed 2.5 billion euro milestone / Capable of supplying the annual electricity needs of 800,000 European households, enough to power a city the size of Barcelona
Total revenues of 37.8 billion euros / Operating profit of 2.86 billion euros / Net income attributable to shareholders of 1.82 billion euros / Allianz confirms operating profit outlook for 2015 of 10.4 billion euros, plus/minus 400 million euros
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2015 of 37.8 (first quarter of 2014: 34.0) billion euros. This represents an increase of 11.2 percent compared to the previous year.
Total revenues at 7.9 billion euros / operating profit at 429 million euros / Exclusive bancassurance partnership with HSBC with strong results / Focus on building regional digital capacity and multi-access for customers
Total revenues stable at 2.44 billion euros / Operating profit dropped to minus 131 million euros, particularly affected by Brazil / Argentina shows remarkable growth / Recovery plan, including business model shift, set up in Brazil
Revenues up 10.4 percent to 122.25 billion euros / Operating profit grows 3.3 percent to 10.40 billion euros / Net income attributable to shareholders rises 3.8 percent to 6.22 billion euros / New dividend policy leads to proposed dividend of 6.85 euros per share / Operating profit outlook for 2015: 10.4 billion euros, plus/minus 400 million euros
Allianz has acquired a 56 percent shareholding in the Colchester Garrison Private Finance Initiative (PFI) project from two of InfraRed Capital Partner’s managed funds, HICL Infrastructure Company and InfraRed Infrastructure Yield Fund. PFI is a programme by the UK government to modernize public infrastructure with private capital.
Allianz Australia has entered into an agreement with the Government of the Northern Territory to purchase the general insurance business of the Territory Insurance Office (TIO) and enter into a 10 year agreement to manage the Government Motor Accidents Compensation scheme.
Total revenues increase 14.5 percent to 28.78 billion euros / Operating profit up 5.2 percent to 2.65 billion euros / Net income attributable to shareholders grows by 11.2 percent to 1.61 billion euros / Operating profit outlook confirmed: upper end of target range of 10.5 billion euros in reach / New dividend policy increases pay-out ratio to 50 percent of Allianz Group net income
The board of management and the supervisory board of Allianz SE have decided to alter their dividend policy to target an increase in pay-out ratio from 40 to 50 percent of the Allianz Group net income (attributable to shareholders).
Alberta Investment Management Corporation (“AIMCo”), on behalf of certain of its clients, Allianz Capital Partners (“ACP”), the in-house investment platform for alternative investments of Allianz Group and Hastings Funds Management (“Hastings”) have reached an agreement to purchase Porterbrook Rail Finance Limited (Porterbrook), one of the three major rolling stock leasing companies in the UK.
Allianz in Latin America delivered solid results for the first half of 2014 in challenging economic circumstances. Total revenues went down to 1,084 (2013: 1,386) million euros – a decline of 22 percent, driven by unfavorable foreign currency exchange effects and volume reductions mainly in Brazil in the property and casualty business.
Total revenues rise 10.0 percent to 29.46 billion euros / Operating profit climbs 17.1 percent to 2.77 billion euros / Net income attributable to shareholders up 10.5 percent to 1.76 billion euros / Shareholders’ equity grows by 9.8 percent to 55 billion euros vs. year-end 2013 / Allianz confirms operating profit outlook for 2014 of 10.0 billion euros, plus/minus 0.5 billion euros – upper end of target range in reach
Total revenues of 33.96 billion euros / Operating profit of 2.72 billion euros / Net income attributable to shareholders of 1.64 billion euros / Continued healthy capital position / Allianz confirms operating profit outlook for 2014 of 10.0 billion euros, plus/minus 0.5 billion euros
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2014 of around 34 billion euros, the highest quarterly revenues in the company’s history. Total revenues for the first quarter the year before were 32.0 billion euros.
Ever since entering Sri Lanka in 2005, Allianz has grown constantly. A big boost came with the end of the civil war in the island nation off the coast of India. Now, in addition to benefiting from the growing prosperity there, Allianz is also trying to spread its name and strong reputation. How this works in a market, where the ad spend of the insurance industry is amongst the highest worldwide, explains Surekha Alles, CEO Allianz Sri Lanka.
Total revenues at 2.68 billion euros reflecting positive growth / Operating profit at 141 million euros / Number of customers up 6.5 percent / Further efficiency gains due to rollout of new IT platform
Revenues at 3.5 billion euros / Operating profit at 252 million euros / Regulatory changes in Poland strongly impact Life/Health business / Pension Fund and Asset Management business continues to grow, reaching 9.8 billion euros total assets under management
Revenues up 4.1 percent to 110.8 billion euros / Operating profit grows 7.8 percent to 10.1 billion euros / Net income attributable to shareholders rises 14.6 percent to 6.0 billion euros / Solvency ratio of 182 percent / Proposed dividend of 5.30 euros per share, an increase of 18 percent / Operating profit outlook for 2014: 10.0 billion euros, plus/minus 500 million euros
Allianz welcomes the agreement that has been reached last night between the European Parliament, the Council and the Commission on the Omnibus II Directive, which will update the Solvency II Directive of 2009.
Revenues stable at 25.1 billion euros / Operating profit of 2.5 billion euros remains at high level / Net income attributable to shareholders rises 6.3 percent to 1.4 billion euros / Outlook: expected 2013 operating profit slightly above target range
3i Group plc (“3i”), an international investor, has signed an agreement with existing co-shareholder, Allianz Capital Partners (“ACP”), the captive, alternative asset investment platform of Allianz Group, to acquire their stake in Scandlines. 3i, and funds managed by 3i, will consequently become majority shareholders.
The Allianz Chief Financial Officer is not just in charge of delivering the numbers. In an interview with the German financial daily “Börsen-Zeitung” in early October, Dieter Wemmer discussed the broader role of today’s CFO. He also talked about developments in Allianz’s business, its successes and the challenges it faces ahead.
Allianz invests around 500 billion euros for its insurance customers - roughly the same amount as the Dutch economy generates in the space of a year. Most of these funds are invested in bonds, as well as in equities and real estate. But Allianz also exploits other opportunities to generate additional returns for its customers.