The real estate portfolio of Allianz continued to grow in the first half of 2018. Allianz Real Estate, the real estate investment and asset manager of the Allianz Group, expanded its global presence and continued to diversify across direct and indirect equity and debt asset classes reaching 60.1 billion euros in assets under management at the end of June 2018 (56.4 billion euros at the end of 2017).
PIMCO, one of the world’s premier fixed income investment managers, announces that it has agreed to acquire Gurtin Municipal Bond Management (Gurtin), a specialist municipal bond manager. Combined, PIMCO and Gurtin will manage $38 billion in dedicated municipal bond assets and offer clients a more extensive and enhanced suite of strategies and services, backed by broader muni credit research, enhanced technology and outstanding client service.
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Partners has agreed to acquire 100 percent of the share capital of Servicios Compartidos Multiasistencia, S.L. (Multiasistencia group) from private equity funds managed by Portobello Capital, and minority shareholders. Multiasistencia is a leading multinational services company for repair-in-kind solutions for homes and businesses on behalf of insurance companies and other intermediaries.
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in 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 18.2 million euros in gross premiums written in 2017.
Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1 billion euros. The program shall start on July 4, 2018 and be finalized by September 30, 2018.
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz Group announced that it is deepening its exposure to digital wealth management through a further investment in Moneyfarm amid rising demand from digitally-native savers and investors. Building on an initial investment from September 2016, the Group’s asset management unit, Allianz Asset Management, will become Moneyfarm’s lead investor and the largest minority shareholder.
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz X, the digital investment unit of the Allianz Group, has announced a $35 million investment in GO-JEK, the leading Indonesian ridehailing platform that also offers various consumer on-demand and payment services. This is Allianz X’s first investment in a Southeast Asian-headquartered company and fourth transaction in 2018. Allianz becomes GO-JEK’s sole international insurance shareholder.
Allianz is providing financing of 75 million euros and $25 million, both over 12 years, as EAIF’s first insurance-investor. The EAIF debt financing is the second Emerging Markets (EM) blended finance transaction within 12 months, run by Allianz Global Investors (AllianzGI) on behalf of Allianz Group investing for their insurance portfolios. This brings the total commitment of Allianz Group to EM blended finance through AllianzGI infrastructure debt platform to over $600 million.
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.
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.
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.
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.
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.
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.
Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group.
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America. Allianz becomes BIMA’s sole insurance shareholder and the largest strategic shareholder overall.
A consortium comprising Allianz Capital Partners (ACP) on behalf of the Allianz Group, Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER), the State Pension Fund of Finland, has signed an agreement to acquire Elenia Oy, Finland’s second largest distribution system operator and Elenia Lämpö Oy, Finland’s ninth largest district heating network (together ‘Elenia’).
Allianz announces having entered into share purchase agreements with shareholders representing 11.34% of Euler Hermes share capital on November 24, 2017 for a price of 122 euros per share in cash, as a result of which Allianz will own 74.34% of Euler Hermes share capital and voting rights.
Allianz SE has resolved on a further share buy-back program as the current share buy-back program of up to 3 billion euros decided on February 16, 2017 is drawing to a close. The volume of such further program will amount to up to 2 billion euros. The program shall start beginning of 2018 and be executed in the first six months of 2018.
Allianz Group reported good results for the third quarter of 2017 after a series of hurricanes, storms and other natural catastrophes drove claims higher. Total revenues rose 2.1 percent compared to the third quarter of 2016 to 28.3 (third quarter of 2016: 27.7) billion euros, mostly due to another strong performance in the Life and Health business segment. Operating profit declined to 2.5 (3.0) billion euros, largely due to 529 million euros losses from natural catastrophes.
Allianz Taiwan Life Insurance Co. Ltd announces that it has reached an agreement to sell a part of its traditional life insurance portfolio to China Life Insurance Co., headquartered in Taipei, Taiwan.
Allianz SE, the international financial services company headquartered in Munich, and its asset management subsidiary, Allianz Global Investors, have announced the successful completion of the sale of Allianz Global Investors Korea to Anbang Group Holdings.
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.
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.
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.
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.
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.
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.
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.
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.
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2017 of 36.2 (first quarter of 2016: 35.4) billion euros. This represents an increase of 2.5 percent compared to the prior-year quarter.
Allianz, together with its consortium partners has reached an agreement to acquire 100 percent of the equity interest in Affinity Water. Affinity Water is the United Kingdom’s largest water only supply company by revenue and population served.
The Board of Directors of Atlantia, the listed global operator of motorway and airport infrastructure, has accepted a binding offer by Allianz, EDF Invest and DIF to acquire a 5 percent stake in Autostrade per l’Italia, the largest Italian toll road network. The transaction is subject to signing of final contracts over the next days and fulfilment of the conditions precedent therein.
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
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
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.
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