Allianz completes acquisition of Aviva Italia S.p.A.

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Allianz S.p.A., the Italian holding company of the Allianz Group, announced today that it has successfully closed the transaction to acquire Aviva Italia S.p.A., the Italian property & casualty (P&C) insurance entity of the Aviva Group, from Aviva Italia Holding S.p.A.

The transaction, which is worth about 330 million euros, was announced in March 2021. It involved a portfolio equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

The completion of the transaction further strengthens Allianz S.p.A.’s No.3 position in the Italian P&C insurance industry, increasing the company’s market share by approximately one percentage point.

About Allianz S.p.A.

In Italy, Allianz S.p.A. is one of the leading insurers with approximately 4,500 employees serving over 7 million customers through a multichannel distribution model. Allianz already strengthened its presence in Italy in 2014 by acquiring an important property and casualty insurance portfolio and agent network from UnipolSai.

The Allianz Group is one of the world's leading insurers and asset managers with more than 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.7 trillion euros** of third-party assets. Thanks to the systematic integration of environmental, social and governance criteria in our operations, business processes and investment decisions, we continue to be recognized as among the sustainable insurers in the Dow Jones Sustainability Index (September 23, 2022). In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.
** As of September 30, 2022

Press contacts

Holger Klotz
Allianz SE
Kirti Pandey
Allianz SE
Carlo Rossanigo
Allianz S.p.A.
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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