Allianz achieves operating profit of 3 bln euros in 3Q of 2018

Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 (third quarter of 2017: 28.3) billion euros

Allianz acquires first subsidy free solar project in Iberia

Allianz Capital Partners on behalf of Allianz insurance companies has closed today the acquisition of the 46 megawatt (MW) Ourika project (“Ourika”) in Portugal. The solar farm is fully operational and has been developed by the WElink Group (“WElink”).

Allianz Real Estate continues its growth story, reaching 60 bln euros AuM for Allianz companies and launching its first debt fund

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).

Allianz Partners acquires Multiasistencia from Portobello Capital
PIMCO to acquire industry-leading muni bond investment firm Gurtin Municipal Bond Management

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.

Allianz reports strong results for 2Q 2018 and confirms full-year outlook
Allianz reports strong results for 2Q 2018 and confirms full-year outlook

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 acquires Multiasistencia from Portobello Capital
Allianz Partners acquires from Portobello Capital, Multiasistencia, the European leader in home repair-in-kind services, thus expanding its home and assistance offer

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 completes acquisition of Ensure Insurance in Nigeria
Allianz Group completes acquisition of Ensure Insurance in Nigeria

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 resolves on new share buy-back program with a volume of up to 1 billion euros
Allianz SE resolves on new share buy-back program with a volume of up to 1 billion euros

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 acquires 8 percent stake in African Reinsurance Corporation
Allianz Group acquires 8 percent stake in African Reinsurance Corporation

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).