Allianz
Allianz is a global leader in insurance and asset management, serving 125 million customers in nearly 70 countries and managing substantial assets. The company is committed to sustainability and has been recognized as the world’s number one insurance brand in 2023.
Company Overview
Allianz is one of the world's leading insurers and asset managers, serving 125 million private and corporate customers in nearly 70 countries. The company achieved a total business volume of approximately 162 billion euros in the fiscal year 2023. With a strong focus on sustainability and global reach, it aims to make its insurance business and proprietary asset investments carbon neutral by 2050.
Asset Management
Allianz manages around 746 billion euros on behalf of its insurance customers. Its asset managers, PIMCO and Allianz Global Investors, oversee about 1.8 trillion euros of third-party assets. Allianz Global Investors has received approval to operate as a wholly foreign-owned public fund management company in Mainland China. The company’s commitment to sustainability includes being a founding member of the UN-convened Net Zero Asset Owner Alliance (NZAOA).
Sustainability Initiatives
Allianz is deeply committed to sustainability, implementing initiatives such as the Allianz Climate Change Strategy and the Allianz Climate Risk Award. The company has been investing in renewable energies since 2005 and is also a founding member of the Net Zero Asset Owner Alliance (NZAOA). Its procurement processes emphasize best value for money while reflecting high sustainability standards. Allianz’s sustainability reporting is based on voluntary international standards and best practice guidelines like the Global Reporting Initiative (GRI) guidelines.
Global Presence and Partnerships
Allianz has a strong global footprint, evidenced by its Worldwide Olympic and Paralympic Insurance Partner status from 2021 until 2028. The company has also partnered with Inclusive Brains to develop Prometheus, an innovative brain-machine interface. Allianz’s brand presence extends to a global family of stadiums, which includes landmarks and state-of-the-art sporting facilities across seven countries.
Financial Performance
In the first quarter of 2024, Allianz's operating profit increased by 6.8% to 4.0 billion euros. The company’s share is a component of major stock market indices, such as DAX and EURO STOXX 50. Allianz adheres to a dividend policy aimed at paying a dividend per share of at least the amount of the previous year, backed by a sustainable Solvency II capitalization ratio above 150%. Allianz has been recognized as the world’s number one insurance brand in Interbrand’s 2023 Best Global Brands ranking.