View source for Allianz

{{Short description|German multinational financial services company}}
{{Use dmy dates|date=October 2019 }}
{{Infobox company
| name = Allianz SE
| logo = Allianz.svg
| image = Wzwz_schwabing_26_allianz_building.JPG
| image_caption = Headquarters in Munich
| type = [[Public company|Public]]
| traded_as = {{ubl|{{FWB|ALV}}|[[DAX]] component}}
| foundation = {{start date and age|df=y|05 February 1890}}
| founders = [[Carl von Thieme]]<br/>[[Wilhelm von Finck]]
| location = [[Munich]], Germany
| area_served = Worldwide
| key_people = {{ubl|[[Oliver Bäte]] ([[Chief executive officer|CEO]]) }}
| industry = [[Financial services]]
| services = {{ubl|[[Insurance]] |[[General insurance]] |[[Health insurance]] |[[Vehicle insurance]] |[[Travel insurance]] |[[Home insurance]] |[[Life insurance]] |[[Mortgage loan]]s |[[Investment management]] | [[Asset management]] |[[Mutual fund]]s }}
| revenue = {{increase}} [[Euro|€]]152.7&nbsp;billion (2022)
| operating_income = {{increase}} €14.16&nbsp;billion (2022)
| net_income = {{increase}} €7.18&nbsp;billion (2022)
| assets = {{decrease}} €1.02&nbsp;trillion (2022)
| equity = {{decrease}} €51.0&nbsp;billion (2022)
| aum = {{nowrap|{{decrease}} €2.14&nbsp;trillion (2022)}}
| num_employees = 159,253 (2022)
| homepage = {{URL|allianz.com}}
| subsid = [[AGF (company)|Allianz France]]<br />[[Allianz Global Investors]]<br />[[Allianz Life]]<br />[[Bajaj Finserv#Subsidiaries|Bajaj Allianz]]<br />[[Allianz Trade]]<br />[[PIMCO]]
| footnotes = <ref name="AR2022">{{cite web|url=https://www.allianz.com/en/investor_relations/results-reports/key-figures.html|access-date=March 23, 2023|title=Allianz &#124; Key indicators}}</ref>
}}
'''Allianz SE''' ({{IPAc-en|ˈ|æ|l|i|ə|n|t|s}} {{respell|AL|ee|ənts}}, {{IPA|de|aˈli̯ants|lang|De-Allianz.ogg}}) is a European [[Multinational corporation|multinational]] [[financial services]] company headquartered in [[Munich]], Germany. Its core businesses are [[insurance]] and [[asset management]].
Allianz is the world's largest [[List of largest insurance companies|insurance company]] and the largest [[List of largest financial services companies by revenue|financial services company]] [[List of largest companies in Europe by revenue|in Europe]].<ref>{{Cite news|url=https://www.forbes.com/global2000|title=The Global 2000: 1–100|access-date=7 September 2022|work=Forbes |date=May 2022}}</ref> In 2023, the company was ranked 37th in the [[Forbes Global 2000]].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> Also it is a component of the [[Euro Stoxx 50]] [[stock market index]].<ref>{{Cite web |url=http://www.boerse-frankfurt.de/en/equities/indices/euro+stoxx+50+EU0009658145/constituents |title=Frankfurt Stock Exchange |access-date=22 October 2015 |archive-url=https://web.archive.org/web/20190208093448/http://www.boerse-frankfurt.de/en/equities/indices/euro%20stoxx%2050%20EU0009658145/constituents |archive-date=8 February 2019 |url-status=dead }}</ref>
Its asset management division, which consists of [[PIMCO]], [[Allianz Global Investors]] and Allianz Real Estate, has €2,432&nbsp;billion of [[assets under management]] (AUM), of which €1,775&nbsp;billion are third-party assets (Q1 2021).<ref>{{Cite web|date=2021-09-07|title=Allianz under investigation by German regulator|url=https://www.cityam.com/allianz-under-investigation-by-german-regulator/|access-date=2021-09-13|website=CityAM|language=en-GB}}</ref>
Allianz sold [[Dresdner Bank]] to [[Commerzbank]] in November 2008.<ref>{{Cite web|url=https://www.finanznachrichten.de/nachrichten-2008-11/12497703-glance-stocks-news-europe-allianz-jumps-after-dresdner-deal-sealed-020.htm|title=Glance-STOCKS NEWS EUROPE-Allianz jumps after Dresdner deal sealed|website=FinanzNachrichten.de}}</ref> Allianz was a major supporter of the [[Nazi]] movement<ref>{{Cite web|url=https://www.allianz.com/en/about-us/who-we-are/history.html|title=History of Allianz|access-date=20 December 2019|archive-date=25 September 2019|archive-url=https://web.archive.org/web/20190925134318/https://www.allianz.com/en/about-us/who-we-are/history.html|url-status=dead}}</ref> and f.i. insurer of the Auschwitz concentration camp.
==History==
=== Foundation ===
[[File:Allianz Versicherungs-AG 1890.jpg|thumb|left|Share of the Allianz Versicherungs-AG, issued 5 February 1890]]
[[Image:Versicherungsschild der Allianz.JPG|thumb|An early Allianz agent's plaque|313x313px]]
''Allianz AG'' was founded in [[Berlin]] on 5 February 1890 by the then-director of the ''Munich Reinsurance Company'' [[Carl von Thieme]] (a native of [[Erfurt]], whose father was the director of the ''Thuringia'' insurance company) and [[Wilhelm von Finck]] (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register<ref>{{cite book |url=https://books.google.com/books?id=EDjSAAAAIAAJ&q=Allianz+AG+February+5,+1890 |title=Germany, Inc: the new German juggernaut and its challenge to world business |page=130 |access-date=16 July 2013 |year=2000 |publisher=John Wiley |author=Werner Meyer-Larsen|isbn=9780471353577 }}</ref> under the name ''Allianz Versicherungs-Aktiengesellschaft''.<ref>{{cite web |url=http://secfilings.nyse.com/filing.php?ipage=3709166&DSEQ=&SEQ=17&SQDESC=SECTION_PAGE |access-date=16 July 2013 |publisher=SEC Filing |title=ALLIANZ AG |year=2005 |archive-url=https://web.archive.org/web/20131217221758/http://secfilings.nyse.com/filing.php?ipage=3709166&DSEQ=&SEQ=17&SQDESC=SECTION_PAGE |archive-date=17 December 2013 |url-status=dead |df=dmy-all }}</ref> The company was established with a start-up capital of 4 million marks.<ref name=atlas>{{cite web |url=http://atlas-mag.net/en/article/allianz-a-success-story |title=Allianz, a success story |access-date=29 June 2024 |publisher=Atlas Magazine |date=October 2011}}</ref> The first Allianz products were marine and accident policies that were initially sold only in Germany. However, in 1893, Allianz opened its first international branch office in London, distributing marine insurance coverage to German clientele looking for coverage abroad.<ref name=atlas />
In 1900, the company became the first insurer to obtain a license to distribute corporate policies. In 1904, [[Paul von Naher]] took over the sole leadership of the company, as it moved into the US and other markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic states, and Allianz had become the largest maritime insurer in Germany.<ref name=atlas /> The company suffered an early disaster in expansion when the [[1906 San Francisco earthquake]] caused the company to sustain 300,000 marks in losses. In 1905, the company acquired Fides Insurance Company, a firm that had innovated the first form of home invasion insurance.<ref>{{cite book |url=https://books.google.com/books?id=kractQ2Eiz0C&q=Allianz |page=3 |title=Allianz and the German Insurance Business, 1933–1945 |publisher=[[Cambridge University Press]] |access-date=16 July 2013 |year=2001 |author=Gerald Donald Feldman|isbn=9781139432733 }}</ref> Other places expanded into during the 1910s and 1920s included [[Palestine (region)|Palestine]], [[Cyprus]], [[Iraq]], [[China]], the [[Dutch Indies]] (nowadays [[Indonesia]]), [[Ceylon]] (now [[Sri Lanka]]), and [[Siam]] (now [[Thailand]]).<ref>Feldman, 46.</ref>
===20th-century developments===
In 1905, the company began to offer fire insurance, and in 1911 it began to sell machinery breakdown policies. Allianz remained the only company in the world that sold machine breakdown insurance until 1924. In 1918, it began offering automobile insurance as well through a joint venture called Kraft Versicherungs-AG.<ref name=atlas /> In 1921, Von Naher died and was succeeded by [[Kurt Schmitt]]. The company would begin to offer life insurance as of 1922, becoming Europe's largest offerer of the policies by the end of the 1920s.
In 1927, Allianz merged with Stuttgarter Verein Versicherung AG, which was then the leading accident and third-party liability insurer.<ref name=atlas /> Two years later, it acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression.<ref>Feldman, 21–24.</ref> Expansion of the company then slowed until 1938<ref>Feldman, 28.</ref> at which point it employed more than 24,000 people.<ref>Feldman, 35.</ref> Christian Stadler wrote of the history of Allianz that it "shows how important it is to diversify into related areas to hedge against the risk of fundamental changes in markets and economies".<ref>{{cite book |url=https://books.google.com/books?id=96zaVr4jFesC&q=Allianz&pg=PA120 |page=120 |title=Enduring Success: What We Can Learn from the History of Outstanding Corporations |access-date=17 July 2013 |year=2011 |publisher=[[Stanford University Press]] |author=Christian Stadler|isbn=9780804772211 }}</ref>
Allianz was a major supporter of the [[Nazi]] movement, and Hitler's first cabinet included the head of Allianz as a cabinet member. Allianz provided massive financial support at a crucial time for the expansion of the NSDAP. On 30 June 1933, [[Kurt Schmitt]], Allianz Director-General, was appointed Economics Minister for [[Nazi Germany]] under [[Adolf Hitler]] and became an SS honorary member.<ref>{{Cite web|url=https://www.allianz.com/en/about-us/who-we-are/history.html|title=History of Allianz|access-date=20 December 2019|archive-date=25 September 2019|archive-url=https://web.archive.org/web/20190925134318/https://www.allianz.com/en/about-us/who-we-are/history.html|url-status=dead}}</ref> He was a supporter of 'Aryanization' and pushing out Jews from public life in Germany. He later received various honours from the SS including the Deaths Head and Iron Cross. From 1933 to 1945, Allianz insured sub-organizations of the [[NSDAP]] and opened up new areas of business as the German Reich expanded. Among other things, the customer base was expanded through the takeover of Jewish insurance houses as part of the Aryanization initiative (seizing Jewish businesses to put in non-Jewish hands). Allianz profited directly from deportations. From 1940 onwards, Allianz insured SS armaments factories, prisoners' barracks, material stores and vehicle fleets in [[Nazi concentration camps|concentration camps]], including [[Auschwitz concentration camp|Auschwitz]], [[Buchenwald concentration camp|Buchenwald]] and [[Dachau concentration camp|Dachau]]. Allianz employees regularly inspected concentration camps.<ref>{{Cite news|url=https://www.spiegel.de/politik/das-wagnis-auschwitz-a-f3b0a6fe-0002-0001-0000-000008719979?context=issue|title = Das Wagnis Auschwitz| newspaper=Der Spiegel | date=June 1997 | last1=Wiegrefe | first1=Klaus }}</ref>
During World War II, the Berlin headquarters of Allianz were destroyed by Allied bombing runs.<ref name=Seebacher /> Following the end of the war in 1945, Hans Heß became head of the company, and Allianz shifted its headquarters to [[Munich]] in 1949 due to the split between East and West Germany. Heß only held the position until 1948, when he was replaced by Hans Goudefroy. In 1956, Allianz became the first major European Insurance company to install a [[mainframe computer]], taking delivery of a [[IBM 650]] which provided cost savings within three years of delivery.<ref name="AllCompHist">{{cite book |last1=Eggenkämper |first1=Barbara |title=Allianz : the company history, 1890-2015 |date=2015 |publisher=Verlag C.H. Beck |location=Munich |isbn=978-3-406-67821-9 |url=https://archive.org/details/allianzcompanyhi0000egge |access-date=8 July 2024}}</ref><ref>{{cite journal |last1=Schlombs |first1=Corinna |title=A Cost-Saving Machine: Computing at the German Allianz Insurance Company |journal=Information & Culture |date=February 2017 |volume=52 |issue=1 |pages=31–63 |doi=10.7560/IC52102 |jstor=44667594 |url=https://www.jstor.org/stable/44667594 |access-date=8 July 2024 |issn=2164-8034}}</ref> After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959 and started repurchasing stakes in former subsidiaries in Italy and Austria. In 1971, Wolfgang Schieren became the head of the company.
These expansions were followed in the 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired [[Cornhill Insurance]] in London, and the purchase of a stake in Riunione Adriatica di Sicurtà (RAS) in [[Milan]], strengthened its presence in western and southern Europe in the 1980s.
In 1990, Allianz started an expansion into eight eastern European countries by establishing a presence in Hungary. In the same decade, Allianz also acquired [[Fireman's Fund]], an insurer in the United States, which was followed by the purchase of [[Assurances Générales de France]]. These acquisitions were followed by the expansion into Asia with several joint ventures and [[acquisitions]] in China and South Korea and the acquisition of Australia's [[Manufacturers Mutual Insurance]]. Around this time, Allianz expanded its [[asset management]] business as well by purchasing asset management companies in California.<ref name=atlas />
In 1999, Allianz purchased investment management firm [[PIMCO]] for approximately US$3.3 billion.<ref>{{Cite web|url=https://money.cnn.com/1999/11/01/worldbiz/allianz/|title=Allianz buys 70% of U.S. fund manager Pimco - Nov. 1, 1999|website=money.cnn.com|access-date=2020-03-16}}</ref>
===21st-century developments===
[[File:Hh-globushaus-Allianzlogo.jpg|left|195x195px|thumb|The original Allianz logo, designed in 1923 by Karl Schulpig]]
[[Image:Allianz Koeniginstr Eingang.jpg|thumb|Allianz's current head office is located in [[Munich]].|235x235px]]
In April 2001, Allianz agreed to acquire the 80 per cent of [[Dresdner Bank]] that it did not already own, for US$20 billion. As part of the transaction, Allianz agreed to sell its 13.5 per cent stake in [[HypoVereinsbank]] to [[Munich Re]] and to acquire Munich Re's 40 per cent stake in [[Allianz Leben]].<ref name=nyt2401>{{cite news|url=https://www.nytimes.com/2001/04/02/business/allianz-says-it-will-acquire-dresdner-bank-for-20-billion.html|title=Allianz Says It Will Acquire Dresdner Bank for $20 Billion|access-date=28 May 2012|work=The New York Times|date=2 April 2001}}</ref> Following the completion of the acquisition, Allianz and Dresdner Bank combined their asset management activities by forming [[Allianz Global Investors]]. In 2002, [[Michael Diekmann]] succeeded Henning Schulte-Noelle as CEO. In June 2006, Allianz announced the layoff of 7,280 employees, about 4 percent of its worldwide workforce at the time, as part of a restructuring program aimed at raising profitability ("Allianz Sustainability P&C and Life"). The reductions comprised 5,000 staff members at Allianz insurance operations and 2,480 at Dresdner Bank. In the same month, Allianz announced that its Dresdner Kleinwort Wasserstein investment banking operation would be renamed as simply Dresdner Kleinwort.<ref name=nyt22606>{{cite news|url=https://www.nytimes.com/2006/06/22/business/22cnd-allianz.html|title=Allianz to Lay Off 7,280 in Germany|access-date=28 May 2012|work=The New York Times|date=22 June 2006}}</ref>
In September 2005, Allianz announced that it would convert its holding company into a [[Societas Europaea|societas europaea]]. The conversion was made in conjunction with Allianz's acquisition of 100 per cent control of its principal Italian subsidiary [[Riunione Adriatica di Sicurtà]] for around US$7 billion. The conversion to an SE was completed on 13 October 2006.<ref name=ij18107>{{cite news|url=http://www.insurancejournal.com/news/international/2007/01/18/75994.htm|title=Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities|access-date=28 May 2012|publisher=Insurance Journal|date=18 January 2007}}</ref> The Allianz Group also simplified its brand strategy from 2006 and their previous emblem was replaced by the current combination mark.<ref>{{cite web|title=Allianz Logo: Design and History|url=http://www.famouslogos.net/allianz-logo/|publisher=Famouslogos.net|access-date=29 July 2011|archive-date=17 October 2012|archive-url=https://web.archive.org/web/20121017005429/http://www.famouslogos.net/allianz-logo|url-status=dead}}</ref> By 2008 the company was Europe's largest insurer.<ref>{{cite web |url=https://www.reuters.com/article/us-allianz-idUSL07363320080708 |date=8 July 2008 |access-date=16 July 2013 |title=Allianz's Dresdner sale no exit from banking |website=Reuters |first=Jonathan |last=Gould}}</ref>
In 2007 it was a founder member of the [[Hedge Fund Standards Board]], which sets a voluntary code of standards of best practice endorsed by its members.<ref name="HFSB001">{{cite web |url= http://www.hfsb.org/ |title=HFSB Founders & Core Supporters |author=Hedge Fund Standards Board |access-date=27 September 2016}}</ref>
On 31 August 2008, it was announced that Allianz had agreed to sell 60.2 per cent of Dresdner Bank to [[Commerzbank]] for €9.8&nbsp;billion (US$14.4&nbsp;billion), with an agreement that Commerzbank would acquire the remainder of Dresdner Bank by the end of 2009.<ref>{{cite news|url=https://www.nytimes.com/2008/08/31/business/worldbusiness/31iht-31bank.15776908.html|title=Commerzbank paying Allianz €9.8&nbsp;billion for Dresdner Bank|access-date=28 May 2012|work=The New York Times|date=31 August 2008|first=David|last=Jolly}}</ref> After renegotiations, it was announced in November 2008 that [[Commerzbank]] would acquire the 100% ownership of [[Dresdner Bank]] earlier (12 January 2009). The sale price was lowered to 5.5&nbsp;billion Euro. Shortly after the transaction completed, Commerzbank was partially nationalized by the German government to save it from bankruptcy. Allianz currently retains a stake of around 14% in Commerzbank.<ref>{{cite web |url=https://www.reuters.com/article/us-commerzbank-dresdner-idUSTRE4AR3X520081128 |title=Commerzbank, Allianz bask in early Dresdner deal |access-date=16 July 2013 |date=28 November 2008 |website=[[Reuters]] |first=John| last= O'Donnell |author2=Ludwig Burger}}</ref>
Allianz X founded, in 2013 and headed by Nazim Cetin, is Allianz's technology investment fund.<ref>{{Cite web|url=https://www.bloomberg.com/news/videos/2019-02-20/allianz-x-boosts-size-of-tech-investment-fund-video|title=Allianz X Boosts Size of Tech Investment Fund|website=www.bloomberg.com|date=20 February 2019 |access-date=2019-02-21}}</ref>
In August 2015, a consortium led by Allianz acquired German motorway service station group [[Tank & Rast]] for an undisclosed sum believed to be in the region of €3.5&nbsp;billion.<ref>{{cite news|url=https://www.reuters.com/article/us-tank-rast-m-a-allianz-idUSKCN0Q815M20150803|title=Allianz consortium buys German motorway service stations group|date=3 August 2015|work=Reuters}}</ref>
In April 2018, TH Real Estate and Allianz partnered to provide £100m in debt finance to developers [[YardNine]], for the development of 80 Fenchurch Street, a 240,000 sq ft office development in London.<ref>{{Cite news|url=https://propertyeu.info/Nieuws/TH-and-Allianz-provide-115m-loan-for-80-Fenchurch-Street/24473679-ff95-4a27-87cd-7a3e8ab4ec3d|title=TH and Allianz provide €115m loan for 80 Fenc...|work=PropertyEU News|access-date=2018-09-24}}</ref>
In October 2020, Allianz was named the world's top insurance brand by the Interbrand's Best Global Brands Ranking.<ref>{{Cite web|url=https://www.allianz.com/en/press/news/company/brands/201020_Allianz-again-best-insurance-brand-in-interbrand-ranking-2020.html|title=Allianz once again named the world's #1 insurance brand|website=www.allianz.com|access-date=2020-10-20}}</ref>
On 1 August 2021, Allianz disclosed that the [[United States Department of Justice]] had launched a probe into Allianz to determine the role that executives had played in the loss of billions of euros from Allianz Global's Structured Alpha Funds.<ref>{{Cite web|date=2021-09-10|title=Exclusive: U.S. DOJ looking into conduct of Allianz fund managers |url=https://www.reuters.com/business/exclusive-us-doj-looking-into-conduct-allianz-fund-managers-2021-09-10/|access-date=2021-09-13|website=Reuters|language=en}}</ref><ref>{{Cite web|date=2021-09-10|title=U.S. DOJ looking into conduct of Allianz fund managers|url=https://www.cnbc.com/2021/09/10/us-doj-looking-into-conduct-of-allianz-fund-managers.html|access-date=2021-09-13|website=CNBC|language=en}}</ref> In September 2021, the German [[Federal Financial Supervisory Authority]] launched its own probe.<ref>{{Cite web|title=German Regulators Initiate Probe Into Allianz After Disappearance of U.S Investment Funds |publisher=[[Argus Journal]] |url=https://argusjournal.com/2021/09/08/german-regulators-initiate-probe-into-allianz-after-disappearance-of-u-s-investment-funds/|access-date=2021-09-13|language=en-US|first=Dennis |last=Mutua|website=argusjournal.com|date=8 September 2021 }}</ref><ref>{{Cite web|date=2021-09-07|title=Allianz under investigation by German regulator|url=https://www.cityam.com/allianz-under-investigation-by-german-regulator/|access-date=2021-09-13|website=[[cityam.com]]|language=en-GB |first=Farah |last=Ghouri}}</ref> On September 30, 2021, it was reported that asset management chief [[Jacqueline Hunt]] would step down as part of a shake up that followed the investigations into the losses, staying on as a consultant to Bäte.<ref>[[Julie Steinberg (journalist)|Steinberg Julie]], [https://www.wsj.com/articles/allianz-asset-management-chief-jacqueline-hunt-to-step-down-11633017351 "Exclusive: Allianz Asset Management Chief Jacqueline Hunt to Step Down" {{subscription required}}], ''Wall Street Journal'', September 30, 2021. Retrieved 2021-09-30.</ref>
On 17 May 2022, Allianz SE has agreed to pay $6 billion in the U.S. fraud case due to the collapse of its Structured Alpha funds during the COVID-19 pandemic.<ref>{{Cite news |last1=Sims |first1=Tom |last2=Hübner |first2=Alexander |last3=Stempel |first3=Jonathan |date=2022-05-17 |title=Allianz to pay $6 billion in U.S. fraud case, fund manager charged |language=en |work=Reuters |url=https://www.reuters.com/business/finance/allianz-pay-6-bln-over-structured-alpha-fraud-fund-manager-charged-2022-05-17/ |access-date=2022-05-17}}</ref>
In April 2023, Allianz put its 5% stake in [[fintech]] company [[N26]] up for sale, with N26 valued at $3 billion (€2.7 billion). Meanwhile, N26 was valued at $9 billion at its last [[Securities offering|funding round]] in October 2021.<ref>{{Cite news|language=en|url=https://www.irishtimes.com/business/2023/04/19/allianz-puts-n26-stake-up-for-sale-at-steep-discount/|title=Allianz puts N26 stake up for sale at steep discount|newspaper=The Irish Times|access-date=2024-02-25|archive-date=2023-06-17|archive-url=https://web.archive.org/web/20230617075602/https://www.irishtimes.com/business/2023/04/19/allianz-puts-n26-stake-up-for-sale-at-steep-discount/}}</ref>
== Finances ==
{{as of|2022}}, Allianz was the world's largest insurance company with US$1.02 trillion in assets according to ''Forbes''. For the fiscal year 2022, Allianz reported earnings of €7.2 billion, with an annual revenue of €152.7 billion, an increase of 2.8% over the previous fiscal cycle.<ref name="AR2022" />
{| class="wikitable float-left" style="text-align: right;"
!Year
!Revenue<br />in bn. €
!Net income<br />in bn. €
!Total assets<br />in bn. €
!Employees
|-
|2009
|97.4
|4.3
|
|
|-
|2010
|106.5
|5.2
|
|
|-
|2011
|103.6
|5.5
|
|
|-
|2012
|106.4
|5.6
|
|
|-
|2013
|110.8
|6.0
|711.5
|147,627
|-
|2014
|122.3
|6.2
|805.8
|147,425
|-
|2015
|125.2
| 6.6
|848.9
|142,459
|-
|2016
|122.4
|6.9
|883.8
|140,253
|-
|2017
|126.1
|6.8
|901.3
|140,553
|-
|2018
|132.3
|7.7
|897.6
|142,460
|-
|2019
|142.4
|8.3
|1,011.1
|147,268
|-
|2020
|140.5
|7.1
|1,060.0
|150,269
|-
|2021
|148.5
|7.1
|1,139.0
|155,411
|-
|2022
|152.7
|7.2
|1,022.0
|159,253
|}
==Operations==
Allianz has operations in over 70 countries and has around 150,000 employees. The parent company, Allianz SE, is headquartered in Munich. Allianz has more than 100&nbsp;million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.<ref name=Seebacher>{{cite book |url=https://books.google.com/books?id=6svqS80MIs4C&q=Allianz+180%2C000+employees&pg=PA191 |page=191 |title=Template-driven Consulting: How to Slash More Than Half of Your Consulting Costs |access-date=16 July 2013 |year=2003 |publisher=Springer |author=Uwe G. Seebacher|isbn=9783540401285 }}</ref> In 2013, it was number 25 on the global Forbes 2000 list.<ref name=Forbes2000>{{cite news |url=https://www.forbes.com/companies/allianz/ |title=#25 Allianz |access-date=17 July 2013 | work=Forbes}}</ref>
[[File:Allianz global locations.svg|235x235px|thumb|right|Countries served by Allianz as of May 2022]]
===Australia===
Allianz Australia Insurance Limited was founded 1914 as [[Manufacturers Mutual Insurance]] (MMI). Allianz acquired MMI in 1998.<ref>[https://www.afr.com/politics/allianz-takes-over-at-insurer-mmi-19981218-k8h3v Allianz takes over at MMI] ''[[Australian Financial Review]]'' 18 December 1998</ref>
Allianz Australia operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services.<ref>{{cite web |url=https://www.allianz.com.au/about-us/history-of-allianz-australia |title=History of Allianz Australia |access-date=17 December 2013 |publisher=Allianz}}</ref> Subsidiaries of Allianz Australia include Club Marine, Allianz Life and Hunter Premium Funding.<ref>{{cite book |url=https://books.google.com/books?id=Zqe3AAAAIAAJ&q=Club+Marine,+Allianz+Life+and+Hunter+Premium+Funding |title=Major Companies of the Far East and Australasia, Volume 3 |page=15 |author=Graham & Whiteside, J Carr and Christine Oddy |access-date=16 July 2013 |year=1990 |publisher=Graham & Whiteside|isbn=9781860993763 }}</ref> In 2012, Allianz Australia announced a multi-year agreement with the [[Sydney Cricket Ground Trust]] to become the [[naming rights]] sponsor of the [[Sydney Football Stadium (1988)|former Sydney Football Stadium]].<ref>{{cite web |url=https://www.allianz.com.au/media/news/2012/sydney-football-stadium-renamed-allianz-stadium |title=SFS re-named Allianz Stadium |access-date=17 December 2013 |publisher=Allianz}}</ref> In 2022 the deal was renewed for a further six years at the [[Sydney Football Stadium (2022)|replacement Sydney Football Stadium]]<ref>[https://ministryofsport.com/36-million-naming-rights-secured-for-new-sydney-football-stadium/ $36 million naming rights secured for new Sydney Football Stadium] ''Ministry of Sport'' 23 March 2022</ref>
===Belgium===
Allianz operates through Allianz Belgium, previously AGF Belgium which has been re-branded to Allianz Belgium in November 2007.<ref>{{cite web |url=http://www.microsoft.com/casestudies/Case_Study_Detail.aspx?casestudyid=4000005043 |title=Allianz Belgium: Allianz Belgium Boosts Distribution Relationship Management of Brokers |date=8 March 2007 |access-date=16 July 2013 |publisher=Microsoft Case Studies}}</ref>
In 2012, Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to become Allianz Benelux.<ref>{{Cite web|title=Allianz {{!}} Allianz strengthens its presence in Benelux region|url=https://www.allianz.com/en/press/news/company/brands/news-2012-12-12.html|access-date=2020-10-04|website=Allianz.com|language=en-GB}}</ref> In August 2020, they announced the selling of its closed classical life insurance retail insurance book with covering assets such as mortgages to Monument Re.<ref>{{Cite web|date=2020-08-18|title=Allianz Benelux and Monument Re Announce Closed Book Portfolio Transaction|url=https://www.businesswire.com/news/home/20200818005319/en/Allianz-Benelux-and-Monument-Re-Announce-Closed-Book-Portfolio-Transaction|access-date=2020-10-04|website=www.businesswire.com|language=en}}</ref>
===Bulgaria===
[[File:Allianz Bulgaria headquarters.JPG|thumb|Allianz Bank Bulgaria headquarters in [[Sofia]]|235x235px]]
Allianz Bank Bulgaria is a universal commercial bank having its headquarters in Sofia. It was established in 1991. On 13 October 2003 the bank received the name of its principal shareholder&nbsp;– Allianz Bulgaria Holding. Before that the bank was named 'Bulgaria Invest' Commercial Bank. Allianz Bank Bulgaria offers its products in more than hundred branches and offices all over the country, as well as through the broad agents' network of Allianz Bulgaria Holding. The bank possesses a full banking license for carrying out banking and financial transactions.<ref>{{cite magazine |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22143577 |archive-url=https://archive.today/20130718162851/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22143577 |url-status=dead |archive-date=18 July 2013 |title=Commercial Banks: Company Overview of Allianz Bank Bulgaria AD |magazine=[[Businessweek]] |access-date=16 July 2013}}</ref>
===Canada===
Allianz entered the Canadian market in the early 1990s through an acquisition of several North American insurers, namely the [[American Firemans Fund]]<ref>{{cite news |url=http://nl.newsbank.com/nl-search/we/Archives?p_product=AT&p_theme=at&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB7C48F64C9AD26&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM |date=3 August 1990 |access-date=16 July 2013 |newspaper=[[The Atlanta Journal-Constitution]] |title=BUSINESS IN BRIEF: Fireman's Fund to be bought}}</ref> and the [[Canadian Surety]].<ref>{{cite book |url=https://books.google.com/books?id=pXMPAQAAMAAJ&q=Allianz+Canadian+Surety+1990 |title=Mergent International Manual, Volume 2 |year=2003}}</ref> Upon the market exit the personal and commercial lines unit was sold off to the market leader [[ING Canada]] (Now [[Intact Insurance|Intact]]), and [[Allianz Canada]] continues operations in [[Cambridge, Ontario]]. Allianz Canada has also merged with [[TIC Travel Insurance]] in 2014 and has become one of the largest insurance companies in Canada as a result.<ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAhbecYiFgFk&refer=canada |date=9 December 2004 |access-date=16 July 2013 |publisher=[[Bloomberg News]] |author=Joana Quintanilha |title=ING Completes Purchase of Allianz Canadian Division}}</ref><ref>{{cite web |url=http://www.fsco.gov.on.ca/en/about/licensingbulletins/2005/pages/g-01_05.aspx |title=Licensing Changes for Fourth Quarter 2004 |publisher=Financial Services Commission of Canada |access-date=16 July 2013 |year=2005}}</ref>
===China===
In January 2021, the [[China Banking and Insurance Regulatory Commission]] authorized the Allianz group to establish Allianz Insurance Asset Management, owned by Allianz China Iamc and based in [[Beijing]].<ref>{{Cite web|url=https://atlas-mag.net/en/article/allianz-establishment-of-an-insurance-asset-management-firm-in-china|title=Allianz: establishment of an insurance asset management firm in China|website=atlas-mag.net}}</ref> The next month, Allianz agreed with [[CITIC Trust]] the acquisition of the 49% minority stake of Allianz China Life Insurance Co, realizing the "China’s first wholly foreign-owned insurance asset management company".<ref>{{cite news|url=https://www.reuters.com/article/us-china-insurance-allianz/allianz-to-acquire-full-ownership-of-china-life-insurance-venture-idUSKBN2A512F|title=Allianz to acquire full ownership of China life insurance venture|newspaper=Reuters|date=5 February 2021}}</ref><ref>{{cite web|url=https://www.allianz.com/en/press/news/business/asset_management/210730_Allianz-Insurance-Asset-Management-receives-approval-in-China.html|title=Allianz Insurance Asset Management receives approval to become first wholly foreign-owned insurance asset management company in China|date=July 30, 2021}}</ref>
===Colombia===
Allianz acquired in 1999 60% of the shares of Colombian insurer Colseguros, 3 years later in 2002 it increases its shareholding, becoming the sole owner of this company in Colombia. After almost 10 years in 2012 and with an evolutionary change of brand Colseguros dies as an official name and the entire operation of Colombia is consolidated under the name of Allianz.<ref>{{cite web |url=https://www.allianz.co/quienes-somos |title=¿Quiénes Somos? |work=allianz.co/ |access-date=7 November 2016 |archive-url=https://web.archive.org/web/20161108135636/https://www.allianz.co/quienes-somos |archive-date=8 November 2016 |url-status=dead |df=dmy-all }}</ref>
[[File:Bavaria - Edificio en Bogotá.JPG|235x235px|thumb|right|Allianz Colombia headquarters in [[Bogotá]]]]'''<big>Finland</big>'''
In 2017, Allianz alongside [[Macquarie Group]] and Valtion Eläkerahasto  acquired [[Elenia]] taking ownership of Finland's second largest power distribution system operator and ninth largest district heating network.<ref>{{Cite news|last1=Schuetze|first2=Dasha |last2=Afanasieva|first1= Arno|date=2017-12-13|title=Finnish power grid company Elenia sold to Allianz, Macquarie|language=en|work=Reuters|url=https://uk.reuters.com/article/us-elenia-sale-idUKKBN1E72N8|archive-url=https://web.archive.org/web/20190328110728/https://uk.reuters.com/article/us-elenia-sale-idUKKBN1E72N8|url-status=dead|archive-date=28 March 2019|access-date=2020-10-04}}</ref>
===Egypt===
===Germany===
[[File:Allianzberlin.jpg|right|thumb|The Allianz complex in [[Alt-Treptow]], Berlin|235x235px]]
Allianz offers a wide range of general, life and health insurance products in Germany through its Allianz Deutschland AG subsidiary. It is the market leader in both the general and [[life insurance]] markets. Allianz products are distributed principally through a network of full-time tied agents. Since September 2010 Allianz products have also been sold through Commerzbank branches.
===Greece===
In Greece Allianz began to work on 2 December 1985. Then was established the first Company's Office in [[Ampelokipoi, Athens|Ampelokipoi]], [[Athens]]. Now Allianz has almost 500 Offices in Greece and a lot of people buy the products of the company.
In February 2022, it was announced Allianz had acquired 72% of [[European Reliance]] for €207 million.<ref>{{Cite web|last=Angeloni|first=Cristian|date=2022-02-14|title=Insurance giant expands Europe presence with €207m acquisition|url=https://international-adviser.com/insurance-giant-expands-europe-presence-with-e207m-acquisition/|access-date=2022-02-14|website=International Adviser|language=en-GB}}</ref>
===India===
In India<ref>{{cite news |last1=Dhanjal |first1=Swaraj Singh |title=Kotak and Allianz announce partnership to invest in Indian private credit market |url=https://www.livemint.com/companies/news/kotak-and-allianz-announce-partnership-to-invest-in-indian-private-credit-market-11615794679461.html |work=mint |date=15 March 2021 |language=en}}</ref> Allianz primarily operates through [[Bajaj Allianz Life Insurance]] Company & [[Bajaj Allianz General Insurance]] Company Limited, a joint venture between Allianz and [[Bajaj Finserv]] Limited. Bajaj Allianz has around 1,200 branches across India and offers services including unit-linked, traditional, health, child and pension policies.<ref>{{cite magazine |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=12205230 |archive-url=https://web.archive.org/web/20130118131855/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=12205230 |url-status=dead |archive-date=18 January 2013 |magazine=[[Businessweek]] |access-date=16 July 2013 |title=Insurance: Company Overview of Bajaj Allianz General Insurance Co. Ltd.}}</ref>
===Indonesia===
Allianz started its operations in Indonesia with a representative office in 1981.<ref>{{cite news |url=http://www.thejakartapost.com/news/2012/04/12/allianz-books-372-percent-premium-growth.html |title=Allianz books 37.2 percent in premium growth |access-date=16 July 2013 |date=12 April 2012 |newspaper=[[The Jakarta Post]]}}</ref> In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company.<ref>{{cite magazine |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=9587298 |archive-url=https://archive.today/20130718162850/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=9587298 |url-status=dead |archive-date=18 July 2013 |access-date=16 July 2013 |magazine=[[Businessweek]] |title=Insurance: Company Overview of PT Asuransi Allianz Utama Indonesia Ltd.}}</ref> Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996.<ref>{{cite magazine |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=58258285 |archive-url=https://archive.today/20130718162915/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=58258285 |url-status=dead |archive-date=18 July 2013 |access-date=16 July 2013 |magazine=[[Businessweek]] |title=Insurance: Company Overview of PT Asuransi Allianz Life Indonesia p.l.c.}}</ref>
===Ireland===
Allianz plc in Ireland employs over 1,700 people. Established in 1902,<ref>{{Cite web|url=https://www.pacificprime.com/insurers/allianz/company-history/|title=Allianz International Company History|website=www.pacificprime.com}}</ref> Allianz plc is active in both the Republic of Ireland and Northern Ireland, providing car, home, pet, boat, and travel products, as well as SME (small to medium enterprise) products including van, business, and schools insurance. Today, Allianz in Ireland insures over half a million customers across the country<ref>{{Cite web|url=https://www.allianz.ie/|title=Homepage|website=Allianz}}</ref> through its portfolio of personal and commercial insurance products.<ref>{{Cite web|url=https://www.allianz.ie/about/our-company/|title=Our Insurance Company|website=Allianz}}</ref> In 1999, through their acquisition of AGF, Allianz SE acquired AGF Irish Life Holdings plc in Ireland, which at the time owned Insurance Corporation of Ireland and Church and General Insurance.<ref>{{Cite news|url=https://www.irishtimes.com/business/church-general-adopts-new-name-1.239504|title=Church & General adopts new name|first=Arthur|last=Beesley|newspaper=The Irish Times}}</ref> Following their purchase, and despite a minority shareholding by Irish Life, both companies changed their names to Allianz plc, trading simply as Allianz. In 2017, Allianz plc became a wholly owned entity of Allianz SE.
===Israel===
On 9 April 2019, Allianz started cooperation with [[Cynet (company)|Cynet]],<ref>{{cite web |last1=Adriano |first1=Lyle |title=Allianz partners with cyber company to improve threat detection |url=https://www.insurancebusinessmag.com/us/news/cyber/allianz-partners-with-cyber-company-to-improve-threat-detection-164391.aspx |website=Insurance Business |access-date=9 April 2019}}</ref> a cybersecurity company in the field of threat detection and response to address security threats and improve its resilience.
=== Italy ===
[[File:Torre Isozaki Milano.jpg|thumb|The [[Allianz Tower]] in [[Milan]]|328x328px]]
The Allianz Group in Italy is headed by composite insurance company Allianz SpA and it ranks second in terms of premiums written and fifth in terms of assets under management as well as fourth for financial advisors.
The Italian parent company, Allianz SpA, resulted from the integration, in October 2007, of three former insurance companies: ''RAS'' ("Riunione Adriatica di Sicurtà", Assurance Adriatic Reunion), established in [[Trieste]] in 1838 and based in [[Milan]] (part of the Allianz Group since 1987), ''Lloyd Adriatico'', established in 1836 and based in Trieste (part of the Allianz Group since 1995) and ''Allianz Subalpina'', established in 1928 and based in [[Turin]] (formerly a subsidiary of RAS).
===Kenya===
On 25 November 2016, Allianz opened a new office in Kenya.<ref>{{cite web |url=https://www.allianz.co.ke/blog/news/allianz-kenya-launch/ |access-date=24 November 2016 | title=Insurance: Allianz Kenya Launch|date=24 November 2016 }}</ref>
===Mexico===
Allianz Mexico started operations in 1987.<ref>{{Cite web|url=https://www.allianz.com.mx/allianz-grupo|title=Allianz Mexico|website=Allianz}}</ref>
=== Philippines ===
In 2003, Allianz AG began its operation in the Philippines under the joint venture partnership with Pioneer Life Incorporated which lasted for five years.<ref>{{Cite web|url=https://www.pioneer.com.ph/about-us|title=Pioneer Life history with Allianz|website=About Us - Pioneer Life|date=12 April 2022 }}</ref>
Allianz returned its operations in the country in 2016 as a subsidiary group with an exclusive distribution partnership with the [[Philippine National Bank]]. They are currently operated under the name of Allianz - PNB Life Insurance Incorporated.<ref>{{Cite web|url=https://www.allianzpnblife.ph/about-us/company-profile.html|title=About Us - Allianz PNB Life|website=Allianz PNB Life Website}}</ref>
=== Portugal ===
In 2018 Allianz, via Allianz Capital Partners, acquired the largest subsidy-free solar project in Portugal.<ref>{{Cite web|title=Allianz to acquire the largest subsidy-free solar project in Portugal|url=https://www.webwire.com/ViewPressRel.asp?aId=233151|access-date=2020-10-04|website=WebWire}}</ref>
=== Russia ===
Allianz started operations in Russia in 1990, with the following acquisition of one of the largest Russian insurance companies ROSNO. In 2018, after the global acquisition of [[Euler Hermes]], Allianz presence in Russian Federation was extended by its local credit insurance branch – Euler Hermes Russia.<ref>{{cite web|url=https://www.eulerhermes.com/ru_RU/about-us.html |access-date=17 August 2021 |title=Euler Hermes Russia |website=eulerhermes.com}}</ref> In June 2022, in the wake of the [[Russian invasion of Ukraine]] Allianz sold a 50.1% stake in its Russian operations to Russian company Interholding LLC, while retaining a 49.9% stake there. This was widely criticized by international activists.<ref>{{cite news | url=https://www.reuters.com/legal/litigation/allianz-keep-499-stake-russian-operations-after-sale-2022-06-03 | title=Allianz to keep 49.9% stake in Russian operations after sale | newspaper=Reuters | date=3 June 2022 }}</ref><ref>{{cite news | url=https://www.reuters.com/markets/deals/allianz-deal-sell-russia-operations-faces-delay-due-regulator-2022-11-10/ | title=Allianz deal to sell Russia operations faces delay due to regulator | newspaper=Reuters | date=10 November 2022 }}</ref>
===Slovakia===
[[File:Budova ASP.jpg|thumb|The headquarters of Allianz – Slovenská poisťovňa in [[Bratislava]]|328x328px]]
Allianz started its life and Property & Casualty (P&C) operation in Slovakia in 1993. In 2001 Allianz AG bought a majority stake in then state-owned Slovenská poisťovňa (SP, Slovak Insurance Company). Upon the purchase SP held a market share of well over 50%. Upon the purchase the local Allianz operation was merged with SP creating a new company Allianz&nbsp;– Slovenská poisťovňa.<ref>{{cite news |url=http://spectator.sme.sk/articles/view/4476/3/ |date=14 January 2002 |access-date=16 July 2013 |title=Allianz expands empire with SP |author=Ed Holt |newspaper=[[The Slovak Spectator]]}}</ref>
===Turkey===
[[File:Allianz Tower İstanbul.jpg|thumb|328x328px|Allianz Tower in [[Ataşehir]], [[Istanbul]]<ref name="Allianz_Tower_Istanbul"/><ref name="Allianz_Istanbul"/>]]
The affiliated services of Allianz in Turkey (through Şark Sigorta) started in 1923, while the direct presence of Allianz in the country began in 1988,<ref name="Allianz_TR">{{cite web|url=https://www.allianzteknik.com.tr/en/hakkimizda/allianz-sigorta-en|title=Allianz Sigorta|website=allianzteknik.com.tr|access-date=13 May 2023}}</ref> when the company partnered with Şark Sigorta together with the [[Tokio Marine]] insurance company of Japan.<ref name="Allianz_TR"/> In 1991, Şark Hayat Sigorta was founded.<ref name="Allianz_TR"/> In 1998, the two companies changed their names as Koç Allianz Sigorta and Koç Allianz Hayat Sigorta, respectively, and started operating under Allianz Sigorta and Allianz Hayat ve Emeklilik business titles,<ref name="Allianz_TR"/> upon the takeover of [[Koç Holding]]'s shares by Allianz in 2008.<ref name="Allianz_TR"/> Allianz Group made a new investment in Turkey in 2013 by acquiring Yapı Kredi Sigorta and Yapı Kredi Emeklilik.<ref name="Allianz_TR"/> In October 2013, Yapı Kredi Emeklilik was renamed as Allianz Yaşam ve Emeklilik.<ref name="Allianz_TR"/> In 2014, Allianz Sigorta and Yapı Kredi Sigorta were merged and the insurance operations were combined under the roof of Allianz Sigorta.<ref name="Allianz_TR"/>
In 2015, Allianz Turkey moved its head office to Allianz Tower in the [[Ataşehir]] district of [[Istanbul]].<ref name="Allianz_Tower_Istanbul">{{cite web|url=https://ronesans.com/en/projects/construction/allianz-tower|title=Allianz Tower, Istanbul|website=ronesans.com|publisher=Rönesans Holding|access-date=13 May 2023}}</ref><ref name="Allianz_Istanbul">{{cite web|url=https://www.guardianglass.com/tr/en/projects/project-details/allianz-tower|title=Allianz Tower|website=guardianglass.com|access-date=18 May 2023}}</ref><ref name="Allianz_TR"/><ref>{{cite web|url=https://www.allianz.com.tr/tr_TR/bize-katilin/allianzda-kariyer/calisma-ortamimiz/allianz-tower.html|title=Allianz Tower|website=allianz.com.tr|access-date=18 May 2023}}</ref> Ataşehir is home to the [[Istanbul Financial Center]] (IFC), opened in 2023.<ref name="ifm-aa">{{cite web|url=https://www.aa.com.tr/en/economy/istanbul-finance-center-opens-with-inauguration-of-banking-section/2874556|title=Istanbul Finance Center opens with inauguration of banking section|author=Tuba Ongun|publisher=[[Anadolu Agency]]|date=17 April 2023}}</ref><ref name="ifc-bloomberg-image">{{cite web|url=https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iNU2UmulMILU/v0/-1x-1.jpg|title=Image of the Istanbul Financial Center|website=bloomberg.com|date=10 May 2023}}</ref><ref name="ifm-1">{{cite web|url=https://ifm.gov.tr/properties|title=Istanbul Financial Center: Properties|website=ifm.gov.tr|access-date=13 May 2023}}</ref><ref name="ifm-2">{{cite web|url=https://ifm.gov.tr/dist/media/img/properties/index/main_bg.png|title=Image of the Istanbul Financial Center|website=ifm.gov.tr|access-date=13 May 2023}}</ref> The Allianz Campus operation center will be opened in [[İzmir]].<ref name="Allianz_TR"/>
===United Kingdom===
Allianz acquired British insurance company Cornhill Insurance plc in 1986, subsequently renamed Allianz Cornhill Insurance plc. This then simply became Allianz Insurance plc in April 2007.<ref>{{Cite web |title=ALLIANZ INSURANCE PLC overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/00084638 |access-date=2024-05-05 |website=find-and-update.company-information.service.gov.uk |language=en}}</ref> Allianz purchased [[Premierline]] in 2003, previously owning a 20% stake in the business and then later purchasing the remaining 80% stake in business.<ref>{{Cite web|url=https://www.insuranceage.co.uk/node/1191785|title=Allianz Cornhill purchases Premierline|date=2006-09-01|website=Insurance Age|language=en|access-date=2019-11-29}}</ref> Allianz Insurance plc owns [[Petplan UK]], the UK pet insurance provider. It also owns the high-net-worth insurance broker Home and Legacy, which it purchased in 2006.<ref>{{cite web |url=http://www.insurancejournal.com/news/international/2006/09/29/72886.htm |title=Allianz Cornhill to Change Name; Continue Expansion |publisher=Insurance Journal |date=29 September 2006 |access-date=16 July 2013}}</ref> Their IT [[captive unit]] in India, ACIS is located at [[Technopark, Trivandrum]], in Kerala.<ref>{{cite news |url=http://www.thehindubusinessline.in/2004/07/28/stories/2004072800881900.htm |title=Allianz Cornhill to set up BPO unit at Technopark |date=28 July 2004 |access-date=16 July 2013 |newspaper=The Hindu Business Line}}</ref> Allianz previously owned [[Kleinwort Benson]], which it inherited when it acquired [[Dresdner Bank]]. The investment bank has subsequently been merged with the corporate bank of Dresdner Bank and rebranded as [[Dresdner Kleinwort]].<ref>{{cite news |url=https://www.nytimes.com/2005/11/24/business/worldbusiness/24iht-dresdner.html |work=[[The New York Times]]|date=24 November 2005 |title=Dresdner to merge two key units}}</ref>
In 2017, Allianz acquired a stake in the general division of [[Liverpool Victoria]] for a deal worth up to £1bn. The deal had its personal lines go to Liverpool Victoria, creating a joint venture between the two firms, with the latter's commercial lines going to Allianz.<ref>{{Cite news|url=https://www.telegraph.co.uk/business/2017/08/04/allianz-buys-stake-lv-general-insurance-unit-deal-worth-1bn/ |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/business/2017/08/04/allianz-buys-stake-lv-general-insurance-unit-deal-worth-1bn/ |archive-date=12 January 2022 |url-access=subscription |url-status=live|title=Allianz buys stake in LV= general insurance unit in deal worth up to £1bn|last=Withers|first=Iain|date=4 August 2017|work=The Telegraph|access-date=2018-09-02|language=en-GB|issn=0307-1235}}{{cbignore}}</ref>
In 2019, Allianz paid a total of £800 million to purchase the remaining 51% stake in the general insurance division of [[Liverpool Victoria]] ending the joint venture between the firms as well as taking over the whole of the general insurance arm of [[Legal & General]].<ref>{{cite news |date=31 May 2019 |title=Allianz seals two deals to become UK's second largest general insurer |url=https://www.theguardian.com/business/2019/may/31/allianz-seals-two-deals-uk-second-largest-general-insurer-legal-general-lv/ |access-date=4 July 2020 |work=[[The Guardian]] |publisher=}}</ref>
The deal has concluded with both firms now part of the Allianz group of companies starting on 1 January 2020 with the L&G division being officially renamed Fairmead Insurance.<ref>{{cite web|url=https://beta.companieshouse.gov.uk/company/00423930/filing-history|title=Fairmead Insurance|publisher=Companies House|access-date=28 February 2020}}</ref>
===United States===
Allianz has a presence within the United States, including [[Allianz Life|Allianz Life Insurance Company of North America]] and Allianz Global Corporate & Specialty (which incorporates [[Fireman's Fund]]). Allianz Life Insurance Company of North America has been ranked among the 100 best companies to work for by ''[[Fortune (magazine)|Fortune]]''.<ref>{{cite magazine |url=https://money.cnn.com/magazines/fortune/best-companies/2013/snapshots/59.html |title=100 Best Companies to Work For: Allianz Life Insurance Company of North America |access-date=16 July 2013 |magazine=[[Fortune Magazine]]}}</ref> Allianz's investment arm includes two asset managers, [[PIMCO]] and [[Allianz Global Investors]], also referred to as AllianzGI or AGI.<ref>{{Cite web|url=https://www.pionline.com/money-management/allianz-assets-pimco-and-agi-record-net-inflows|title=Allianz assets up as PIMCO and AGI record net inflows|date=12 May 2021|website=Pensions & Investments}}</ref><ref>{{Cite web|url=https://www.pionline.com/money-management/allianz-aum-reaches-record-high-pimco-agi-record-net-inflows|title=Allianz AUM reaches record high as PIMCO, AGI record net inflows|date=19 February 2021|website=Pensions & Investments}}</ref><ref>{{Cite news|url=https://www.ft.com/content/c600db4c-d3dd-11e5-8887-98e7feb46f27|title=Pimco and AllianzGI: a tale of two fund houses|first=Attracta|last=Mooney|newspaper=Financial Times |date=18 February 2016}}</ref>
==Senior management==
The Allianz [[board of directors]] is chaired by Oliver Bäte and includes Sergio Balbinot, Sirma Boshnakova, Dr. Barbara Karuth-Zelle, Klaus-Peter Röhler, Ivan de la Sota, Giulio Terzariol, Günther Thallinger, Christopher Townsend, Renate Wagner and Dr. Andreas G. Wimmer.<ref>{{Cite web |title=Allianz {{!}} Board of Management |url=https://www.allianz.com/en/about-us/corporate-management/board-of-management.html |access-date=2022-12-27 |website=Allianz.com |language=en-GB}}</ref>
=== CEOs to date ===
{| class="wikitable"
|-
! Years
! Name
|-
| 1890–1904
| [[Carl von Thieme]]
|-
| 1894–1921
| [[Paul von der Nahmer]]
|-
| 1921–1933
| [[Kurt Schmitt]]
|-
| 1933–1948
| [[Hans Hess (CEO)|Hans Hess]]
|-
| 1948–1961
| [[Hans Goudefroy]]
|-
| 1962–1971
| [[Alfred Haase (CEO)|Alfred Haase]]
|-
| 1971–1991
| [[Wolfgang Schieren]]
|-
| 1991–2003
| [[Henning Schulte-Noelle]]
|-
| 2003–2015
| [[Michael Diekmann]]
|-
| 2015–today
| [[Oliver Bäte]]
|}
==Sponsorships==
[[File:Allianz Arena Pahu.jpg|left|thumb|The [[Allianz Arena]] in Munich, Germany]]
[[File:Imagens_da_Cidade_de_São_Paulo_e_Zoológico_da_Capital_Paulista._(47480340301).jpg|thumb|left|[[Allianz Parque]] in [[São Paulo]], Brazil]]
Allianz holds [[naming rights]] to the [[Allianz Arena]], a [[association football|football]] stadium in north Munich. The professional Munich football club [[FC Bayern Munich|Bayern Munich]] have played their home games at Allianz Arena since the start of the 2005–06 season.<ref>{{cite web |url=http://www.fcbayern.telekom.de/en/company/company/allianz/ |title=ALLIANZ ARENA: The Allianz Arena |access-date=16 July 2013}}</ref> [[TSV 1860 München]] played their home games at Allianz Arena until the end of the 2016–17 season. Other stadiums associated with Allianz include the [[Allianz Parque]] football stadium in [[São Paulo]], Brazil, the [[Allianz Riviera]] football stadium in [[Nice]], France, the [[Juventus Stadium|Allianz Stadium]] football stadium in [[Turin]], Italy, the [[Allianz Stadion]] football stadium in [[Vienna]], Austria and [[Allianz Field]] soccer stadium (for [[Minnesota United FC|Minnesota United]] in [[Major League Soccer]]) in [[Minnesota]], United States.<ref>{{cite web |url=https://www.ilgazzettino.it/nordest/trieste/l_alma_arena_cambia_nome_sara_allianz_dome_fino_al_2023-3794632.html |author=<!--Staff writer(s); no by-line.--> |date=13 June 2018 |title=L'Alma Arena cambia nome: sarà Allianz Dome fino al 2023 |website=ilgazzettino.it |access-date=17 June 2018 |language=it |trans-title=Alma Arena changes name: it will be Allianz Dome until 2023}}</ref>
Allianz had been in negotiations with the [[New York Jets]] and the [[New York Giants|Giants]] to buy naming rights to the New Meadowlands Stadium (now known as [[MetLife Stadium]]) in [[East Rutherford, New Jersey]], but those talks ended in September 2008, due to opposition from Jewish groups and [[Holocaust]] survivors.<ref>{{cite web |title=NFL Football: Giants, Jets end naming rights talks with Allianz |url=https://www.jpost.com/Sports/NFL-Football-Giants-Jets-end-naming-rights-talks-with-Allianz |work=[[The Jerusalem Post]] |access-date=31 January 2020 |date=15 September 2008}}</ref>
Allianz owned the Polish football team [[Górnik Zabrze]] but sold its shares in the club in April 2011.<ref>{{cite news|url=http://sportslaski.pl/gornik-zabrze-podpisal-umowe-z-allianz-polska-zadluzenie-obnizone,sport-slaski,33492,info.html |title=Górnik Zabrze podpisał umowę z Allianz Polska. Zadłużenie obniżone |date=29 December 2011 |access-date=16 July 2013 |publisher=Sport Slaski |url-status=dead |archive-url=https://web.archive.org/web/20131217074234/http://sportslaski.pl/gornik-zabrze-podpisal-umowe-z-allianz-polska-zadluzenie-obnizone%2Csport-slaski%2C33492%2Cinfo.html |archive-date=17 December 2013 }}</ref> Allianz has been involved in Formula One since 2000, firstly as a sponsor of the [[WilliamsF1|AT&T Williams F1 Team]],<ref>{{cite magazine |url=http://www.highbeam.com/doc/1G1-62301420.html |archive-url=https://web.archive.org/web/20140610085829/http://www.highbeam.com/doc/1G1-62301420.html |url-status=dead |archive-date=10 June 2014 |title=BMW Williams F1 signs sponsorship deal with Allianz |date=25 May 2000 |access-date=16 July 2013 |magazine=Marketing Week}}</ref> and since 2011 as a sponsor of the Mercedes GP Petronas team.<ref>{{cite news |url=http://www.sportindustry.biz/news/view/9146/allianz-seals-mercedes-gp-f1-deal |title=ALLIANZ SEALS MERCEDES GP F1 DEAL |date=1 February 2011 |access-date=16 July 2013 |publisher=SportIndustry.biz}}</ref> In 2009 Allianz signed an agreement to become the Global Partner of the [[St. Andrews Links Trust]].<ref>{{cite web |url=http://www.golfbusinessnews.com/news/courses/environmental-award-for-st-andrews-links/ |title=Environmental award for St Andrews Links |date=7 November 2009 |access-date=16 July 2013 |publisher=Golf Business News}}</ref> In early 2012, Allianz entered an agreement with the Sydney Cricket & Sports Ground Trust which oversaw the Sydney Football Stadium being renamed [[Sydney Football Stadium (1988)|Allianz Stadium]].<ref>{{cite web |url=https://www.allianz.com.au/media/news/2012/sydney-football-stadium-renamed-allianz-stadium |title=Sydney Football Stadium Renamed Allianz Stadium |year=2012 |access-date=16 July 2013}}</ref> 2012 also saw Allianz partner up with [[Saracens F.C.|Saracens]] to be their main shirt sponsor as well as securing an £8 million deal for naming rights to their new [[Barnet Copthall|Copthall Stadium]] home which became Allianz Park.<ref>{{cite news |url=https://www.standard.co.uk/sport/rugby/saracens-clinch-8m-allianz-deal-for-stadium-and-shirts-7972866.html |title=Saracens clinch £8m Allianz deal for stadium and shirts |date=24 July 2012 |access-date=16 July 2013 |newspaper=[[London Evening Standard]] |author=Chris Jones}}</ref> This deal was terminated on 25 October 2020 following the conclusion of the [[2019–20 Premiership Rugby|2019–20 season]].<ref>{{cite web |title=Allianz and Saracens |url=https://www.allianz.co.uk/news-and-insight/news-blogs-and-press-releases/2020/02/allianz-and-saracens.html |work=Allianz Insurance PLC |access-date=13 February 2020}}</ref>
[[Image:Rubens Barrichello 2009 Italy 3.jpg|thumb|Allianz has been a key sponsor of [[Formula One]] since 2000.]]
The company has also been the sponsor of other sports, including the [[Women's British Open]] (golf), [[Allianz Open de Lyon]] (golf), [[Allianz Golf Open du Grand Toulouse]] (golf), [[Swiss Open (tennis)|Swiss Open]] (tennis), [[Allianz Cup]] (tennis), [[Boca Raton Championship]] (golf), [[La Liga]] (football), [[Premier League]] (football), [[World Aquatics Swimming World Cup]] (swimming), and [[World Athletics Championships]] (athletics) events.<ref>{{cite news |url=http://www.sportspromedia.com/news/allianz_to_sponsor_recari_and_womens_british_open/ |title=Allianz to sponsor Recari and Women's British Open |access-date=17 July 2013 |date=3 July 2013 |publisher=Sports Pro Media |author=David Cushnan}}</ref><ref>{{cite news |url=http://www.sportspromedia.com/news/allianz_to_sponsor_finas_barcelona_showpiece/ |title=Allianz to sponsor FINA's Barcelona showpiece |access-date=17 July 2013 |date=28 June 2013 |publisher=Sports Pro Media |author=Rachel Warnes}}</ref><ref>{{cite web |url=http://www.pgatour.com/champions/tournaments/allianz-championship.html |title=Allianz Championship: Friday Feb 8 – Sunday Feb 10, 2013 |access-date=17 July 2013}}</ref>
In Ireland, the national [[Gaelic football]] league is officially named the [[Allianz National Football League]], and the national [[hurling]] league is officially named the [[Allianz Hurling League]].
In Italy, the company is the title sponsor of the main basketball club of [[Trieste]], officially known [[Allianz Pallacanestro Trieste]].<ref>{{cite web |url=http://web.legabasket.it/news/125741/inizia_l___era_allianz_pallacanestro_trieste |title=Inizia l'era Allianz Pallacanestro Trieste|author=<!--Staff writer(s); no by-line.--> |website=legabasket.it |access-date=29 November 2019 |language=it |trans-title=The Allianz Pallacanestro Trieste era begins }}</ref>
Allianz is also the official worldwide insurance partner of the [[2022 Winter Olympics]] and [[2022 Winter Paralympics|Paralympics]], the [[2024 Summer Olympics]] and [[2024 Summer Paralympics|Paralympics]], the [[2026 Winter Olympics]] and [[2026 Winter Paralympics|Paralympics]], and the [[2028 Summer Olympics]] and [[2028 Summer Paralympics|Paralympics]].<ref name="OlympicsSponsorship">{{cite web |url=https://olympics.com/ioc/partners/allianz |website=olympics.com |title=Olympic Partner Programme}}</ref><ref>{{Cite web |title=Allianz is the Worldwide Olympic and Paralympic Insurance Partner |url=https://www.allianz.com/en/about-us/brand/partnerships/olympic-paralympic-movements.html |access-date=2024-09-04 |website=Allianz}}</ref>
==Nazi-era activities and litigation==
[[Image:Berlin, Allianz-Versicherungs-Generaldirektion 03.jpg|thumb|right|The former Allianz head office in [[Berlin]]|235x235px]]
In 1993, Henning Schulte-Noelle commissioned an archive for corporate history, becoming the first Allianz CEO to address the company's activities during [[Nazi Germany]]. In 1997, Schulte-Noelle asked [[Gerald Feldman]], a [[University of California-Berkeley]] history professor, to undertake a larger research project on Allianz's past involvement with Nazi Germany.<ref>{{cite news|url=http://www.newjerseynewsroom.com/professional/how-adolf-hitler-and-the-nazis-cost-the-giants-and-jets-30-million-a-year|title=How Adolf Hitler and the Nazis cost the Giants and Jets $30&nbsp;million a year|last=Weiner|first=Evan|date=11 August 2010|work=NewJerseyNewsroom.com|access-date=16 July 2013|archive-url=https://web.archive.org/web/20150109031849/http://www.newjerseynewsroom.com/professional/how-adolf-hitler-and-the-nazis-cost-the-giants-and-jets-30-million-a-year|archive-date=2015-01-09|url-status=dead|publisher=New Jersey Newsroom}}</ref> After research began, Jewish World War II survivors and their descendants took Allianz and other European insurance companies to court, accusing them of unpaid insurance policies.<ref>{{Cite web |date=November 10, 1999 |title=Nazi-Era Compensation Claims Time Is Running Out |url=http://www.businessweek.com/bwdaily/dnflash/nov1999/nf91110c.htm |url-status=dead |archive-url=https://archive.today/20130718161456/http://www.businessweek.com/bwdaily/dnflash/nov1999/nf91110c.htm#selection-2855.0-2855.49 |archive-date=July 18, 2013 |website=[[Bloomberg Businessweek]]}}</ref> Allianz and four other insurers supported the creation of the [[International Commission on Holocaust Era Insurance Claims]] (ICHEIC).<ref>{{cite news |author=Ben Wolford |date=9 February 2013 |title=Holocaust survivors again picketing golf tournament |newspaper=[[Sun-Sentinel]] |url=http://articles.sun-sentinel.com/2013-02-09/news/fl-holocaust-protest-20130209_1_holocaust-survivors-allianz-golf-championship-david-schaecter |access-date=16 July 2013 |archive-url=https://web.archive.org/web/20150921144057/http://articles.sun-sentinel.com/2013-02-09/news/fl-holocaust-protest-20130209_1_holocaust-survivors-allianz-golf-championship-david-schaecter |archive-date=September 21, 2015}}</ref>
Furthermore, Allianz became a founding member of the German foundation Remembrance, Responsibility and Future.<ref>{{cite news |date=16 February 1999 |title=The Economy: German industry unveils Holocaust fund |publisher=[[BBC]] |url=http://news.bbc.co.uk/2/hi/business/280475.stm |url-status=dead |access-date=16 July 2013 |archive-url=https://web.archive.org/web/20131022233658/http://news.bbc.co.uk/2/hi/business/280475.stm |archive-date=October 22, 2013}}</ref> Feldman published the comprehensive results of his research in September 2001. Based on these results Allianz established an exhibition in the Archive for Corporate History and on the Internet.<ref>{{cite news |author=Sandomir |first=Richard |date=10 September 2008 |title=Naming Rights and Historical Wrongs |work=The New York Times |url=https://www.nytimes.com/2008/09/10/sports/football/10sandomir.html |access-date=16 July 2013 |archive-url=https://web.archive.org/web/20230401075843/https://www.nytimes.com/2008/09/10/sports/football/10sandomir.html |archive-date=April 1, 2023}}</ref> The research concluded that Allianz, as an organization and through its corporate officers, voluntarily partnered with the [[Nazi]] Regime and Nazi Germany, starting as early as the early 1930s and continuing all the way through to the collapse of Nazi Germany.<ref name="hnet">{{cite web |author=Engels |first=Marc |date=February 2004 |title=H-NET BOOK REVIEW |url=http://www.h-net.org/reviews/showrev.php?id=8841 |archive-url=https://web.archive.org/web/20140112055029/https://www.h-net.org/reviews/showrev.php?id=8841 |archive-date=January 12, 2014 |access-date=16 July 2013}}</ref>
Feldman summarized his findings stating: "It was just one more piece of business in the Third Reich, but it demonstrated that such pieces on any large scale made contact at some point with all that is represented by the name 'Auschwitz'– from slave labor to extermination&nbsp;– virtually inescapable."<ref>Gerald D. Feldman: "Allianz and the German Insurance Business, 1933–1945", Cambridge University Press, 2001</ref>
Allianz had been a major supporter of the NSDAP, financially contributed to their growth before 1933, and the Director of Allianz was not only an early party member, but he became a cabinet minister in Hitlers first cabinet. [[Kurt Schmitt]] was Reich Economy Minister from 1933 to 1934, and he was deeply anti-Semitic. He had been on the Allianz board of directors from 1921 to 1933. During the war, Allianz provided coverage throughout the Reich until 1945.
[[Brigadeführer|Major General]] [[Gustav Lombard]], the former commander of the [[Waffen-SS]]’ [[8th SS Cavalry Division Florian Geyer]], worked for Allianz in [[Munich]] after the war's end.
==See also==
{{Portal|Banks|Germany|Companies}}
* [[The Geneva Association]]
* [[Euler Hermes]]
==References==
{{Reflist}}
==External links==
{{Commons}}
* {{official website}}
* {{PM20|FID=co/000929|TEXT=Documents and clippings about|NAME=}}
* {{cite book
|last1                = Eggenkämper
|first1               = Barbara
|last2                = Modert
|first2               = Gerd
|last3                = Pretzlik
|first3               = Stefan
|translator-last1     = Chase
|translator-first1    = Jefferson
|translator-last2     = Greeves
|translator-first2    = David R.
|translator-last3     = Slater
|translator-first3    = Timothy
|translator-last4     = Sutcliffe
|translator-first4    = Patricia
|translator-last5     = Szobar
|translator-link5     = Patricia
|year                 = 2015
|title                = Allianz
|language             = en
|publication-place    = Munich
|publisher            = Verlag C.H.Beck
|pages                = 432
|isbn                 =9783406678219
}}
* [https://www.allianz-assistance.ae/en_AE.html Allianz Travel Insurance]
{{Allianz}}
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