Allianz Group is one of the largest financial services providers in the world. It offers its customers tailor-made solutions in the areas of property and casualty insurance, life and health insurance, asset management and banking.
Allianz SE
Allianz Group is one of the largest financial services providers in the world. It offers its customers tailor-made solutions in the areas of property and casualty insurance, life and health insurance, asset management and banking.
In order to strengthen its position as a leading financial services provider in its European home market, Allianz repositioned itself last year. An important cornerstone of this repositioning was the conversion of Allianz AG into a European Company (SE - Societas Europaea). Furthermore, the insurance activities in Germany were consolidated under a newly created German holding company.
At a Glance:
With approximately 180,000 employees worldwide (as of March 31, 2008), the Allianz Group serves more than 80 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence.
In fiscal 2007 the Allianz Group achieved total revenues of over 102 billion euros. Allianz is also one of the world’s largest asset managers, with third-party assets of 765 billion euros under management at year end 2007.
In 2006 Allianz SE, the parent company, became the first company in the Dow Jones EURO STOXX 50 Index to adopt the legal form of a Societas Europaea, which is a new European legal form for stock corporations. Allianz SE is headquartered in Munich, Germany.
Strategy & Values of Allianz:
With its overall "3+One" program, Allianz is pursuing four important goals:
1. protecting and enhancing the capital base,
2. substantially strengthening the operating profitability, and
3. reducing complexity.
These efforts have been made towards increasing our +One component of the program - the sustainable competitiveness and value.
+One initiatives include Customer Focus, Sustainability, Leadership Values, and Global Brand and Communication. The definition of Growth Markets (China, Russia and India) and the systematic exploration of future growth areas are examples of measures to secure long-term value.
