Allianz Net Worth is$56.3 B
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Company Name: Allianz SE
Company Type: European Company Regulation
Traded As: ALV
Foundation: 1891 (Berlin)
Location: Munich, Germany
Area Served: Worldwide
Key People: Michael Diekmann (chief executive officer),
Industry: Financial services
Products: Insurance, banking, investment management
Revenue: Euro106.451 billion (2010) Operating Income: €8.243 billion (2010) Net Income: €5.053 billion (2010) Assets: €624.95 billion (end 2010) Equity: €46.56 billion (end 2010) Num Employees: 151,340 (end 2010) Homepage: []
Subsid: AGF (company), PIMCO
Intl: yes
Allianz (helpA?info) SE is a German multinational financial services company headquartered in Munich, Germany. Its core business and focus is insurance. As of 2010, it was the world's 12th-largest financial services group and 23rd-largest company according to a composite measure by Forbes magazine.
Its Allianz Global Investors division ranks as a top-five global active investment manager, having a??1,443 billion of assets under management (AuM), of which a??1,131 billion are third-party assets (as of 2010-09-30), with specialized asset managers including PIMCO (Bonds), RCM (Equities) and Degi (Real estate).
Allianz sold Dresdner Bank to Commerzbank in November 2008. As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank Group.
Allianz AG was founded in Berlin on 5 February 1890 by Carl von Thieme (a native of Erfurt, whose father was the director of Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co bank). The first step to become an international company started with the opening of a branch office in London in the late 19th century.
Allianz shifted its headquarters to Munich in 1949. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in the late 1950s, and a management office for Italy in the 1960s. 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 PLC, London, and the purchase of a stake in Riunione Adriatica di SicuritA (RAS), Milan, strengthened its presence in Western and Southern Europe in the 1980s.
In 1990, Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary. In the same decade, Allianz also acquired Firemana??s Fund, an insurer in the United States, which was followed by the purchase of Assurances GA(C)nA(C)rales de France (AGF), Paris.

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Allianz Latest News

Talking points from Allianz Park as the Scarlets suffer key injuries against the Champions Cup holders

Scarlets' Liam Williams goes off injured during the European Champions Cup against Saracens on Saturday Hardly anybody gave the Scarlets a hope of upsetting European and English champions Saracens in the Champions Cup... and so it proved. But what were the ...
Posted: October 23, 2016, 7:22 am

Allianz (ETR:ALV) has been upgraded to Buy in a report by DZ BANK today.

DZ BANK has upgraded Allianz (ETR:ALV) to Buy in a report released on 10/14/2016. Yesterday Allianz (ETR:ALV) traded -0.89% lower at 135.55EUR. ALV’s 50-day average is 105.39EUR and its two hundred day average is 112.26EUR. The last close is up -10.66% ...
Posted: October 14, 2016, 1:00 am

Allianz Becomes Travel Insurance Provider for Priceline

On Tuesday, travel insurance provider Allianz Global Assistance announced that it has partnered with travel website Priceline to become the supplier of travel insurance on and the Priceline Partner Network. For travelers booking their flights ...
Posted: October 19, 2016, 10:00 pm
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