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ISIN code: DE0008404005
Sector: Finance
Industry: Multi-line insurance
Le actions of Allianz are listed on the German market under the ticker ALV.
View the stock's listing history on the Xetra index
Company Description
Allianz SE is a European company operating in the insurance and financial services sector. It also offers banking services. The company originated in Germany and is headquartered in Munich, Germany.
It is among the leading global insurance groups. As of 2020, Allianz has become the largest insurance company in the world with $1.134,954 billion in assets.
Allianz operates in more than 70 countries and has more than 100 million customers worldwide. It has 150,269 employees.
Le Allianz shares I'm al 100% in the floating market. 21,5% of the shares are in private hands and 78,5% are owned by institutional investors. As of 31 December 2020 the share register of Allianz SE counted 703.254 shareholders.
The geographical breakdown of shareholders mainly sees investors from Germany (36,6%) and the Rest of Europe (42,4%) followed by Central and North America (15,2%) and Asia Australia and Africa (5,8%) .
Among the major institutional investors we find:
- The Vanguard Group Inc., 2,58%
- Norges Bank Investment Management, 2,37%
- DWS Investment GmbH, 1,93%
- Harris Associates L.P., 1,15%
- BlackRock Advisors (UK) Ltd., 1,12%
Allianz shares are currently trading at around €200.
Il turnover, in 2020, was 140,5 billion euros with a net profit of 7,133 billion.
Based on the activities, the revenues are distributed as follows:
- health and life insurance (52,5%)
- non-life insurance (42,1%);
- asset management (5,2%)
- banking services(0,2%)
Le subsidiary companies of Allianz are:
- Allianz France
- Allianz Worldwide Care
- Allianz Global Investors
- risk lab
- Allianz Partners
- Allianz Insurance plc
- Allianz Global Corporate and Specialty
- Allianz Life
- marine club
- Hunter Premium Funding
- Allianz Marine & Transit
- Euler Hermes
- Mondial Assistance Group
- AllianzTechnology
- PIMCO extension
- Bajaj Allianz
Allianz has holdings in various companies, among which there are:
- Zagrebacka Banka DD , 11,7%
- Allianz Malaysia Berhad, 65,0%
- Allianz Ayudhya Capital Public Company Limited (Ayud), 49,1%
- Banca Transilvania SA, 5,25%
- American Well Corporation, 5,38%
- Electric Energy Company, 5,30%
- Teraplast SA, 6,51%
- First Philippine Holdings Corporation, 8,33%
In March 2021, Allianz rose to 3,11% of shares in Unicredit effectively becoming the third shareholder of the Milanese bank.
Allianz SE has been present in Italy since 1 October 2007 under the name Allianz SpA. The pre-existing ones were incorporated into the new company Allianz Subalpina, Adriatic Lloyd, and RAS which have been transformed into commercial divisions. In 2013 these three commercial divisions are placed under a single Allianz brand.
In Italy the company can count on a network of around 2.200 agencies.
From Allianz SpA group they are part of:
- Allianz Direct (formerly Genialloyd)
- Allianz Global Assistance
- CreditRas Assicurazioni and CreditRas Vita
- Allianz Bank Financial Advisors SpA
- Investors SGR
- HUMAN MIND Foundation
Allianz, to consolidate its brand in the world, has launched various sponsorships especially in sports. Through naming rights agreements, the football stadiums of Bayern Munich, Juventus, Nice, Palmeiras and Sydney FC are named after him.
Economic and financial analysis of the company
Allianz was born during the German Empire in 1890 in Berlin.
In 1905, it began offering fire insurance, and in 1911, it began selling machinery breakdown policies.
In 1918 it also offers car insurance.
From 1922, Allianz began offering life insurance.
In the 20s it became the largest European policy provider.
In 1927 the company merged with the Stuttgarter Verein Versicherung AG and two years later acquires the insurance business of Favag, a German insurer that filed for bankruptcy due to the onset of the Great Depression.
Allianz was a major supporter of the National Socialist movement: the head of Allianz was a member of the first cabinet of Hitler and in the 1933 Kurt Schmitt, general manager of Allianz, was appointed Minister of Economy.
After the end of the war the headquarters of Allianz was moved to Munich, due to the division between East and West Germany.
It begins to expand and set up offices and branches outside the German borders. He opens an office in Paris in 1959 and in Italy in the sixties.
In the 70s it expanded to Great Britain, the Netherlands, Spain, Brazil and the United States of America.
In 1986, Allianz acquires the Cornhill Insurance PLC, a London insurance company, and a stake in Adriatic Safety Meeting (RAS), insurance company of Trieste.
In 1990, it expanded into Eastern Europe entering eight states.
Acquires Fireman's Fund, a US money market fund and a stake in Assurances Generales de France (AGF) of Paris and begins to expand into Asia through joint ventures and acquisitions.
In 1999, Allianz buys the investment management company PIMCO extension.
In 2001, Allianz bought the Dresdner Bank, German bank, for 30,7 billion euros, forming Allianz Dresdner Asset Management which will later become in 2004 Allianz Global Investors.
In September 2005, Allianz announced it would become one European company, becoming one of the first major companies to do so. The conversion took place with the acquisition of 100% of the main Italian subsidiary, Riunione Adriatica di Sicurtà (RAS) for about 7 billion dollars in October 2006.
In 2008 Allianz was considered the largest insurer in Europe.
In August 2008, announces the sale of Dresdner Bank a Commerzbank. The sale of 100% of the bank took place in 2009 for a sum of 5,5 billion euros. Shortly after the completion of the transaction, Commerzbank was partially nationalized by the German government to save it from bankruptcy.
In September 2012 he created a collaboration with the Volkswagen group. The two companies create a Volkswagen autoversicherung ag, 51% owned by Volkswagen Financial Services AG, and 49% by Allianz, with the aim of providing auto insurance to customers of the German automotive group.
In 2013 it was founded Allianz, the digital investment unit of Allianz.
In August 2015, a consortium led by Allianz acquired the German group of motorway service stations Tank & rest.
In October 2020, Allianz was named the world's top insurance brand in the ranking of the best global brands by Interbrand.
The latest news about Allianz
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When there's good cash, some companies opt for buybacks. But be careful: buying back shares isn't always an act of generosity towards the stockholders. Sometimes it's more of an act of discipline, says eToro's Debach. Other companies, even with good cash, don't buy back shares. Here's why.
Allianz and Amundi interrupt negotiations: the wedding of the year in managed savings is cancelled
According to rumours, the negotiations fell through due to doubts over the distribution of control of the enlarged entity
The Finance Guide by FIRSTonline and Ref Ricerche becomes a book and an ebook in the month of Financial Education
On the occasion of Financial Education Month, the Guide to Finance – Financial Education for Everyone is being released these days as a free ebook in the main online bookstores, published in 16 languages by FIRSTonline and produced by Ref Ricerche in collaboration with Allianz Bank Financial Advisors. The paper publication of the Guide can instead be requested by the buyer with Print on Demand…
Unicredit, the move in insurance: life bancassurance activities reabsorbed in Italy, internationalization underway
Acquired the stakes of Cnp Assurances and Allianz in Life. The operation will allow Unicredit to accelerate growth in a sector based on commissions and with good profitability. The impact on Cet1 is estimated at 20 basis points
Allianz ready to acquire 51% of Income Insurance for 1,5 billion euros
German insurance giant Allianz has announced the acquisition of 51% of Income Insurance, a leading company in Singapore, for 1,5 billion euros (2,2 billion Singapore dollars). The transaction aims to expand Allianz's presence in Asia-Pacific and positions it as the fourth largest composite insurance company in the region