Allianz

German multinational financial services company

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March 26 2025 Announcement made that Allianz's life operations in Sri Lanka will be acquired by Softlogic Life Insurance.
March 19 2025 Allianz agreed to exit its joint venture in India by selling its 26% stake in Bajaj Allianz to Bajaj Finserv Limited for approximately €2.6 billion.
March 19 2025 Allianz announced its participation in a consortium to purchase Viridum Group for €3.5 billion, partnering with BlackRock and T&D Holdings as part of a life insurer consolidation platform.
February 28 2025 Allianz Australia and AWP Australia were fined $16.8m by the Commonwealth Director of Public Prosecutions for false and misleading statements, following an ASIC investigation.
February 18 2025 Identified as the lead insurer for the Delta Airlines flight crash at Toronto Pearson International Airport.
January 13 2025 Allianz announced a collaboration with Fudan University to support research into finance and insurance, and sponsored the Allianz Auditorium.
January 6 2025 Allianz Australia announced the sale of its subsidiary Hunter Premium Funding to Pemba Capital Partners.
December 2024 Withdrew offer to acquire at least 51% of Singapore's Income Insurance, initially proposed in July 2024, due to criticism about potentially affecting affordable insurance for lower-income workers.
2023 Notable increase in net income to 14.7 billion euros, with total assets decreasing to 983.0 billion euros and employee count slightly reducing to 157,883.
2023 Allianz was ranked 37th in the Forbes Global 2000 list, highlighting its continued global significance in the financial services sector.
April 2023 Put its 5% stake in fintech company N26 up for sale, with N26 valued at $3 billion.
2022 Allianz renewed its naming rights sponsorship deal for the Sydney Football Stadium for an additional six years.
2022 Further growth with revenue reaching 152.7 billion euros, slightly improved net income of 7.2 billion euros, and workforce growing to 159,253 employees.
2022 Allianz reported annual earnings of €7.2 billion, with a total annual revenue of €152.7 billion, representing a 2.8% increase from the previous fiscal year.
June 2022 In response to 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, a move that was widely criticized by international activists.
May 17 2022 Agreed to pay $6 billion in U.S. fraud case related to the collapse of Structured Alpha funds during the COVID-19 pandemic.
February 2022 Allianz acquired 72% of European Reliance for €207 million, expanding its presence in the Greek insurance market.
2021 Continued recovery with revenue increasing to 148.5 billion euros, maintaining net income at 7.1 billion euros, and employee count rising to 155,411.
2021 As of Q1, Allianz's asset management division reported €2,432 billion in assets under management, with €1,775 billion being third-party assets.
September 30 2021 Asset management chief Jacqueline Hunt stepped down following investigations into fund losses, remaining as a consultant.
August 1 2021 Disclosed that the United States Department of Justice launched a probe into Allianz regarding losses in Structured Alpha Funds.
February 2021 Allianz agreed with CITIC Trust to acquire the 49% minority stake of Allianz China Life Insurance Co, becoming China's first wholly foreign-owned insurance asset management company.
January 2021 Allianz group received authorization from the China Banking and Insurance Regulatory Commission to establish Allianz Insurance Asset Management in Beijing, owned by Allianz China Iamc.
2020 Despite the global pandemic, Allianz maintained stable performance with revenue of 140.5 billion euros, net income of 7.1 billion euros, and workforce expanding to 150,269 employees.
October 2020 Named the world's top insurance brand by Interbrand's Best Global Brands Ranking.
October 25 2020 Terminated naming rights and sponsorship deal with Saracens rugby club following the conclusion of the 2019–20 season.
August 2020 Allianz announced the selling of its closed classical life insurance retail insurance book with covering assets such as mortgages to Monument Re.
January 1 2020 Both Liverpool Victoria and Legal & General's division became part of the Allianz group, with the L&G division being officially renamed Fairmead Insurance.
2019 Allianz paid £800 million to purchase the remaining 51% stake in Liverpool Victoria's general insurance division, ending the joint venture and taking over the general insurance arm of Legal & General.
2019 Company experienced growth with revenue increasing to 142.4 billion euros, net income rising to 8.3 billion euros, and employee count growing to 147,268.
April 9 2019 Allianz initiated a cooperative partnership with Cynet, an Israeli cybersecurity company specializing in threat detection and response, to enhance the company's security infrastructure and resilience against potential cyber threats.
2018 Allianz extended its presence in the Russian Federation after the global acquisition of Euler Hermes, establishing a local credit insurance branch called Euler Hermes Russia.
2018 Allianz, through Allianz Capital Partners, acquired the largest subsidy-free solar project in Portugal, marking a significant investment in renewable energy infrastructure in the country.
2018 Allianz reported annual revenue of 132.3 billion euros with a net income of 7.7 billion euros and 142,460 employees.
2017 Allianz acquired a stake in the general division of Liverpool Victoria for up to £1bn, creating a joint venture with personal lines going to Liverpool Victoria.
2015 Allianz Turkey relocated its head office to Allianz Tower in the Ataşehir district of Istanbul.
August 2015 A consortium led by Allianz acquired German motorway service station group Tank & Rast for an estimated €3.5 billion.
2014 Allianz Canada merged with TIC Travel Insurance, becoming one of the largest insurance companies in Canada.
2014 Allianz Sigorta and Yapı Kredi Sigorta were merged, combining their insurance operations under Allianz Sigorta.
2013 Founded Allianz X, a technology investment fund headed by Nazim Cetin.
October 2013 Yapı Kredi Emeklilik was renamed to Allianz Yaşam ve Emeklilik after Allianz Group acquired Yapı Kredi Sigorta and Yapı Kredi Emeklilik.
2012 Partnered with Saracens rugby club as main shirt sponsor and secured naming rights for Copthall Stadium, which became Allianz Park.
2012 Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to form Allianz Benelux.
2012 Allianz Australia announced a multi-year agreement to become the naming rights sponsor of the Sydney Football Stadium.
April 2011 Allianz sold its shares in the Polish football club Górnik Zabrze.
September 2010 Allianz began selling insurance products through Commerzbank branches, expanding its distribution network in Germany.

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