In the third quarter of 2023, German insuranc giant Allianz achieved a significant increase in its business volume, reporting a 4.5 percent rise to 36.5 billion euros. However, the company faced a 14.6 percent decrease in operating profit, amounting to 3.5 billion euros. This decline was largely attributed to the Property-Casualty business segment, which experienced […]
In the latest financial update, Allianz, the German multinational financial services powerhouse, reported a 7.1% surge in its operating profit, amounting to 3.8 billion euros for the second quarter of 2023. A deeper dive into the data reveals substantial growth across various business segments. Key 2Q 2023 Financial Highlights: A notable 5.9% rise in total […]
Aviva, a UK-based multinational insurance company, has agreed to divest its Polish business – Aviva Poland to German insurance company Allianz for €2.5 billion in an all-cash deal. The British insurer said that it will now concentrate on its strongest businesses in the UK, Ireland, and Canada where it claims to have top positions in […]
Allianz, a German multinational financial services company, has entered into an agreement with Brazilian insurance company SulAmérica to acquire the latter’s automobile and other property-casualty operations for €667 million. Through the acquisition, Allianz will grow its geographical presence in Brazil, becoming one of the top three insurers with a market share of around 15% in […]