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Allianz's property portfolio shrinks again in 2024

The real estate holdings of Allianz, one of Europe's biggest investors, shrank in 2024 for a second consecutive year, figures today showed, underscoring troubles in the property sector.

Business • 28 Feb

Allianz withdraws offer for Singapore's Income Insurance

Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the German company said in a statement today.

Business • 16 Dec 24

Allianz said it plans to distribute at least three-quarters of its net profit to shareholders via dividends and share buybacks over the next three years

Allianz raises financial targets for next three years

Allianz, one of Europe's biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year.

Business • 10 Dec 24

Germany's Allianz said today it was on track to meet its full-year target

Allianz's Q2 net profit up better-than-expected 7.5%

Germany's Allianz has today posted a better-than-expected 7.5% rise in second-quarter net profit and said it was on track to meet its full-year target.

Business • 08 Aug 24

The value of Allianz's real estate portfolio fell by 6.2% in 2023 from €62.3 billion a year earlier

Allianz's $63bn property portfolio becomes less German

Allianz's €58.4 billion real estate portfolio is shrinking, becoming less devoted to offices and less German, underscoring troubles in the commercial property sector and the insurer's home market.

Business • 23 Feb 24

Allianz, one of Europe's largest financial services groups, said the level of insurance claims was 'exceptionally high'

Allianz retains outlook despite 30% slump in Q3 profit

Allianz has today posted a 30% fall in third-quarter net profit, dragged down by claims from natural catastrophes, but kept its full-year profit outlook.

Business • 10 Nov 23

Allianz said its net profit attributable to shareholders was €2.032 billion in the three months to the end of March, compared with €474m a year earlier

Allianz posts big rise in first quarter profit

Germany's Allianz has today posted a big rise in first-quarter net profit, rebounding after taking charges a year ago for a US funds scandal.

Business • 12 May 23

Allianz said its target of 2022 operating profit between €12.4 billion and €14.4 billion remains intact

Allianz shells out €140m to shut US unit after fraud

Allianz spent around €140m on restructuring to wind down a US funds unit at the centre of a multi-billion fraud, the German insurer disclosed today, an expense that added to a worse-than-expected 23% fall in quarterly profit.

Business • 05 Aug 22

The partial sale of its Russian business will result in a hit to Allianz's net profit of €400m, the company said

Allianz to sell majority stake in Russian operations

Insurer Allianz said today it would sell a majority stake in its Russian operations to the owner of a Russian insurer as it sought to pare its footprint in the country after the invasion of Ukraine.

Business • 03 Jun 22

The Home Rebuild Research Study carried out by Allianz reveals that 23% of all Irish homeowners have never checked the rebuild cost of their home

Homeowners urged to check rebuild cost amid inflation

Over half of Irish homeowners have not checked the rebuild cost of their homes in the last year, despite inflationary pressures leading to a surge in construction-related costs.

Business • 01 Jun 22

Allianz has confirmed its outlook for 2022 operating profit despite the big drop in its first quarter net profits

Allianz very likely to fully exit Russia, CFO says

Allianz, which is working to resolve US regulatory investigations into a multibillion-dollar trading debacle at its funds arm, said today that its net profit fell 78% in the first quarter.

Business • 12 May 22

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast today

European finance industry warns on Ukraine move

Europe's financial sector scrambled today after Russia invaded Ukraine, with Allianz disclosing it had frozen its Russian government bond exposure and UK bank Lloyds saying it was on "heightened alert" for cyberattacks.

Business • 24 Feb 22

Allianz has announced a settlement with a 'vast majority' of investors

Allianz to cut bonuses after trading debacle

Allianz has announced big bonus cuts for its CEO and board, and a settlement with a "vast majority" of investors, as it braces for the outcome of US regulatory investigations into a multibillion dollar trading debacle at its funds arm.

Business • 18 Feb 22

Allianz is one of the world's biggest money managers with €2.4 trillion in assets under management through bond giant Pimco and Allianz Global Investors

Allianz under investigation in Germany over funds

German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its US investment funds last year, people with direct knowledge of the matter told Reuters.

Business • 07 Sep 21

Aviva agrees deal to sell its Polish operations to Allianz

Aviva sells Polish business to Allianz for €2.5 billion

Aviva has sold its Polish operations to Germany's Allianz for €2.5 billion in cash, completing a programme to sell European and Asian assets begun last year, the British insurer said today.

Business • 26 Mar 21

Allianz said it continues to see pressure on business from the coronavirus pandemic

Allianz Q4 profit drops 2.2%, but better than expected

German insurer Allianz has today posted a better than expected 2.2% fall in net profit in the fourth quarter from a year earlier, amid pressure on business from the coronavirus pandemic.

Business • 19 Feb 21

Allianz had warned about its prospects as clients make claims for business interruption and cancelled events, while demand for car and travel insurance falls

Allianz reports unexpected 6% rise in Q3 profit

German insurer Allianz has today declined to provide a forecast for 2020 given uncertainty around the Covid-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit.

Business • 06 Nov 20

Allianz is among several insurers warning about their prospects as they face claims for business disruptions, canceled events and a lack of demand for car and travel insurance

Allianz Q1 net profit drops 29% due to Covid-19 hit

German insurer Allianz has today posted a 29% fall in net profit in the first quarter from a year earlier as the coronavirus outbreak slows business.

Business • 12 May 20

Car insurance claims are expected to be lower over the next few months due to fewer cars on the road as a result of Covid-19 restrictions

Allianz latest to detail car insurance rebate

Allianz is to give a €30 refund to its private car, van and taxi customers.

Business • 29 Apr 20

Philip Bradley of AXA rejected suggestions of excessive profitability by insurance companies

Injury awards driving up insurance prices - insurers

Insurance premiums will fall if the cost of claims in Ireland falls, insurance companies have been telling the Oireachtas Finance committee.

Business • 04 Jul 19

Allianz has agreed deals for the the general insurance businesses of LV and Legal & General in the UK

Allianz in deals set to make it 2nd biggest UK insurer

Germany's Allianz in deals that could top £800m is buying businesses from LV and Legal & General that will make it become Britain's second-biggest general insurer behind Aviva.

Business • 31 May 19

Allianz, Europe's leading insurance company had to reimburse €141m in Q1, €170m less than in the same quarter last year

Allianz on track in 2019 after improved Q1 figures

German insurer Allianz said today it is on track to meet its forecasts for 2019 after publishing improved first-quarter figures.

Business • 14 May 19

Allianz and the insurance sector are bouncing back from losses incurred by hurricanes, fires and earthquakes in North America in 2017 - the industry's costliest year ever

Allianz Q4 net profit up 19%, in line with expectations

German insurer Allianz said its net profit rose 19% in the fourth quarter from a year earlier, in line with expectations, and said it was aiming for a larger operating profit target in 2019.

Business • 15 Feb 19

Insurance fraud has grown with one in ten claims in Ireland thought to be spurious or exaggerated, Allianz Ireland has said

45% of all cases Allianz contests are fraudulent

Allianz Ireland has said that 45% of all claimants' cases that the insurance company contests in court are potentially fraudulent.

Business • 09 Jan 19

AXA is Europe's second-biggest insurer after Allianz

Insurer AXA raises profit targets after buying XL

Insurer AXA expects profitability to speed up in the coming two years thanks to business brought in by XL, which it bought earlier this year, and added it hoped to boost dividends.

Business • 28 Nov 18