The Allianz Group - Company Performance

by

 Alina Dorl

Table of contents

1. Introduction 2

2. Main part

a. Profile 3
b. History 4
c. Strategic Objectives and Priorities 5
d. Business Fields

i. Property and Casualty Insurance 6
ii. Life and Health Insurance 7
iii. Asset Management and Banking 8

3. Conclusion 9

1. Introduction

"In a changing environment, the companies of Allianz Group combine stability and continuity with the ability to act strategically."
For decades "hoffentlich Allianz versichert" was the essence of insurance in Germany. Today, the Allianz Group convinced with the 3 P´s "Protection, Provision, Performance" worldwide. In spite of it, everybody aware that Allianz is only one of the world′s leading insurance companies. However, as a global financial services company, they are active in many other fields, through the named three core business areas, plus banking in Germany. Allianz stands also for customer focus, profitable and continuous growth and social responsibility. The continous growth results from convinced products, innovative ideas, a reliable service, consistent future-oriented management and the management of the employees. The solid pillar for profitable increase and the effective success are above all a consistent customer orientation, social acceptance and the status as an attractive employer for excellent employees.
"The Allianz Group - A company performance" provides an overview of the history, goals of the current activities and the business fields.

2. a. Profile

Allianz Group is a multinational group of 700 companies and more then 181,000 employees worldwide. Managed decentrally, Allianz Group possesses high levels of competency in local markets. This allows for maximum adaptability and a strenghthening of its local resources.

Over the last few decades, the Allianz has developed into a large international insurance group, present in over 70 countries. At the top of the international group is the holding company, Allianz AG, whose head office is in Munich. The key non-German companies are: Allianz Compañía de Seguros y Reaseguros (Spain), Allianz Elementar Versicherungen (Austria), Allianz Life Insurance (USA), Assurances Générales de France or AGF (France), Cornhill Insurance (Great Britain), Allianz Suisse (Switzerland), Fireman´s Fund (USA), PIMCO (USA) and Riunione Adriatica di Sicurtà or RAS (Italy).
Allianz is a company with a long history and a strong tradition. Founded in 1890 in Germany, Allianz now provides its more than 60 million clients worldwide with a comprehensive range of services through an international network of subsidiaries.

There are three core business areas:

· protection (property and casualty insurance)
· provision (life and health insurance) and
· performance (asset management and banking).

Through the purchase of Dresdner Bank, they have acquired a strong distribution channel in Germany and banking expertise throughout Europe. In fiscal 2001 Allianz′s total premium income amounted to over 75 billion euros. Of that total, just over half was generated by property and casualty insurance and slightly less than half by life and health insurance. Today, the majority of the Group′s premium income is earned outside Germany. Assets under management at the Allianz Group amounted to over 1.1 trillion euros at the end of 2001. Of these assets, 620 billion euros are managed for third parties.

2. b. History

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