Allianz Group Financial Performance from Time to Time
Allianz Group Financial Performance from Time to
Time- Allianz still become one
of the largest insurance companies in the world. Basically, in this article,
the discussion mainly focused on the Allianz group because all of the data showed the Allianz group’s
performances and conditions.
Allianz is basically one of the largest insurance companies. Historically, this company was founded in 1890 by Carl von Thieme and Wilhelm von Finck. Along with business development from time to time, Allianz has employed 157,000 people worldwide. Based on its service, Allianz Group still serves 125 million customers in more than 70 countries. On the insurance market share, Allianz is the leader in the German market and this company has a strong international presence with diversified products. Based on its business, Allianz provides a wide range of products, services, and solutions including Property & Casualty Insurance, Health & Life Insurance, Asset Management, Business Insurance, Trade credit insurance and surety bonds.
The business performance of conditions can be tracked down from
the Balance sheet and Income statement of Allianz. All of the data came from
Annual Report in 2009 to 2023. The balance sheet showed the financial
condition of the companies, meanwhile the income statement can describe the
business performance of the company.
The Total Assets, Liabilities and Equity of Allianz Group
|
|
|||
|
Years |
Total
Assets |
Total
Liabilities |
Total
Equity |
|
|
billion Euro |
billion Euro |
billion Euro |
|
2023 |
983 |
919 |
63.5 |
|
2022 |
1,021 |
966 |
55 |
|
2021 |
1,139 |
1,055 |
84 |
|
2020 |
1,060 |
975 |
85 |
|
2019 |
1,011 |
938 |
73 |
|
2018 |
897 |
833 |
64 |
|
2017 |
901 |
832 |
69 |
|
2016 |
838 |
813 |
25 |
|
2015 |
848 |
782 |
66 |
|
2014 |
805 |
742 |
63 |
|
2013 |
711 |
658 |
53 |
|
2012 |
694 |
638 |
56 |
|
2011 |
641 |
594 |
47 |
|
2010 |
624 |
574 |
50 |
|
2009 |
583 |
541 |
42 |
|
Source:
Allianz Group Annual Report, 2009-2023 |
|||
The progress of Allianz’s business makes can be tracked down by
the financial conditions and performances. According to Allianz group’s
balance sheets from 2009 to 2023, the total assets and total equity showed remarkable
conditions with positive growth from 2009 to 2023. At the year of 2009,
the total assets of Allianz reached EUR 583 billion, total liabilities around
EUR 541 billion, and total equity was about EUR 42 billion. After 15 years,
exactly in the year 2023, the total assets of Allianz reached EUR 983 billion,
total liabilities are about EUR 966 billion, and equities reached EUR 63
billion.
The Revenue and Net Income of Allianz Group
|
|
|||
|
Years |
Gross
Premium Written |
Total
Revenue |
Net
Income |
|
|
billion euro |
billion euro |
billion euro |
|
2023 |
91.25 |
161.7 |
9 |
|
2022 |
94.1 |
122.7 |
7.1 |
|
2021 |
86 |
122.2 |
7.1 |
|
2020 |
82.9 |
119 |
7.1 |
|
2019 |
82.9 |
116 |
8.3 |
|
2018 |
77 |
107 |
7.7 |
|
2017 |
77 |
109 |
7.2 |
|
2016 |
76.3 |
110.5 |
7.2 |
|
2015 |
76.7 |
100.8 |
6.9 |
|
2014 |
73.8 |
103 |
6.6 |
|
2013 |
72 |
101 |
6.3 |
|
2012 |
72 |
101.7 |
5.4 |
|
2011 |
69.2 |
96.4 |
2.8 |
|
2010 |
68.5 |
96.1 |
5.2 |
|
2009 |
65 |
90 |
4.2 |
|
Source:
Allianz Group Annual Report, 2009-2023 |
|||
Based on the business performance, the Allianz group showed good
conditions from 2009 to 2023. Based on the gross premium written, Allianz has
made good progress in this indicator. The gross premium written has increased
from EUR 65 billion in 2009 and it has grown into EUR 91 billion in 2023.
Furthermore, the revenue is also in good progress with positive trends, which has grown from
90 billion Euro in 2009 to EUR 161 billion in 2023. In the Last 15 years, from
2009 to 2022, Allianz group consistently generated the net income / profit. The
net income / profit of Allianz has grown from EUR 4.2 billion in 2009 to EUR 9
billion in 2023.
When analyzing Allianz’s revenue in 2023, the revenue came from
property and casualty insurance that contribute 45% of total revenue, followed
by life/health insurance contributes 34%, and asset management contributes 21%.
Geographically,
in another indicator, the revenue of Allianz came from several regions/ countries. Western and Southern
Europe contributes 24 % to Allianz revenue, followed by Germany which contributes 20%, and The United States of America (USA)
with a contribution of revenue around 22%.
Bibliography of Allianz Group Financial Performance from Time to Time
Allianz. 2024. About Allianz. Accessed via https://www.allianz.com/en/about-us/company/at-a-glance.html on September 15th, 2024.
Allianz. 2024. Annual Report 2023. Accessed via https://www.allianz.com/en/investor_relations.html on September 15th, 2024.