Allianz SE, headquartered in Munich in Germany, is among the top 15 financial groups in the world. It was founded in 1889. Allianz was involved in deal with CommerzBank in 2008-09 and currently holds a stake of about 14% in the bank. With approximately 148,000 employees worldwide, the Allianz Group serves over 83 mn customers in more than 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence. In fiscal 2013 the Allianz group achieved total revenues of approximately 110.0 bn euros. Allianz is one of the world's largest asset managers, with third-party assets of 1,361 bn euros under management at the year end 2013.
As on December 31, 2013 source: http://allianz.com
Allianz offers a wide range of insurance and asset management products and services to its customers. Insurance operations such as Property-Casualty and Life/Health insurance. Allianz is a leading property-casualty insurer globally and rank among the top five in the life/health insurance business. Most of the insurance markets are served by local Allianz companies while selected business lines are run globally such as Global Corporate Customers, Credit Insurance, Assistance Services, Worldwide Care, Global Automotive and Reinsurance.
With approximately 1,770 billion euros assets under management, Allianz is one of the largest asset managers in the world managing assets with active investment strategies. Asset Management business has been split in to two investment management businesses, PIMCO and Allianz Global Investors (AllianzGI). Both units operate under Allianz Asset Management (AAM). Particular strongholds include the United States, Germany, France, Italy, the United Kingdom and the Asia-Pacific region. As of December 31, 2013, Allianz managed 1,361 billion euros of third-party assets of which the share from institutional clients amounted to 63% while 37% came from retail clients.
Allainz strengths as listed at company's fact sheet.
- Leading Property and Casualty insurer globally
- Top 5 in Life insurance business globally
- Worldwide leader in credit insurance
- One of the leading Asset Managers globally
- Strong ratings: Standard & Poor's: AA | Moody's Aa3 | A.M. Best A+
- Combined ratio 2013 94.3% and Solvency ratio 2013 182%
Revenue & Operating profit Allianz Group 2013
Within a five year period (2009-2013)Allianz Operating profit has increased from EUR 7 bn to EUR 10.1 bn increase of 44,28% and Shareholders equity EUR 40.1 bn to EUR 50.1 bn increase 25,25%
"Within the scope of our results and the need for adequate capitalization we aim to provide our shareholders with an attractive dividend. Our dividend policy is one of continuity. In addition, we endeavor to return excess capital that is not needed to finance growth to our shareholders, either by way of a dividend payout or by buying back shares. As a rule, the actual dividend proposal is announced on publication of the results for the fiscal year."
Between 2003 to 2013 Allianz has increased their dividend from €1.50 to €5.30 this represent an increase of 253,33% average of 25.33% yearly.
Xetra:Allianz SE (ALV) is currently trading at EUR 133.05, P/E 9.97, EPS 13.34 and Div/yield €5.30/3.98% With current dividend and EPS the payout ratio is 39,73%
In the U.S. Allianz shares are traded in the over-the-counter (OTC) market via American Depositary Receipts (ADR). The Allianz ADR are quoted on OTCQX under the ticker symbol AZSEY.
Disclosure: I will ad Allianz SE to my watchlist to follow the company's future development.
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Source: https://www.allianz.com/ | google.com/finance