Prague, Hlavní Nádraží Praha (Prague Central Station)
Barcelona, Passeig de Gràcia, Casa Batllo
Budapest, Ferenciek tere
Lisbon, Estação do Oriente
Lisbon, Elevador de Santa Justa, Rúa Augusta
Munich, Odeonsplatz
Munich, Westfriedhof Subway Station
Paris, Charles de Gaulle Airport

Allianz Group

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Segment Overview: Property-Casualty

Robust performance in a difficult environment:

  • Gross premiums written grew by 3.2 % to € 43.9 billion.
  • Operating profit increased by 5.9 % to € 4.3 billion.
97.2 %
Combined Ratio

Gross premiums written by regions/countries as of December 31, 2010 (December 31, 2009)1, 2in %

Property-Casualty chart
1 After elimination of transactions between Allianz Group companies in different geographic regions and different segments. 2 Gross premiums written from our specialty lines have been allocated to the respective geographic regions. 3 Gross premiums written of our specialty line Travel and Assistance (Mondial) are now assigned to France as a result of the relocation of their headquarters from Switzerland to France in 2010. Mondial’s share of gross premiums written accounted for 3.5 % in 2010 (2009: 3.2 %). 2009 figures have been retrospectively adjusted.

Segment Overview: Life/Health

Strong result in a low interest rate environment:

  • Revenues up 12.5 % to € 57.1 billion.
  • Operating investment income grew by 14.6 % to € 16.0 billion.
€ 2,868 mn
Operating profit

Statutory premiums by regions/countries as of December 31, 2010 (December 31, 2009)1in %

Life/Health chart
1 After elimination of transactions between Allianz Group companies in different geographic regions and different segments.

Segment Overview: Asset Management

Another record year for Asset Management:

  • Third-party net inflows of € 113 billion.
  • Outstanding operating profit of € 2.1 billion.
€ 1,518 bn
Total assets under management

Third-party assets under management by regions/countries as of December 31, 2010 (December 31, 2009)4in %

Asset Management chart
4 Based on the origination of assets. 5 Consists of third-party assets managed by other Allianz Group companies (approximately € 19 bn as of December 31, 2010 and € 24 bn as of December 31, 2009, respectively).

Allianz at a Glance

    2010 Change
from pre-
vious year
2009 2008 2007 2006 2005 More
details
1 Figures prior to 2008 have not been restated to reflect the change in the Allianz Group's accounting policy, effective July 1, 2010. For further information please refer to note 4 of our consolidated financial statements. 2 Total revenues comprise statutory gross premiums written in Property-Casualty and Life/Health, operating revenues in Asset Management and total revenues in Corporate and Other (Banking). 3 Figures do not reflect changes in the presentation implemented in 2009. 4 The Allianz Group uses operating profit as a key financial indicator to assess the performance of its business segments and the Group as a whole. 5 Following the announcement of the sale on August 31, 2008, Dresdner Bank was classified as held for sale and discontinued operations. Therefore, all revenue and profit figures presented for our continuing business do not include the parts of Dresdner Bank that we sold to Commerzbank on January 12, 2009. Starting as of 2006 the results from these operations are presented in a separate net income line "Net income (loss) from discontinued operations, net of income taxes". 6 Proposal. 7 Based on average shareholders' equity. Average shareholders' equity has been calculated based upon the average of the current and the preceding year's shareholders' equity as of December 31. 8 Based on net income from continuing operations after non-controlling interests.
Further comparison periods are not provided due to subsequent changes in presentation.
Income Statement1                  
Total revenues2 € mn 106,451 9.3 % 97,385 92,568 97,689 94,8733 100,9673
Operating profit4 € mn 8,243 17.0 % 7,044 7,455 10,320 9,2193 8,0033
Net income from continuing operations5 € mn 5,209 12.0 % 4,650 4,268 7,991 7,843
Net income (loss) from discontinued
operations, net of income taxes5
€ mn n. m. (395) (6,373) 723 467
Net income (loss) € mn 5,209 22.4 % 4,255 (2,105) 8,714 8,310 5,766
                   
Balance Sheet1 as of December 31,                  
Total assets € mn 624,945 7.1% 583,717 954,999 1,061,149 1,110,081 1,054,656
Shareholders' equity € mn 44,491 10.9 % 40,108 33,720 47,753 49,650 38,656
Non-controlling interests € mn 2,071 (2.4%) 2,121 3,564 3,628 7,180 8,386
                   
Share Information                  
Basic earnings per share1 11.20 20.0 % 9.33 (5.25) 18.00 17.09 11.24
Diluted earnings per share1 11.12 19.6 % 9.30 (5.29) 17.71 16.78 11.14
Dividend per share 4.506 9.8 % 4.10 3.50 5.50 3.80 2.00
Total dividend € mn 2,0456 10.5 % 1,850 1,580 2,472 1,642 811
Share price as of December 31 88.93 2.0 % 87.15 75.00 147.95 154.76 127.94
Market capitalization as of
December 31
€ mn 40,419 2.2 % 39,557 33,979 66,600 66,880 51,949
                   
Other Data                  
Return on equity after income taxes1,7,8 % 11.9 (0.6) pts 12.5 9.9 15.0 15.0 12.9
Total assets under management
as of December 31
€ mn 1,517,538 26.2 % 1,202,122 950,548 1,009,586 1,011,802 977,957
thereof: Third-party assets under
management as of December 31
€ mn 1,163,982 25.7 % 925,699 703,478 764,621 763,855 742,937
Employees   151,338 (1.2 %) 153,203 182,865 181,207 166,505 177,625