Business Summary: Allianz SE is a German-based financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company's segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers. The Property-Casualty segment offers a range of products and services for both private and corporate clients. The Life/Health segment offers a range of life and health insurance products on both an individual and a group basis. The Asset Management segment provides institutional and retail asset management products and services to third-party investors, and provides investment management services to the Allianz Group's insurance operations. The Corporate and Other segment includes Holding & Treasury, Banking and Alternative Investments.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Allianz SE revenues increased 1% to EUR94.04B. Net income applicable to common stockholders increased 17% to EUR9.79B. Revenues reflect Insurance Revenue increase of 7% to EUR97.68B, Interest result increase of 10% to EUR28.02B. Net income benefited from Property/Casualty segment income increase of 14% to EUR7.9B, Life/Health segment income increase of 6% to EUR5.51B.