Allianz SE

Munich-based insurer and asset manager, Europe's largest insurer by revenue

Overview

Allianz is Germany’s largest financial-services company by revenue. Fortune records fiscal 2025 revenue of US$134.0bn, up 8.80% on the prior year in dollar terms, and 156,875 employees, with headquarters in Munich.[1] For insurers Fortune counts premium and annuity income, investment income and realised gains or losses, but not deposits.[1] Allianz ranks 14th in Europe, immediately behind Deutsche Telekom, and is classified by Fortune under life and health insurance.[1]

Allianz SE strengths and limitations

Strengths

  • Largest European insurer by revenue
  • Balanced mix of insurance and asset management

Limitations

  • Revenue converted from euros is affected by exchange rates
  • Fortune classifies it under life and health although property-casualty is a major segment

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