Allianz enters into binding agreement to sell its 51% stake in Allianz Saudi Fransi

by MMC
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The Allianz Group is one of the world’s leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a wide range of personal and commercial insurance services, ranging from property, life and health insurance to assistance services and credit insurance. and global business insurance. Allianz is one of the world’s largest investors, managing approximately €714 billion** on behalf of its insurance clients. Additionally, our asset managers PIMCO and Allianz Global Investors manage approximately €1.7 trillion** of third-party assets. Thanks to our systematic integration of ecological and social criteria into our business processes and investment decisions, we are among the leaders of the insurance industry in the Dow Jones Sustainability Index. In 2022, more than 159,000 employees achieved a total turnover of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.

*Including non-consolidated entities with Allianz clients.
** As of June 30, 2023.
***As published – not adjusted to reflect the application of IFRS 9 and IFRS 17.

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