Top 10 Companies in Europe 2016

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6. Allianz

Allianz is headquartered in Germany and is the holding company that provides is one of the leading financial service providers and insurers in the world.

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The company was founded by Wilhelm Finck and Carl Thieme in 1890 and it got listed in Berlin stock exchange by 1895, and is one of the leading financial institutions in the world. The services they provide include asset management, banking, life and health insurance, property and casualty insurance.


The group has strong global presence with operations in more than 70 countries. The company is a leading property and casualty insurer globally and is the market leader in German market. In this segment, a wide variety of insurance products are made available to both private and corporate customers like accident, travel insurance, fire and property insurance etc. The key markets of the company are Germany, France, Italy and the US.

The products offered by life and health division are on individual as well as group basis which includes annuities, long term care insurance, endowment and term insurance etc. Institutional and retail asset management products to investors and to the insurance operations are provided by the asset management division. Holding the treasury, banking and alternative businesses are handled by the corporate division of the company. The life and health division is the key contributor to the group’s revenue with a 55% revenue share. The company has strong solvency position with solvency ratios well above the regulatory standards which provides ample scope for business expansion and new debt issuance. Significant decline in gross premium from the US market over last few years is impacting the overall performance of the group. Digitization of services is one of the major focus areas of the group now as the purchasing decisions and buying patterns of the customers have changed drastically in the digital era.

Sales : $115.42 Billion

Profit : $7.34 Billion

Employees : 142459

Market Cap : $79.7 Billion