Allianz Group and AGCS Q1 / 3M 2015 Results

AGCS SE | May 15, 2015 | Munich

Allianz Group and AGCS released their financial results for the first quarter of 2015.

  • Allianz Group started 2015 with a strong first quarter. Total revenues increased by 11.2% to €37.8 billion (Q1 2014: €34.0 billion), while the operating profit grew 4.8% to €2.86 billion (Q1 2014: €2.72 billion).
  • AGCS Gross Premiums Written for 3M 2015 amounted to €2.4 billion compared to €1.6 billion in 2014. Operating profit for the consolidated AGCS/FFIC business for Q1 totaled €45 million, reflecting restructuring costs relating to FFIC.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. AGCS provides risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 12 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film actors. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

We constantly strive to deliver the best for our customers through our global team of around 4,400 employees from over 70 nationalities in 34 countries worldwide. As the one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial strength ratings and a global network in over 200 countries and territories. In 2018, AGCS generated a total of €8.2 billion gross premium worldwide.

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:
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Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.