Allianz Group and AGCS
Q1 / 3M 2018 Results

AGCS SE | May 15, 2018 | Munich

Allianz Group and AGCS released its financial results for the first quarter 2018 ('3M 2018').

  • In the first quarter 2018, AGCS increased gross premium written to €2.467 billion (3M 2017: €2.334 billion), which is €133 million higher year on year.
  • The combined ratio for 3M 2018 stands at 94.6% compared to 100.3% for 3M 2017. The loss ratio benefitted from a benign loss environment compared to the first quarter 2017 when AGCS was impacted by several high severity claims.
  • Operating profit reached €139 million in 3M 2018 (3M 2017: €109 million) which is €31 million higher than prior year.

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.