Allianz Global Corporate and Specialty
Q2 / 6M 2018 Results

AGCS SE | August 3, 2018 | Munich

Allianz Group and AGCS released its financial results for the second quarter 2018 ('6M 2018').

  • In the first half year 2018, AGCS gross premium written rose to €4.371 billion (6M 2017: €3.939 billion), which is an increase of €432 million year on year.
  • The combined ratio for 6M 2018 improved by 1.2 percentage points and now stands at 97.7% (6M 2017: 98.8%). This ratio benefitted from a relatively benign loss environment in the first half of 2018, but also from lower expenses as result of productivity improvements across the business.
  • Operating profit reached €233 million for 6M 2018 (6M 2017: €225 million). The moderate increase of €8 million in operating profit year on year is driven by better underwriting performance, which has been partly offset by lower investment income.

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:
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.