Allianz Global Corporate and Specialty
Q3 / 9M 2018 Results

AGCS SE | November 09, 2018 | Munich

Allianz Group and AGCS released its financial results for the third quarter 2018 ('9M 2018').

  • AGCS gross premium written for 9M 2018 amounted to €6.385 billion (9M 2017: €5.731 billion), which is an increase of €655 million year on year.
  • The combined ratio for 9M 2018 stands at 99.8% (9M 2017: 103.5%) which is 3.7 percentage points better than prior year. Although claims levels in the first three quarters of 2018 have been relatively high, this development reflects the exceptional loss environment of 2017, when many AGCS clients suffered severe losses in the hurricane season.
  • Operating profit reached €274 million for 9M 2018 (9M 2017: €172 million), increasing by €102 million compared to prior year. The positive underwriting performance compared to 2017 has been partly offset by a 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.

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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.