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 the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates with its own teams in 34 countries and through the Allianz Group network and partners in over 210 countries and territories, employing almost 4,700 people of 70 nationalities. AGCS provides insurance solutions to more than three quarters of the Fortune Global 500 companies, writing a total of €7.4 billion gross premium worldwide in 2017.

AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.
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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.