Allianz Global Corporate & Specialty
Q4 / 12M 2018 Results

AGCS SE | February 15, 2019 | Munich

Allianz Group and AGCS released its financial results for the full year 2018 ('12M 2018').

  • In 2018 AGCS generated gross premium written of €8.186 billion (12M 2017: €7.406 billion), which is a significant increase of €780 million year on year. The premium growth is mainly driven by AGCS’s fronting business as well as growth in several Corporate Lines of Business, in particular MidCorporate and Liability.
  • The combined ratio stands at 101.5% (2017: 105.2%) reflecting a significant number of smaller ‘Cat’ claims, a higher volume and average size of large industry losses and also an increased number of mid-sized losses.
  • Operating Profit reached €282 million for 12M 2018 compared to €156 million in 2017, increasing by €126 million compared to 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.