Total revenue of Allianz Group 2005-2023
The total revenue generated by Allianz Group reached a 15-year-high in 2023. In that year, total revenues amounted to over 160 billion euros - an increase from the previous year. At the beginning of the time period, the total revenue of Allianz Group was about 101 billion euros, so there has been an overall increase of around 60 billion euros since then.
Who are Allianz Group?
Allianz was founded in Berlin in 1890, but the headquarters was moved to Munich, Germany after the Berlin headquarters were destroyed in the second World War. Allianz offer property and casualty insurance, health and life insurance, asset management and business insurance. Life and health insurance is their most profitable segment, followed by property and casualty insurance.
Allianz in context
Allianz just made the top ten ranking of largest insurance companies worldwide by market capitalization as of September 2022. Allianz was also one of the leading insurance companies by brand value globally. This suggests that Allianz will continue to generate even more revenue in the future and be able to weather any economic downturn as well.