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One of the world's largest insurers, selling property/casualty and life/health insurance, plus asset management via PIMCO.
One of the world's largest insurers, selling property/casualty and life/health insurance, plus asset management via PIMCO.
Collects premiums for property, accident, life and health cover and invests them, earning on both the underwriting result and the investment return. Its asset managers, PIMCO and Allianz Global Investors, are paid fees on money they manage for others, a separate stream that does not depend on insurance claims.
In one line: Germany's MetLife, and also owns PIMCO.
Moat: wide (scale, brand, distribution). Global scale in insurance underwriting combined with PIMCO's leading fixed-income asset management franchise.
Headquarters: Munich, Germany · Founded: 1890 · Employees: 155,785
Size Allianz (ALV.DE) is a Germany Financials company (Multi-Line Insurance) with a market value of $192B, the 3rd largest of 205 Germany companies the cockpit tracks. Shares closed at €451.10 on 6 Nov 2026.
Performance Over six months the shares gained 18.6%, against +14.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th highest of 15 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +11.6%); the operating margin is 12.8% (peer median 23.1%).
Valuation It trades at 2.98× book value against a peer median of 2.15× (4th most expensive of 15).
Price implies The share price implies a return on equity of about 16.0%; Allianz delivers 21.1%, so the price asks less than the business earns today.
Credit Allianz has 31 bonds outstanding ($33.1B), rated A+ by the agencies and trading like AA+ at a weighted spread of 46 bp.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €154B | €144B | €135B | €125B | €140B |
| Revenue growth | — | +6% | +8% | -11% | — |
| Net income | €11.6B | €10.6B | €9.79B | €8.54B | €6.42B |
| Free cash flow | n/a | €31.5B | €30.3B | €22.9B | €16.5B |
| Capital expenditure | n/a | €1.69B | €1.63B | €1.73B | €1.44B |
| Total debt | €28.7B | €28.6B | €30.3B | €20.2B | €16.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Allianz ALV.DE | $192B | +19% | +21% | 21% | 2.98× | 16.0% |
| Axa CS.PA | $103B | +13% | +11% | 19% | 2.24× | 17.8% |
| Assicurazioni Generali G.MI | $73.8B | +12% | -8% | 15% | 2.06× | 16.5% |
| Zurich Insurance ZURN.SW | $114B | +16% | +19% | 26% | 3.67× | 11.2% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALV.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.1% | +3.8% | 4th highest of 15 |
| 6-month return | +18.6% | +14.8% | 5th highest of 15 |
| Return on equity | 21.1% | 17.9% | 5th highest of 15 |
| Price / book | 2.98× | 2.15× | 4th most expensive of 15 |
| Trailing P/E | 14.9× | 12.2× | 4th most expensive of 15 |
| ROE the price implies | 16.0% | 11.8% | 4th most demanding of 15 |
| ROE delivered | 21.1% | 19.0% | 5th highest of 14 |
| Bond spread | 46 bp | 76 bp | tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Allianz ALV.DE | Germany | $192B | +19% | +21% | 21% | 2.98× | 16.0% | 21.1% |
| Ping An 2318.HK | Hong Kong | $138B | -17% | -8% | 10% | 0.79× | 9.7% | 9.8% |
| Ping An Insurance (Group) Company of China 601318.SS | China | $136B | -8% | +12% | 14% | 0.96× | 7.4% | n/a |
| China Life Insurance 601628.SS | China | $135B | -3% | +16% | 12% | 1.54× | 13.1% | 11.9% |
| China Life 2628.HK | Hong Kong | $134B | -17% | +38% | 41% | 0.93× | 10.0% | 41.3% |
| Progressive PGR | United States | $132B | +17% | +8% | 33% | 3.82× | 15.8% | 33.2% |
| Zurich Insurance ZURN.SW | Switzerland | $114B | +16% | +19% | 26% | 3.67× | 11.2% | 25.5% |
| AIA 1299.HK | Hong Kong | $104B | -10% | +13% | 20% | 2.53× | 18.4% | 19.6% |
| Axa CS.PA | France | $103B | +13% | +11% | 19% | 2.24× | 17.8% | 19.0% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
Allianz has 31 bonds outstanding with $33.1B face value. The agencies rate it A+; its bonds trade like AA+. Weighted yield 3.84%, a spread of 46 bp over government bonds.