Rank: 22 (Previous rank: 19)
CEO: Michael Diekmann
Employees: 181,207
Address: Königinstrasse 28
Munich 80802
Country: Germany
Website: www.allianz.com
Despite a series of natural disasters in Europe and the subprime crisis in the United States, Allianz’s growth did not slow in 2007. Following a strong performance in 2006, the company’s overall revenue grew 12%, while profit climbed 23.8%. Three of its four units - life insurance, non-life insurance and asset management - contributed to the improved profit.
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| Revenues |
140,618.4 |
12.2 |
| Profits |
10,903.6 |
23.8 |
| Assets |
1,551,464.5 |
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| Stockholders' equity |
69,817.8 |
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| 4 | Munich Re Group | 98 | 64,773.9 | | 5 | Zurich Financial Services | 121 | 55,163.0 | | 6 | Allstate | 198 | 36,769.0 | | 7 | Swiss Reinsurance | 209 | 35,729.7 | | 8 | Millea Holdings | 232 | 32,487.1 | | 9 | Travelers Cos. | 308 | 26,017.0 | | 10 | Liberty Mutual Insurance Group | 309 | 25,961.0 | | 11 | Hartford Financial Services | 311 | 25,916.0 | | 12 | Nationwide | 364 | 22,962.0 | | 13 | Mitsui Sumitomo Insurance | 450 | 18,717.8 | | 14 | Mapfre Group | 463 | 17,984.4 | | 15 | Loews | 466 | 17,920.0 |
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From the July 21, 2008 issue
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