20. Allianz
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Financials: Latest Results
Rank: 20 (Previous rank: 22)
CEO: Michael Diekmann Employees: 182,865 Address: Königinstrasse 28 Munich, 80802 Country: Germany Website: www.allianz.com The international insurer with approximately 75 million customers endured a tough year as its industry came under fire. The Munich-based company saw its stock tumble 49% to $105 a share by year's end. To help boost its balance sheet, Allianz unloaded its largest money-drainer, Dresdner Bank, selling it to Commerzbank for about $6.8 billion. At least the company can look forward to one thing -- a payment from Hartford Financial Services Group. Allianz infused $2.5 billion in Hartford in the fall to help the ailing insurer and will receive some of its money back once Hartford sells up to $750 million in stock. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry: Insurance: Property and Casualty (stock)
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