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WIKI ANALYSIS
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Munich-based Allianz has over 60 million customers and a presence in more than 70 countries. It is the largest insurer in Germany with a market share of 18% of the property and casualty insurance in that country and is a leader in Europe. It is also one of the top insurers worldwide. Its clientele includes nearly half of the Fortune 500 companies. Allianz is also the largest foreign insurance company in the emerging markets of Central and Eastern Europe. In the life and health insurance businesses, it is the market leader in many Western European countries. As an integral part of Allianz Group, Allianz also offers access to asset management and banking services provided by Allianz Dresdner Asset Management and Dresdner Bank. As of year end 2006, the net profit contribution of the various divisions was: Property & Casualty (P/C) 62%, Life and Health (L/H) 21%, Banking 12%, and Asset Management 5%.
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