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Allianz delivers a strong finish to 2020

Published

2021

Fri

19

Feb
 

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year  2020 has been remarkably robust across all business segments, though the COVID-19 pandemic left its mark on the financial results, especially in the Property-Casualty commercial lines. Despite these major global challenges, Allianz completed its fiscal year with a strong fourth quarter.

 

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Source: Allianz Global Corporate & Specialty (AGCS)
 
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Policy Reserves:

The funds that the insurer holds specifically for the fulfillment of its policy obligations. Reserves are required to be calculated so that, together with future premium payments and interest earnings, they will enable the insurer to pay all future claims.
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