Market Security & Analysis: Allianz Group Update
On August 5, 2022, Allianz Group (“Allianz”; comprised of parent holding company Allianz SE and its
subsidiaries) announced financial results for the first half of 2022 (1H2022), which included net income of EUR 2.5 billion and ROE of 6.7%. This compares to EUR 5.0 billion and 10.6% in the prior year period (1H2021), respectively. Results were negatively impacted by investment losses on assets held for trading of EUR 14.7 billion (1H2021: EUR 4.2 billion loss), as well as an additional EUR 1.9 billion provision (4Q2021: EUR 3.7 billion) related to settlements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission in connection with Allianz’s Structured Alpha Funds.
subsidiaries) announced financial results for the first half of 2022 (1H2022), which included net income of EUR 2.5 billion and ROE of 6.7%. This compares to EUR 5.0 billion and 10.6% in the prior year period (1H2021), respectively. Results were negatively impacted by investment losses on assets held for trading of EUR 14.7 billion (1H2021: EUR 4.2 billion loss), as well as an additional EUR 1.9 billion provision (4Q2021: EUR 3.7 billion) related to settlements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission in connection with Allianz’s Structured Alpha Funds.