Finance

Allianz SE

Allianz conducts general insurance operations in nearly every European economy as well as throughout the United States, Asia Pacific, Middle East and South America. Germany, Italy and France are Allianz's major markets, accounting for about half of total earnings. Allianz operates in the German P&C market through operating entities combined under the umbrella of Allianz Versicherungs-Aktiengesellschaft (Allianz Sach) (Govan, 2007).

Financial performance

In analyzing the group's financial performance, exchange rate risk plays a major role. The company reports its financial statements in Euros, while IBIS World presents them in US dollar terms. Consequently, the relationship and the fluctuations between the value of ...