We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Allianz Life Reports Solid 2018 Financial Results

    February 19, 2019 by Allianz Life Insurance Company of North America

    MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz Life®) today announced its 2018 financial results, with assets under management rising to $138 billion and total premium reaching $12.7 billion, 16 percent higher than 2017. Allianz Life’s operating profit topped $1 billion for the third year in a row, reaching slightly more than $1 billion. However, given volatile market conditions in 2018, this was a slight drop following a record $1.18 billion in 2017, but was still in line with expectations. In 2018, the company paid $2.8 billion in benefits to its policyholders and contract holders via life insurance and annuity payments, up 7 percent from 2017.

    Life insurance premium hit a record high in 2018, rising 7 percent to $101 million. Fixed index annuity (FIA) sales continued to experience strong growth, reaching $9.2 billion, a 23 percent increase over the previous year. Allianz Life continues to be a top seller of FIAs in the United States. Index variable annuities (IVA) premium declined slightly from 2017 but came in strong at $2.11 billion.

    “Despite volatile market conditions, we produced very solid overall results in 2018,” said Bill Gaumond, chief financial officer, Allianz Life. “We saw very strong sales, with life insurance reaching an all-time high. Meanwhile, the strong FIA sales number indicates growing consumer demand for retirement income products that provide protection while still offering upside potential. We remain optimistic that this trend will continue well into the future as more Americans enter retirement and seek solutions that provide an income they cannot outlive.”

    Allianz Life continued to play a significant role in the success of its parent company, Allianz SE, in 2018. More than 7 percent of Allianz SE global operating profit in 2018 was generated by Allianz Life (and more than 20 percent of Allianz SE global operating profit in the life/health sector).

    Ongoing Ratings Strength

    Allianz Life retained all of its ratings in 2018. Current ratings include:

    • Standard & Poor’s: AA (Very Strong), the third highest of 21 possible ratings.
    • Moody’s Investors Service: A1, the fifth highest of 21 possible ratings.
    • A.M. Best: A+ (Superior), the second highest of 16 possible ratings.

    Allianz Life in the Community

    Allianz Life increased its level of commitment to the Twin Cities community in 2018, with its charitable giving programs providing more than $2 million to Minnesota nonprofits. Allianz Life employees also volunteered 13,000 hours to local nonprofits in 2018. In the year ahead, Allianz Field, the eighth stadium to hold the Allianz name worldwide, will open in the Midway area of St. Paul. The first Minnesota United game is scheduled for April 13.

    Workplace Awards

    Allianz Life received several accolades in the past year, including recently being named to the prestigious Fortune magazine’s “100 Best Places to Work For” list for the eight consecutive year. Other honors throughout the year include the following:

    • Named a top workplace by the Star Tribune (Minneapolis) for the ninth consecutive year.
    • Ranked as one of Working Mother magazine’s 100 Best Companies for the fifth consecutive year.
    • Ranked in Training magazine’s Training Top 125 for the sixth year in a row.

    About Allianz Life Insurance Company of North America

    Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders’ achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.

    Contacts

    Brett J. Weinberg
    (763) 765-7160
    brett.weinberg@allianzlife.com
    Twitter: @AllianzLife

    Originally Posted at Business Wire on February 15, 2019 by Allianz Life Insurance Company of North America.

    Categories: Industry Articles
    currency