DGAP-News: Allianz SE: Allianz raises target for real asset

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 26, 2015 at 1:15 AM

DGAP-News: Allianz SE: Allianz raises target for real asset based financing to 110 billion euros

DGAP-News: Allianz SE / Key word(s): Miscellaneous Allianz SE: Allianz raises target for real asset based financing to 110 billion euros 26.02.2015 / 07:04 --------------------------------------------------------------------- * Target previously at 80 billion euros * Maximilian Zimmerer: "Our customers benefit from attractive returns." Allianz Group has raised its target for real asset based financing. The new mid-term investment goal is 110 billion euros compared with previously 80 billion euros. As per year end 2014, investments in this asset class amounted to 74.4 (previous year: 65.9) billion euros, an increase of 13 percent compared to year end 2013. Real asset based financing includes debt and equity investments in real estate, infrastructure and renewable energy. The total investment portfolio of Allianz was approximately 615 billion euros at the end of 2014. The lion's share of investments is allocated in debt instruments. With this decision, Allianz Group continues the expansion of its investments in real assets. Recent transactions in infrastructure and real estate include Colchester Garrison and Porterbrook in the UK as well as Nice Etoile in France. The investment in Colchester Garrison includes accommodation, training, education and welfare facilities for more than 4,000 people. With Porterbrook, Allianz has invested in one of the major rolling stock leasing companies in the UK rail industry and with Nice Etoile in an inner-city shopping center in Nice, France. In addition, Allianz Group has invested in 48 wind and seven solar parks in France, Germany, Italy and Sweden. They generate enough energy to supply a city the size of Milan. "Thanks to our investment expertise, Allianz can soften the adverse developments of the continued low-interest rate environment," said Maximilian Zimmerer, Chief Investment Officer of Allianz SE. "Neither savers nor investors can fully avoid the impact of the artificially low interest rates." "Our customers, however, benefit from attractive returns from real asset based investments and the continued healthy risk profile of our investment portfolio, " he added. "Thus, Allianz investments not only support the general economy, they also play a crucial role in ensuring the old age provisions of millions of our customers." As always, the evaluations are subject to the following cautionary notes. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law. --------------------------------------------------------------------- 26.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Allianz SE KÃ¶niginstr. 28 80802 MÃ¼nchen Germany Phone: +49 (0)89 38 00 - 41 24 Fax: +49 (0)89 38 00 - 38 99 E-mail: investor.relations@allianz.com Internet: www.allianz.com ISIN: DE0008404005 WKN: 840400 Indices: DAX-30, EURO STOXX 50 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; TerminbÃ¶rse EUREX End of News DGAP News-Service --------------------------------------------------------------------- 326975 26.02.2015

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Bankers Brace for Rising Costs, Falling Loan Demand

Tough Roads Ahead for Bankers? Picture this: bankers everywhere are gripping their coffee mugs a little tighter these days. Why? They’re staring down the barrel of rising funding costs, and loan demand looking about as flat as a pancake. IntraFi, a fintech handshake where finance folks swap tales, did a bit of number-crunching, and it's not paintin' a pretty picture....

West Virginia's Water Upgrade: AWK's Strategic Moves

Building a Water Infrastructure with Purpose Well, they ain't just whistling Dixie down in Ranson, West Virginia. American Water's been busy putting their money where their mouth is with this new 816,000-gallon tank. When you look at the bigger picture, it ain't just about a shiny new water storage toy. Nah, this is about setting the stage for long-term resilience in the...

Family-Run Pet Retailer Debuts in Alamo Ranch

Pet Supplies Plus Opens Its Doors in Alamo Ranch A fresh wave of pet-centered enthusiasm hit Alamo Ranch as Ray and Naz, proud local entrepreneurs, unveiled their new Pet Supplies Plus store on October 23. This isn't just any run-of-the-mill pet supply shop; it's a reflection of their personal journey as devoted pet parents. With a blend of grit and community spirit,...

Veterans Hit Sales Milestones in Nexion Travel Program

Veterans Carve New Paths in Travel Entrepreneurship Nexion Travel Group is giving veterans and military spouses a different kind of battleground—one where the prize isn't a medal, but a successful travel business. With their Veterans in Travel program, they've hit milestones that deserve more than just a polite nod. Surpassing Last Year's Benchmarks Let's cut to the...

2026 Chinese Congress to Advance Integrative Oncology

Changsha Set to Host a Global Convergence in Oncology For those interested in the blend of age-old wisdom and cutting-edge science, it’s time to tune into what’s happening in Changsha, China. The 2026 Chinese Congress on Holistic Integrative Oncology is about to kick off from November 12 to 15, and it's got quite the lineup of star-studded brainpower in the oncology...

LG Wins CES Honor with Breakthrough Battery Diagnostic Tech

Speeding Up Diagnostics: A Major Leap Forward In a world where every second counts, LG Energy Solution strikes gold with their latest innovation, Re.Pulse. CES Innovation Awards 2027 has honored LG for this slick piece of tech that trims down battery diagnosis time from a snail's pace seven hours to a lightning-fast 10 minutes. It's not just about speed—it’s also...

New Metrics Aim to Elevate Organ Procurement Performance

Revamping Organ Procurement: A New Approach In the tangled web of healthcare, the organ donation system stands as a lifeline that's often tangled in its metrics. The latest stride by the Association of Organ Procurement Organizations (AOPO) might put some untethered efforts in line. With an announcement on November 9, 2026, the AOPO unveiled three fresh performance...

OpenHear BM420: CES 2027 Honoree for Accessibility

Shokz's Big Leap With OpenHear BM420 Alright, this recognition for Shokz comes out of the left field for anyone not keeping an eye on their trajectory lately. From headphones to hearing aids—Shokz takes a genuine shot at making life easier for folks struggling with hearing issues. The CES 2027 Innovation Award for their OpenHear BM420 shows the tech's real potential in...

Next Bridge Hydrocarbons' Call for Presidential Intervention

Trump's New Team: A Hope for Shareholder Relief? Picture the scene—Next Bridge Hydrocarbons, caught in the depths of shareholder unrest over the unresolved MMTLP fiasco, is looking to the top for answers. With a fresh face, Stephen Miller, stepping in as the White House Chief of Staff, there's a new angle at play. They're knocking on the doors of the Trump...

Black Farmers Revitalize Birmingham with Historic Market

A Bold Return to Roots in Fountain Heights Fountain Heights, Birmingham—a place that's been screaming for change, finally gets its answer. Imagine, for almost 70 years, not a single grocery store in the neighborhood. That’s as wild as it gets. Streets once echoing with challenges now buzz with a new beginning. Enter the We All Eat Market by Fountain Heights Farms...