Established in 1890 in Munich, Germany and based in Berlin, the company has proven to be a key financial player. Now with nearly 155,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. Providing services in three main lines of business: Insurance, Asset Management, and Banking.

In fiscal 2008 the Allianz Group achieved total revenues of over 92.5 billion euros. Allianz is also one of the world's largest asset managers, with third-party assets of 703 billion euros under management at year end 2008.

Beyond the quality of our financial performance, a number of other activities and factors are important for the sustainable growth of our competitive strength and company value. These include, but are not limited to, our global diversification, the reduction of complexity, our value based management approach, and our crucially important employees.

Our goal is to be the most trusted financial services company throughout the world. We intend to make even greater efforts to achieve our goal of becoming the most trusted global financial services provider. In our pursuit of this goal, we are guided by our fundamental principles and management priorities.

Fundamental principles

We are convinced that we earn the trust of our customers and partners by offering the highest level of expertise, integrity and sustainability.

Expertise: Our services set the standard in our markets. Our highly qualified employees enjoy the respect of customers and competitors and we are successful in our efforts to achieve continuous improvement in the Allianz Group through a combination of global capabilities and local entrepreneurship.

Integrity: For us, integrity means more than just keeping our promises, it means only making promises that we can keep. We maintain a strong focus on securing our financial stability in all circumstances, which is especially important in the current environment. In addition, we review our services regularly to ensure the appropriate balance between the needs of our customers and distributors and the interests of our shareholders.

Sustainability: We achieve sustainability primarily by taking advantage of the major growth opportunities that present themselves to Allianz. The current environment is confirmation that the need for robust and highly ethical investment and insurance services will continue to grow strongly. For too long, the growth dynamics generated during the financial bubble that is now bursting have obscured the increasing systemic risk in our interconnected world: For example, no sustainable model as a solution to the growing problem of global warming and increasingly frequent natural disasters has been developed yet. The same holds true for the growing retirement and health care system deficits faced by aging societies, and for the lack of capital and risk transfer systems in young, rapidly growing economies.

Allianz launch in Egypt

In 2000 Allianz bought 80% of Arab International, the first private joint venture insurance company established in 1976, in 2004 Arab International becomes Allianz Egypt.

Allianz Egypt is comprised of two sister companies: Allianz

Insurance Company and Allianz Life Assurance of Egypt. Providing an excellent combination of global expertise and strength coupled with local presence and in-depth understanding of local needs and challenges.

Allianz Egypt provides a comprehensive range of innovative programs which were exclusively tailored to address the needs of the local market. The company's programs include life and non-life products, which suit all our customers' needs at the different stages in their life. Customer focus is what drives Allianz whether locally or globally. On the other hand, we pay a great deal of attention to employees, and that is why Allianz Egypt has launched the Training Academy, which conveys the company's commitment to develop local talent and build top caliber teams. Allianz Egypt's CSR initiatives emphasize the company's vision in supporting the under privileged categories in Egypt.

On the business front, Allianz Egypt's financial results exceeded the most optimistic of expectation by achieving LE 713 million in both the Life and Non-life premiums, making us #1 in the life business in Egypt.