Madrid, April 26, 2023.
Allianz Partners has announced today its financial results for the year 2022, which highlights an increase in its total income amounting to a total of 8,200 million euros with an improvement of 1.3 points in its combined ratio
The leading Insurance and Assistance company also highlights the management of more than 72 million assistance cases in 2022, including more than 11,000 medical repatriations thanks to its 22,000 employees worldwide and its network of 1.2 million providers. The entity's solid results in 2022 were mainly due to the significant rebound in the travel assistance business, mainly due to the lifting of Covid19-related restrictions in the first half of the year. Likewise, the growth in revenues supported a new and significant investment in the digital platforms and in the health business of the entity. In general, all business areas showed growth compared to 2021:• The helpline in Travel registered the highest growth thanks to the growing interest in travel and the growing demand for protection, in addition to the lifting of restrictions and the opening of borders of most countries. Increased global demand drove strong results in all markets and regions among existing and new customers, including e-commerce, banking and airlines. Specifically, travel insurance grew by 80% compared to 2021, with revenues of 3,053 million euros in 2022.• For its part, the Mobility business also performed excellently, also registering a strong increase in the number of trips throughout 2022, which translates into a turnover of the Assistance and Mobility business of 2,610 million euros (5% vs. 2021).• The Health business grew by 26%, registering revenues of 2,384 million euros last year, driven primarily by the traditional International Private Health Insurance (IPMI) segment, with strong growth and retention in the expatriate business. Also, the increase in the travel business for international students and the association with Aetna Internacional represented an important source of income for the company in this business. • Allianz Partners' direct channels reached 334 million euros in revenue, with 78 % annual growth. Marketing campaigns with a focus on post-Covid travel recovery were a key factor driving performance, achieving the highest growth in the United States, Australia, Germany and Brazil. Tomas Kunzmann, CEO of Allianz Partners, commented, "This record performance demonstrates the success and validation of our global approach as we continue on our journey to be the #1 insurance and assistance partner in the new digital world. This has only been possible thanks to the commitment of the entire team at Allianz Partners, which has enabled the company to fulfill its purpose of accompanying clients in their daily lives with solutions that offer true peace of mind, just a click away." "Looking ahead, I anticipate continued growth and excellent performance across all our business areas, thanks to the continued trust of our partners and customers By continuing our business transformation and launching ecosystem platforms that offer digital services beyond traditional insurance, we will secure our leadership position throughout throughout 2023 and beyond". For his part, Borja Díaz, CEO of Allianz Partners Spain, also highlights that this excellent result obtained by the company has also occurred in the national market with an increase in revenues of 21% more than last year. "I am very proud of the work carried out by our team, which has led us to exceed our goal, offering excellent service to our clients and accompanying people to make their lives easier," concludes Díaz.Key figures for Allianz Partners in 2022 : Details of the percentage of Group revenue by business line (in billions of euros) Assistance and Mobility Travel Health Others TotalRevenue 2,610 3,053 2,384 0,162 8,208Vs. 2021 (%) 5.0% 79.7% 25.7% 87.3% 33.1%
Contact Contact name: Allianz Partners Press Contact description: Allianz Partners Press Contact telephone number: 34 639 269 253
