Allianz recorded a 1.3% decline in turnover in 2020. As at 31 December 2019 the premiums went from 142.4 billion EUR (159.468 billion USD) to 140.5 billion EUR (172.568 billion USD) one year later.
The non-life activity recorded 59.4 billion EUR (72.95 billion USD) of premiums. The combined ratio for the year 2020 was set at 96.3% and the return on equity was established at 11.4%. The group's net profit decreased by 14%, set at 6.8 billion EUR (8.35 billion USD) compared to 7.9 billion EUR (8.84 billion USD) by late 2019.
The operating result, affected by the health crisis, decreased by 9.3% and was set at 10.8 billion EUR (13.26 billion USD).
The pandemic-related losses reached 1.3 billion EUR (1.5 billion USD) in 2020.
Read also | Ranking of insurance companies [4]