Allianz SE is a German multinational financial services company headquartered in Munich. Its core business and focus is insurance. As of 2013, it is the world’s largest insurance company, the 11th-largest financial services group and 25th-largest company according to a composite measure by Forbes magazine, as well as the largest financial services company when measured by 2012 revenue.
Its Allianz Global Investors division ranks as a top-five global active investment manager, having €1,770 billion of assets under management (AuM), of which €1,131 billion are third-party assets (as of 2010-09-30), with specialized asset managers including PIMCO (bonds), RCM (equities) and Degi (real estate).
Allianz sold Dresdner Bank to Commerzbank in November 2008. As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank.