FIA Sales Drive Allianz Life’s Growth In 2015

Total premium (new sales and recurring premiums) reached $11.6 billion in 2015, down 26% from $15.7 billion in 2014. This decline was within expectations due to an unusually strong 2014. Including sales results from 2012 ($9.4 billion) and 2013 ($9.7 billion), total premium has experienced an annual growth rate of 7% over the past four years. In 2015, fixed annuity and fixed index annuity sales were $8.8 billion, variable annuities generated $2.0 billion of premium, and life insurance sales were $75 million.

In 2015, Allianz Life provided a total of $2.4 billion in benefit payments that supported policyholders’ life insurance protection, retirement income and other financial objectives. At the close of 2015, Allianz Life’s assets under management were at $121 billion, nearly level with the prior year ($122 billion).

“Our results in 2015 speak to ongoing consumer demand for guaranteed income products that can provide Americans with more confidence about achieving their financial and retirement goals,” said Allianz Life Chief Financial Officer Bill Gaumond. “With strong premium and operating profit, focused risk management discipline and innovative product offerings, we are well positioned to deliver consistent value to our consumers, distributors and our shareholder.”

Allianz Life has maintained strong financial and credit ratings for several years, including through the financial downturn in 2008-2009. In 2015, A.M. Best upgraded the company’s financial strength rating to A+ (Superior) from its previous A rating, and also upgraded its issuer credit ratings from “a+” to “aa-.” The A.M. Best rating of A+ (Superior) is the second-highest of 16 possible ratings. Standard & Poor’s affirmed Allianz Life’s rating as AA (Very Strong) – the third-highest out of 21 possible ratings. The outlook for all ratings is stable.

Recognition and Awards

In addition to solid 2015 financial results, Allianz Life earned the following distinctions in 2015:

• Named #1 Fixed Index Annuity (FIA) Leader for 25 consecutive quarters (based on sales), according to Wink’s Indexed Sales & Market Report, 3Q 2015;
• Ranked 68^th nationally on FORTUNE magazine’s “100 Best Companies to Work For” in 2015, the top Minnesota company on the list;
• Named a Minneapolis Star Tribune Top Workplace for the sixth consecutive year;
• Ranked on Working Mother magazine’s 100 Best Companies list for the second consecutive year; and
• Recognized for community leadership for providing more than $1.9 million to local organizations in 2015, primarily focused on senior services and financial literacy programs through corporate and employee giving.

“These accomplishments are a reflection of the passion and dedication of our employees, confirming our commitment to supporting our customers and distribution partners, and being a visible leader in our community,” Gaumond said.

About Allianz Life

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2015, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 147,000 employees worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities. Follow Allianz Life Insurance Company of North America on Twitter @AllianzLifeNews.