Allianz SE (AZSE) is one of the largest global multi-liners (GMI), offering an ample range of property/casualty (P/C), life, health/assistance, credit insurance, alternative risk transfer, and asset management solutions to retail and corporate clients. It has strong market positions in some significant insurance markets globally, accompanied by presence in numerous emerging markets. The group's extremely strong competitive position is based on excellent geographic and product diversification. AZSE's business risk profile is enhanced by its asset management line's contribution (including Pacific Investment Management Co. LLC [PIMCO]) to operating profit, which helps diversify the group's operating earnings streams. Capital adequacy prospectively to remain in excess of the 'AA' level. Strong and diverse cash flows both from assets and liabilities, and proven capital
