(Finance) – Allianz Partnersa company active in insurance and assistance services, closed the 2023 financial year with 9.3 billion euros of total revenues (+13.0% vs 2022), and a operating profit of 301.2 million euros (+5.8% vs 2022). This is the best financial performance in the history of Allianz Partners. All business lines recorded sustained growth, thanks to the surge in international travel, double-digit growth in Mobility & Assistance and record 23.4% growth in the Health business.
Going into detail, the business Health last year it recorded substantial growth of 23.4%, with revenues of 2.959 billion euros. The business Travel Insurance grew by 8%, with revenues of 3.297 billion euros in 2023. The business Mobility & Assistance recorded revenues of 2.902 billion euros, equal to an annual increase of 11.2%.
“2023 was another record year for Allianz Partners in terms of total revenues and profits, following the record results of 2022 – commented Tomas Kunzmann, CEO by Allianz Partners – The Travel business continues to thrive, the Health business has seen tremendous growth and our Mobility & Assistance business has had great momentum globally. As a result, our continued growth is based on solid foundations, as we invest in the digitalisation of our services, whilst ensuring the human touch that ensures the highest levels of customer satisfaction.”
Total Combined ratio for the Insurance and Service business equal to 97.3%, for the Insurance business only equal to 96.2%. 72.9 million care cases managed globally in 2023, equal to 200 thousand cases per day.
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