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Allianz SE (Allianz SE) Altman Z-Score


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The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Allianz SE (Allianz SE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz SE (OTCPK:ALIZF) » Definitions » Altman Z-Score
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Traded in Other Exchanges
ALIZY:USA ALV:Mexico ALV:Italy ALVd:UK 0M6S:UK ALV:Germany ALV:Austria
Address
Koniginstrasse 28, Munich, BY, DEU, 80802
Website
https://www.allianz.com
Allianz was founded as a transport and accident insurance firm in 1890 by Carl Thieme and Wilhelm Finck, the founders of Munich Re. It took the company 5 years to expand the business into Europe and North America and subsequently listed in Berlin. After the First World War, individuals became confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after the Second World War, Allianz's foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took almost 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.