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Allianz SE (WBO:ALV) Altman Z-Score


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What is Allianz SE Altman Z-Score?

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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz SE (WBO:ALV) » Definitions » Altman Z-Score
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XTER:TLX XTER:NBG6 BRK.A XSWX:ZURN XPAR:CS MIL:G AIG ACGL TSX:SLF XSWX:SLHN OHEL:SAMPO LSE:AV. XAMS:NN OCSE:TRYG BSP:BBSE3 XAMS:ASRNL MIL:UNI TSX:BNT XAMS:AGN BOM:540716
Traded in Other Exchanges
ALIZY:USA ALIZF:USA ALV:Romania ALV N:Mexico 1ALV:Italy ALLIANZ:Hungary ALVd:UK 0M6S:UK ALV:Germany ALZ:Canada ALV:Bulgaria
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 von Thieme and Wilhelm von Finck, the founders of Munich Re. It took the company five years to expand the business into Europe and North America and subsequently list in Berlin. After World War I, individuals were confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after World War II, 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 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.