Minneapolis-based Allianz Life Insurance Company of North America posted operating profit of $381 million for the first half of 2012 compared to profit of $315 million during the first six months of 2011. A growing asset base combined with gains realized on investments was the driving force behind the strong profit performance.

Total assets under management reached $99.6 billion, representing 9 percent growth compared to a year ago. Sustained customer balances coupled with positive investment returns generated this growth. New product offerings during the period enhanced Allianz Life’s position as the leading provider of fixed index annuities in the United States, according to AnnuitySpecs.com.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.