Allianz Egypt (and its shareholders “SanlamAllianz”) express their deepest condolences and sorrow for the tragic loss of lives while condemning all acts of hate, and violence and hopes for an expeditious and sustainable resolution to the conflict.

Allianz Egypt confirms that it is an Egyptian company founded in 1976, as the Arab International Insurance Company. In 2004, it was acquired under its current commercial names, Allianz Life Assurance Company and Allianz Insurance Company. In 2023, the company in Egypt became part of “SanlamAllianz” alliance, where "Sanlam Group”, the largest non-banking financial services company in Africa, is the majority shareholder that owns and controls 60% of the new alliance shares, with full control of management across Africa.

Allianz Egypt is fully managed by Egyptians and has a long and distinguished history of contribution to the Egyptian economy, with assets under management worth more than EGP 22 Bn for Allianz Life Assurance Company and more than EGP 2 Bn for Allianz Insurance Company. Allianz Egypt provides more than 1,800 direct and indirect employment opportunities, with branches spread over more than 15 Egyptian governorates and present in more than 700 bank branches, to provide financial services to retail and corporate customer segments. The company is also committed to launching several developmental initiatives that serve the Egyptian community, mainly in the education and health fields.