In its 2024 SFCR Allianz group reported a drop in the Solvency II ratio from 229% in 2023 to 209% in 2024.
The main driver of downward pressure on the group’s ratio is a 7% reduction in its eligible own funds to meet the group SCR (EOF – left axis, bars), while at the same time its Solvency Capital Requirement (SCR) was up by 3% from last year.
The group’s subordinated debt, especially tier 2 capital rose relative to last year.
Weekly Lunchtime Webinar Series: 2024 SFCRs weekly reporting update
Wednesdays throughout May and June 2025, 12.00 UK / 13.00 CET
A weekly update on the state of the Solvency II and Solvency UK 2024 SFCR reports, including early market analysis from Solvency II Wire Data.
