Market risks push Allianz’s Solvency II ratio lower in Q2
Heightened market risks over the second quarter added €2.7 billion ($3.2 billion) to Allianz’s solvency capital requirement (SCR), contributing to a three-percentage point drop in its core solvency ratio.
The German insurer’s Solvency II ratio, its SCR divided by eligible own funds, fell to 187% over the three months to end-June, its lowest level since Q3 2016. The SCR increased a net 5% to €43.2 billion over the quarter, outpacing a 3% rise in own funds, to €80.7 billion.
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