5 Largest German Companies by Revenue

In this article, we discuss 5 of the largest German companies by revenue. If you want to see more of the largest German countries by revenue, go directly to 15 Largest German Companies by Revenue.

5. Allianz

Revenue: $127.12 Billion

Allianz is a leading insurance and investment advisory company based in Germany. For the first six months of 2022, the company’s total revenues rose 7.2% year over year to €81.2 billion and its operating profit rose 1.2% year over year to €6.7 billion. According to Standard & Poor’s, Allianz rates as ‘AA’ in terms of financial strength.

In terms of sustainability, Allianz Group is also a leader as the company recently announced, “For its proprietary Investment and Property & Casualty (P&C) businesses, as of January 1, 2023, Allianz will no longer invest in or underwrite new single-site or stand-alone oil and selected gas risks, oil and gas activities related to the Arctic and the Antarctic or extra-heavy oil and ultra-deep sea risks. By the start of 2025, Allianz will require a robust ‘net-zero by 2050’ commitment from the largest hydrocarbon producers as a pre-condition for company-level insurance coverage and investments.”

With its initiatives, the insurer hopes to accelerate the decarbonization of the oil and gas business in the medium term and the company itself hopes to have its global business operations to be at net-zero as early as 2030.