Allianz Life Named as One of the 2024 World’s Most Ethical Companies®

Company recognized by Ethisphere for the fifth year in a row for commitment to business integrity

MINNEAPOLIS – March 4, 2024 – Allianz Life Insurance Company of North America (Allianz Life) has been recognized as one of the 2024 World’s Most Ethical Companies® by Ethisphere for the fifth year in a row. This recognition underscores the company’s commitment to responsible business practices and building a more sustainable future.

In 2024, 136 companies from 20 countries and 44 industries were recognized for demonstrating a commitment to business integrity through robust ethics, compliance, and governance programs.

“Ethics and integrity are the foundation of how we do business at Allianz Life,” said Jasmine Jirele, president and CEO, Allianz Life. “Leading with integrity builds trust with our customers, empowers our employees and ensures the longevity of our mission. We are proud to again be recognized for our efforts.”

The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance practices; ethics and compliance program; diversity, equity, & inclusion; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify truly best-in-class ethics and compliance practices from organizations across industries and from around the world.

In addition to the many initiatives highlighted in the application, Allianz Life’s “Hear Me” campaign emphasizes the company’s culture of ethics. The “Hear Me” campaign is designed to empower employees to feel safe to share their ideas, thoughts and opinions by focusing on three principles: everyone deserves to be heard; employees don’t always have to agree; and no one should be penalized or criticized. One of the benefits of the campaign allows for decision making to be made by those closest to the work and allows us to keep moving forward at record breaking speeds.

“It’s always inspiring to recognize the World’s Most Ethical Companies®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance, and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, chief strategy officer and executive chair, Ethisphere. “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to Allianz Life for achieving this honor and demonstrating that strong ethics is good business.”

About Ethisphere
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. For more information, visit
https://ethisphere.com.

“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.

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About Allianz Company Profile

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2023, Allianz Life provided additional value to its policyholders via distributions of more than $13.73 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with approximately 157,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.