The data for ALLIANZ INSURANCE PLC shows a consistently low percentage of invoices paid within 30 days, with the lowest being 54.2% in the second half of 2020. However, there has been a slight improvement in the percentage of invoices paid within 60 days, increasing from 30.6% in the first half of 2018 to 35.8% in the first half of 2023. The percentage of invoices paid later than 60 days has also been relatively stable, ranging from 9.7% to 13.9%.
There is a slight volatility in the data for ALLIANZ INSURANCE PLC, with the biggest changes seen in the percentage of invoices paid within 30 days. This percentage has fluctuated between 54.2% and 65.2% over the past 5 years. The other categories have remained relatively stable, with the percentage of invoices paid within 60 days ranging from 30.6% to 35.8% and the percentage of invoices paid later than 60 days ranging from 9.7% to 13.9%.
On average, ALLIANZ INSURANCE PLC takes around 38 days to pay invoices to suppliers. The percentage of invoices paid within 30 days has ranged from 54.2% to 65.2% over the past 5 years. The highest percentage of invoices paid within this time frame was in the first half of 2023, while the lowest was in the second half of 2020.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 |
Allianz Insurance PLC is a UK-registered public limited company providing non-life insurance. It was incorporated in 1905 and traded originally as Cornhill Insurance Public Limited Company, then as Allianz Cornhill Insurance PLC, before adopting its current name. Companies House records its principal activity under the SIC code for non-life insurance. The company operates as part of the wider Allianz group, underwriting general insurance business in the UK. No further detail on specific product lines or customer segments is confirmed by the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk