The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · deployed

~EUR 2.512T (~$2.76T) total AUM (2025) — but ~EUR 1.8T of that is THIRD-PARTY fiduciary money (PIMCO + Allianz Global Investors), not Allianz's own balance sheet. Total assets ~EUR 1.024T (~$1.085T). FX: EUR.

high confidence · as of 2026-07-26 · about Allianz

Sourced figures 3


the working

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