Allianz SE is a Germany-based financial services provider and holding company. The Company operates following business segments: Insurance Operations, Asset Management, and Corporate and Other. The Insurance Operations segment is divided into Property-Casualty and Life/Health product groups and offers insurance, and investment products for private, as well as corporate clients. The Asset Management segment consists of asset management products and services for third-party investors and the Company's group insurance operations, and is dividend into Equity, Fixed-Income, Alternatives and Solutions product groups. The Corporate and Other segment encompasses operations of Holding & Treasury, Banking and Alternative Investment business. The Company operates in approximately 70 countries with major operations in Europe. As of December 31, 2011, the Company had a total of 908 fully consolidated entities, including seven Special Purpose Entities, 16 joint ventures and 112 associated entities.