Allianz-PIMCO top foreign financier of Israel

At the height of Israel's military campaign in Gaza, the German insurance and financial services giant Allianz, along with its California-based subsidiary PIMCO, became the single largest foreign financier of the Israeli state. Data from sustainability research firm Profundo shows that by September 2025, the Allianz group held approximately $2.67 billion in Israeli government bonds across its fund subsidiaries. This represented 51.8 percent of all non-Israeli holdings in the dataset, meaning Allianz-PIMCO held more Israeli war bonds than the US, UK, France, and every other country combined.