• Allianz SE average gross margin for 2014 was 78.53%, a 35.32% decline from 2013.
• Allianz SE average gross margin for 2013 was 121.41%, a 53.96% decline from 2012.
• Allianz SE average gross margin for 2012 was 78.86%, a 42.06% increase from 2011.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.