LV= GI Gender Pay Gap Report

LV= General Insurance Gender Pay Gap Report

This page was accurate at the time of publishing in 2024 and hasn't been updated since then.

All UK companies with 250 employees or more are legally required to report their gender pay gap each year. 

It measures the difference between all males and females average pay across the whole organisation.

The gender pay gap is different to equal pay, which deals with the pay difference between males and females who carry out the same jobs, similar jobs or work of equal value. Read more on gender pay.

As an example, in the table below all the males and females undertaking the same role are paid the same hourly rate; however, there is a gender pay gap of 25.3% as there are more men in the senior roles and more females in the junior roles.

A diagram showing that the average hourly male pay is £58 and for woman it is £43.3. Therefore showing a pay gap of 25.3%

Gender and fair pay

To support equality, we must have fair pay. We’re confident men and women are paid equally for doing the same job at Allianz UK. However, we have fewer women in senior roles, which creates a gender pay gap.

Equal pay and gender pay gap both deal with the levels of pay females get at work and are both very important, but they are two different measures.

In 2024, the Allianz UK workforce was 50.4% female and 49.6% male (for those who identify as a binary gender).

Allianz committed to achieving a minimum of 40% female representation across our management population by 2024.

At December 2024, there is a 42% female representation in management grade roles.

Julie Harrison -  Chief People & Culture Officer, Allianz UK

LV= takes supporting our diversity and inclusion very seriously, by clicking the below PDF link you can view our results and the actions we are committing to.