Allianz SE

Earnings Release • May 2, 2007

News Details

Corporate | 2 May 2007 07:58

Allianz SE: Preliminary figures first quarter 2007

Allianz SE / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

Allianz Group – preliminary figures first quarter 2007: good start to
fiscal 2007

The Allianz Group has had a good start to the 2007 fiscal year. Revenues
have been at 29.3 billion euros and have reached the previous year’s level
on a currency-adjusted basis. The operating profit has increased by over 7
percent from 2.7 billion euros to an expected 2.9 billion euros. This
includes claims arising from winter storm Kyrill amounting to 340 million
euros. Therefore, the operating profit in the property and casualty
business has fallen by 119 million euros compared to the previous year. All
the other business segments have been able to further improve their
operating profit.

Allianz has taken advantage of the very favorable development of the
capital markets in the first three months of fiscal 2007 and has harvested
gains from capital investments of around 2 billion euros. The resulting
proceeds will be used to finance the AGF transaction. Net income has
increased from 1.8 billion euros to 3.2 billion euros. Shareholders equity
has risen to 52.3 billion euros (as of 31 December 2006: 50.5 billion
euros).

Allianz will publish the full quarterly report on May 8, 2007.

These assessments are as always subject to the following cautinary
statements.

End of message

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. In addition to statements which are forward-looking by reason
of context, the words 'may', 'will', 'should', 'expects', 'plans',
'intends', 'anticipates', 'believes', 'estimates', 'predicts', 'potential',
or 'continue' and similar expressions identify forward-looking statements.
Actual results, performance or events may differ materially from those in
such statements due to, without limitation, (i) general economic
conditions, including in particular economic conditions in the Allianz
Group's core business and core markets, (ii) performance of financial
markets, including emerging markets, (iii) the frequency and severity of
insured loss events, (iv) mortality and morbidity levels and trends, (v)
persistency levels, (vi) the extent of credit defaults, (vii) interest rate
levels, (viii) currency exchange rates including the euro / US dollar
exchange rate, (ix) changing levels of competition, (x) changes in laws and
regulations, including monetary convergence and the European Monetary
Union, (xi) changes in the policies of central banks and/or foreign
governments, (xii) the impact of acquisitions, including related
integration issues, (xiii) reorganization measures, and (xiv) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences. The
matters discussed herein may also be affected by risks and uncertainties
described from time to time in Allianz SE’s filings with the US Securities
and Exchange Commission. The company assumes no obligation to update any
forward-looking statement.

No duty to update
The company assumes no obligation to update any information contained
herein.

This is not an offer to sell or buy (or the solicitation of an offer to buy
or sell) any securities in any jurisdiction, including the United States of
America

DGAP 02.05.2007

Language: English
Issuer: Allianz SE
Königinstr. 28
80802 München Deutschland
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
www: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg, SWX;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE

End of News DGAP News-Service

---