Allianz SE

Earnings Release • Mar 20, 2003

News Details

Corporate | 20 March 2003 07:56

Allianz AG english

Allianz AG – Year end results 2002 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Allianz AG – Year end results 2002 2001 2002 Group Key Figures (in billion EUR) Net income(1) 1,6 -1,2 Shareholders’equity 31,7 21,8 Key figures by Lines of Business Insurance Statutory Premiums(2) 75,1 82,6 combined ratio (3) 108,8 105,7 Banking 2001 Figures reflect Dresdner Bank consolidation from July 23, 2001 Net revenues(4) 3,897 7,564 Net loan loss provisions 0,588 2,222 Administrative expenses 3,261 7,314 Asset Management Third Party assets under management(5) 620,5 560,6 (1) Profit after goodwill, depreciation, taxes and minorities (2) Includes premiums from investment-oriented products in life insurance (3) property&casualty, not adjusted for extraordinary effects (Central European floods, A&E reserve strengthening) (4) net interest income plus net fees and commission income plus net trading income (5) asset management without unit linked business Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained herein may be 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-U.S. 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 involve risks and uncertainties described from time to time in Allianz AG’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any information contained herein. end of message, (c)DGAP 20.03.2003 ——————————————————————————– WKN: 840400; ISIN: DE0008404005; Index: DAX-30, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Swiss Exchange; London; Paris; NYSE 200756 Mär 03