Allianz SE

Earnings Release • Sep 12, 2001

News Details

Ad-hoc | 12 September 2001 20:07

Allianz AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Attacks in the USA: Allianz expects claims of up to 700 million euros – Profit forecast revised One day after the tragic attacks in the USA, a final analysis of the existing insurance and reinsurance coverage is not yet possible. Our initial estimates show, the total extent of damages resulting from the attacks could translate to a net loss of up to 700 million euros for the Allianz Group. This affects current forecasts on annual results considerably. Allianz now expects a net profit of just over 2 billion euros, compared to the 2.4 billion euros (adjusted for special tax effects from the year 2000) achieved in the year 2000. These assessments are as always subject to the disclaimer provided below. end of ad-hoc-announcement (c)DGAP 12.09.2001 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: 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 business and 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) interest rate levels, (vii) currency exchange rates including the Euro – U.S. dollar exchange rate, (viii) changing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the European Monetary Union, (x) changes in the policies of central banks and/or foreign governments, (xi) the impact of our acquisition of Dresdner Bank, including related integration issues, and (xii) general competitive factors, in each case on a local, regional, national and / or global basis. The matters discussed in this release may also involve risks and uncertainties described from time to time in Allianz AG’s filings with the U.S. Securities and Exchange Commission. Allianz AG assumes no obligation to update any forward- looking information contained in this release. ——————————————————————————– WKN: 840400; Index: DAX-30; EURO STOXX 50 Listed: Amtlicher Handel in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München, Stuttgart; EUREX; Swiss Exchange, London, Paris, NYSE 122007 Sep 01