Allianz SE

Earnings Release • Nov 11, 2005

News Details

Corporate | 11 November 2005 07:29

Allianz AG: Group Key Figures Third Quarter 2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Allianz Group Key Figures 3 Q 2005 3 Q 2004 Euro mil Total revenues (Euro bn) 23.8 23.1 Operating profit 1) 1,723 1,869 Property/Casualty 696 1,138 Life/Health 478 378 Banking 250 136 thereof Dresdner Bank 231 127 Asset Management 299 217 Profit before goodwill amortization, taxes 1,658 1,487 and minorities Goodwill amortization -297 Taxes -530 -498 Minorities -334 -224 Net income 2) 794 468 Property/Casualty 408 368 Life/Health 376 125 Banking 123 125 thereof Dresdner Bank 113 120 Asset Management 40 -57 Consolidation adjustments -153 -93 Earnings per share (Euro) (Basic) 2.03 1.28 Ratios: Property/Casualty:Combined ratio 97.0 90.9 Life/Health:Statutory expense ratio 3) 8.5 10.1 Dresdner Bank:Operating cost- income ratio 93.1 87.7 Asset Management:Cost- Income Ratio 57.8 61.5 Euro bn 30.09.2005 31.12.2004 Shareholders’ equity 48.6 37.7 thereof minority interests in shareholders’ equity 8.8 7.7 Assets under Management 1,234 1,017 thereof Third- party Assets 711 585 “1) For a description on how we measure operating profit and a reconciliation to net income, see interim report, pages 2, 15 (Property/Casualty), 19 (Life/Health), 23 (Banking), and 26 (Asset Management).” 2) Q3 2004 figures have been restated according to IFRS accounting standards; amortization of goodwill has not been cancelled. “3) Represents ratio of net acquisition costs and administrative expenses as presented in the consolidated financial statements to net premiums earned (statutory).” These assessments are, as always, subject to the disclaimer provided below. End of message 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 forward-looking statement. No obligation to update The company assumes no obligation to update any information contained herein. End of announcement (c)DGAP 11.11.2005 —————————————————————————— 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