Allianz SE

Earnings Release • May 9, 2008

News Details

Corporate | 9 May 2008 07:29

Allianz Group – Key Figures 1st quarter 2008

Allianz SE / Quarter Results

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The issuer / publisher is solely responsible for the content of this announcement.

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[Eur mn] 1Q 2008 1Q 2007
Total revenues [Eur bn] 27.7 29.3
Operating Profit 1,856 2,870
Property/Casualty 1,479 1,267
Life/Health 589 750
Banking -456 700
thereof Dresdner Bank -453 677
Asset Management 241 312
Corporate -76 -101
Consolidation 79 -58
Income before income taxes & minority interests 1,902 4,556
Income taxes -674 -967
Minority interests in earnings -80 -349
Net income 1,148 3,240
Property/Casualty 1,057 1,180
Life/Health 452 553
Banking -538 625
thereof Dresdner Bank -513 612
Asset Management 78 99
Corporate -99 381
Consolidation 198 402
Earning per share (basic) (Euro) 2.55 7.51
Ratios
Property/Casualty: Combined Ratio 94.8% 96.8%
Life/Health: Statutory Expense Ratio 9.1% 7.2%
Dresdner Bank: Cost-Income Ratio 161.6% 66.9%
Asset Management: Cost-Income Ratio 66.9% 60.0%
[Euro bn] 31.03.2008 31.12.2007
Shareholders´ equity* 45.0 47.8
Third-party assets under management 736 765

* Excluding minority interests

These assessments are, as always, subject to the disclaimer provided below.

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 SE’s filings with
the U.S. Securities and Exchange Commission. The company assumes no
obligation to update any forward-looking information contained herein.

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

This is not an offer (or the solicitation of an offer) to acquire or sell
any securities in any jurisdiction.

09.05.2008 Financial News transmitted by DGAP

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
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE, SWX

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