Allianz SE

Earnings Release • Jan 24, 2008

News Details

Ad-hoc | 24 January 2008 14:02

Allianz Group: Preliminary figures for 2007: Profit forecast confirmed

Allianz SE / Interim Report

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Operating profit further increased to more than 10.8 billion euros,
net income grows to 8 billion euros

Based on preliminary figures, Allianz Group confirms its forecast for the
2007 results. Operating profit is expected to exceed 10.8 billion euros and
net income rises to 8 billion euros.

In the property and casualty business operating profit amounts to more than
6.2 billion euros in 2007. During the same period, the life and health
business achieves an operating profit of almost 3 billion euros.

The banking segment reports a negative operating result of approximately
450 million euros in the fourth quarter. This is largely due to valuation
adjustments on structured products in the trading book of around 900
million euros. Nonetheless, operating profit for the full year is positive
at approximately 750 million euros.

The Asset Management business reaches an operating profit of more than 1.3
billion euros.

As a result, despite a difficult market environment, Allianz Group was able
to further increase its net income from 7 billion euros for 2006 to 8
billion euros for 2007.

With almost 48 billion euros shareholders’ equity remains on a high level.

As already announced, Allianz will publish full details for the fiscal year
2007 on February 21, 2008.

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

End of message.

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Information and Explaination of the Issuer to this News:

Cautionary Note Regarding Forward-Looking Statements:
The statements contained herein may include statements of future
expectations and other forward-looking statements and can involve known and
unknown risks and uncertainties. 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) the
impact of acquisitions, including related integration issues, (iii) the
frequency and severity of insured loss events, (iv) mortality and morbidity
levels and trends, (v), the extent of credit defaults (vi) performance of
the financial markets, (vii) currency exchange rates, (viii), changes in
national and international laws, including tax policies. 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.
24.01.2008 Financial News transmitted by DGAP

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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

End of News DGAP News-Service

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