Allianz SE

Earnings Release • Oct 29, 2012

News Details

Ad-hoc | 29 October 2012 22:05

Allianz SE: Third quarter operating profit tops expectation, 2012 outlook raised

Allianz SE / Key word(s): Change in Forecast

29.10.2012 22:05

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Allianz Group achieved an operating profit of 2.5 billion euros in the
third quarter 2012 due to a better-than-expected performance across all
segments, especially in asset management. Net income rose to 1.4 billion
euros in the third quarter.

Following the strong operating performance, Allianz expects the 2012 full
year operating profit to exceed 9 billion euros, assuming a normal business
development during the remainder of the year.

Net income growth will be comparatively lower because of further balance
sheet strengthening including investment de-risking and restructuring
activities, as already seen in the first nine months of 2012.

All figures are preliminary. Full results for the third quarter will be
published as planned on November 9.

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

Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include 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, and including market volatility,
liquidity and credit events (iii) the frequency and severity of insured
loss events, including from natural catastrophes (e.g. hurricane Sandy) and
including the development of loss expenses, (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 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.

29.10.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
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, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX

End of Announcement DGAP News-Service

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