Corporate | 18 March 2004 07:55
Allianz AG: Group Key figures
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Group Key figures 2003
2002 2003
Group Key figures (in billions Euro)
Net income(1) -1.229 1.616
Shareholders’equity 21.7 28.6
Key figures by lines of business
Insurance
Statutory premiums (2) 82.6 85.0
Combined ratio (3) 105.7 97
Banking
Net revenues (4) 7.566 6.743
Net loan loss provisions -2.222 -1.014
Administrative expenses -7.314 -6.086
Asset Management
Third party assets under management (5) 561 565
The Board of Management will propose to the Annual General Meeting that a
dividend of 1.50 Euros per share should be distributed, thereby retaining the
level of the previous year.
(1) Results after goodwill, depreciation, taxes and minorities
(2) Including premiums from investment-products in life insurance
(3) Property and casualty, not adjusted for extraordinary effects
(4) Net interest income + net fee and commission income + net trading income
(5) Asset management without unit linked business
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 AG’s
filings with the U.S. 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.
end of message, (c)DGAP 18.03.2004
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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
180755 Mär 04