Ad-hoc | 2 November 2006 22:18

Allianz SE: Preliminary figures for the third quarter 2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Allianz Group: Preliminary figures for the third quarter 2006 – Net income for the quarter doubled Allianz Group continued to chart a successful course in the third quarter of 2006. Based on preliminary figures, total revenues at 22.6 billion euros were slightly down compared to the equivalent previous year’s quarter (third quarter 2005: 23.8 billion euros), but the operating profit increased by 42.7 percent to 2.7 billion euros. Net income for the quarter rose by 100.4 percent to 1.6 billion euros. • In the Property and Casualty business, the combined ratio improved to 90.2 percent. The operating profit grew correspondingly by 74.1 percent to 1.7 billion euros. • The operating profit for Life and Health business posted an increase of 11.0 percent to 617 million euros. • Dresdner Bank continued its successful performance of sustained improvement in earnings: the operating profit went up by 38.2 percent to 311 million euros. • Net cash inflows in Asset Management amounted to 9.7 billion euros. The operating profit of 294 million euros remained at the high level of the equivalent previous year’s quarter. Shareholders’ equity of Allianz Group continued to increase by 13.8 percent from 39.5 billion euros as at December 31, 2005 to 44.9 billion euros. The increase in net income for the quarter was mostly a result of the improved operating profit. The quarterly net income also contains a profit of approximately 300 million euros from the sale of Four Seasons Healthcare. ‘The very successful business performance again leads us to anticipate slight improvements on the forecast made at the half-year stage for the fiscal year 2006: We are now assuming an operating profit in excess of 9.5 billion euros. Although restructuring expenses for Dresdner Bank are still outstanding in the fourth quarter and realization of further capital gains is not planned, we are anticipating net income for the year above 6 billion euros,” according to Helmut Perlet. These statements are subject to the reservation that no natural catastrophes or adverse developments in the capital markets compromise profitability. The full interim report for the third quarter of 2006 will be published on November 10, 2006 and be available on www.allianz.com. These assessments are, as always, subject to the disclaimer provided below. End of message ————————————————————————— Information and Explaination of the Issuer to this News: 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 information contained herein. No duty to update The company assumes no obligation to update any information contained herein. (c)DGAP 02.11.2006 ————————————————————————— 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 WWW: www.allianz.com ISIN: DE0008404005 WKN: 840400 Indices: DAX-30, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Hannover, Düsseldorf, Stuttgart, München, Hamburg, SWX; Terminbörse EUREX; Foreign Exchange(s) London, NYSE End of News DGAP News-Service —————————————————————————