Corporate | 8 May 2007 07:28
Allianz SE / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ----------------------------------------------------------------------[Eur m] 1Q 2007 1Q 2006 Total revenues (Euro bn) 29.3 29.6 Operating Profit 2,870 2,677 Property/Casualty 1,267 1,386 Life/Health 750 723 Banking 700 547 thereof Dresdner Bank 677 529 Asset Management 312 304 Corporate -101 -180 Consolidation adjustments -58 -103 Income before income taxes & minority interests 4,556 3,031 Income taxes -967 -899 Minority interests in earnings -349 -353 Net income 3,240 1,779 Property/Casualty 1,180 1,100 Life/Health 553 534 Banking 625 666 thereof Dresdner Bank 612 658 Asset Management 99 90 Corporate 381 -239 Consolidation adjustments 402 -372 Earning per share (basic) (Euro) 7.51 4.39 Ratios Property/Casualty: Combined ratio 96.8% 94.7% Life/Health: Statutory expense ratio 7.2% 8.2% Dresdner Bank: Cost-income ratio 66.9% 73.7% Asset Management: Cost-income ratio 60.0% 59.5% [Euro bn] 31.03.2007 31.12.2006 Shareholders´ equity 52.3 50.5 Third-party assets under management 781 764End of message 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. DGAP 08.05.2007 ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------------