"With our 3+One Program, which was started five years ago, we are focussing on stable operating earnings. This is why we can actually profit from the crisis. In an environment with few providers – and above all, few providers with our good rating – new opportunities open up for us." (translation)
Manager quotes on the financial markets crisis
Diekmann: "Invest responsibly"
CEO Michael Diekmann says Allianz will continue to offer only products that are "easy to understand and easy to explain." Amid the setting of the current financial crisis, Allianz SE management considers it especially important to keep clients' money invested conservatively, safely and responsibly. It is a strategy which Allianz's top managers have repeatedly avowed to, since the onset of market turbulence:
Michael Diekmann
November 21, 2008. CEO Michael Diekmann in "Junge Karriere":
Helmut Perlet
October 23, 2008. CFO Helmut Perlet in "Süddeutsche Zeitung":
"We can't fully escape the aftermath of the financial crisis. We feel its impact, for example, on the sale of life insurance policies. And we're seeing increased impairments on equity portfolios, which will affect our profits. On the other hand, during a crisis people look for a safe ship. That in turn will benefit us." (translation)
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Michael Diekmann
October 16, 2008. CEO Michael Diekmann:
"Every one of us is directly affected by the upheavals in the financial markets, and feels overstrained or at least helplessly exposed to market forces. We have to address these problems seriously. For Allianz, the best way we can do that is to make sure that our products remain easy to understand and easy to explain, and that the money entrusted to us is invested responsibly, as it always has been. Today there could hardly be a safer investment portfolio than Allianz's."
Harald Zessin
October 15, 2008. Chief Officer of the Allianz Pension Fund Harald Zessin:
"Our ongoing contribution revenues, together with income from capital investments, are substantially higher than our disbursements – in other words, we're bringing in more these days than we have to pay out. In these turbulent times especially, we've once again seen how much it means that we've always invested as a conservative investor, with a strong risk awareness."
Maximilian Zimmerer
October 13, 2008. Allianz Leben CEO Maximilian Zimmerer:
"The international financial markets crisis is not a crisis for German life insurance. Life insurance is, and remains, a secure means of old age provision. Even in difficult times, customers can depend on life insurance and private retirement provision schemes. The many built-in safeguards have also successfully weathered previous crises." (translation)
Michael Heise
September 19, 2008. Chief Economist at Allianz Michael Heise:
"There is no reason for our customers to be concerned. Allianz has no difficulties in meeting its obligations. We do not have a liquidity or capital bottleneck. This strength – particularly in times of turbulence – is what the Allianz brand stands for."
Clement Booth
September 18, 2008. Allianz Board Member Clement Booth:
"We want to focus absolutely on core business. That's what drives us. As a company with a conservative investment strategy, these days we are being acknowledged as refreshingly boring."
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