The Allianz Group prepares its accounts according to § 315e of the German Commercial Code (“Handelsgesetzbuch – HGB”) on the basis of International Financial Reporting Standards (IFRS) as adopted within the European Union. The annual financial statements of Allianz SE are prepared in accordance with German law, in particular the HGB.

Audit of annual accounts and consolidated financial statements

Since 01/01/2018, PriceWaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) is the statutory auditor for the annual Allianz SE and consolidated financial statements.

PwC audited the financial statements of Allianz SE and the Allianz Group as well as the respective management reports. They issued an auditor’s report without any reservations. You can find the auditor’s report in the Annual Report 2018 of Allianz Group on page 165 as well as in the Annual Report 2018 of Allianz SE on page 91. PwC performed a review of the half-yearly financial report.

Appointment of the auditor

In compliance with the special legal provisions acc. to § 341 k of the German Commercial Code (HGB) applying to insurance companies, the statutory auditor and the auditor for the review of the half-year report are appointed by the Supervisory Board of Allianz SE and not by the Annual General Meeting.

Further information

Principal accountant fees and services of the auditor are listed in the Annual Report 2018 of Allianz Group on page 152.