Net income attributable to shareholders in first quarter 2016 up 20.5 percent vs. first quarter 2015

Allianz SE
Munich, May 02, 2016 | 2:00 pm
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Operating profit reached 2.8 (1Q 2015: 2.9) billion euros, a decrease of 3.5 percent. The outlook for the financial year 2016 remains unchanged.

Net income attributable to shareholders was 2.2 (1Q 2015: 1.8) billion euros, which is 20.5 percent above the year-earlier figure, driven in part by non-operating realized gains.

The Solvency II capitalization eased to 186 percent at the end of the first quarter (year end 2015: 200 percent) due to capital market developments, partly offset by risk management actions. The decrease was also in part due to a changed regulatory treatment affecting the German life insurance industry that took effect on January 1, 2016.

As announced, Allianz SE will publish further details on business developments in the first quarter on May 11, 2016.

These assessments are, as always, subject to the disclaimer provided below.

These assessments are, as always, subject to the disclaimer provided below.

Information and Explanation of the Issuer to this News:

Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, 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. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations,
including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) 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.

No duty to update
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse

End of Announcement

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