IR announcements

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Allianz strengthens its presence in Brazil

• Allianz to acquire automobile and other Property-Casualty operations from SulAmérica and become one of the top 3 insurers in Property-Casualty insurance in Brazil
• The transaction to position Allianz as the number 2 in automobile insurance
• The acquisition supports Allianz’s growth strategy in key markets
• Pending regulatory approvals, closing is expected within the next 12 months

Allianz reports strong profitability in 2Q 2019. Operating profit outlook for full-year confirmed.

• Internal revenue growth of 4.1 percent in 2Q 2019
• 2Q 2019 operating profit up 5.4 percent to 3.2 billion euros
  
• 2Q 2019 net income attributable to shareholders up 13.1 percent to 2.1 billion euros
  
• 6M 2019 operating profit at 6.1 billion euros reaches 53 percent of full-year outlook midpoint
  
• 6M 2019 net income attributable to shareholders rises 7.3 percent to 4.1 billion euros 
  
• Solvency II capitalization ratio at 213 percent at the end of 2Q 2019 compared to 218 percent at the end of 1Q 2019
  
• Operating profit outlook for 2019 confirmed at 11.5 billion euros, plus or minus 500 million euros
  

Changes to the Board of Management at Allianz SE

• Helga Jung to retire on December 31, 2019 after 26 years
• Renate Wagner appointed as her successor as of January 1, 2020

Resolution of Allianz Popular bancassurance alliance in Spain

• Allianz and Banco Santander to resolve Allianz Popular bancassurance partnership in life insurance, pensions, asset management, and non-life insurance in Spain
• Banco Santander to pay 936.5 million euros to acquire Allianz’s 60 percent stake in joint venture Allianz Popular SL and for termination of exclusive non-life insurance distribution agreement
• Transaction is subject to regulatory approvals and expected to be completed in 1Q 2020

Allianz strengthens its presence in the UK

• Allianz UK to acquire 100 percent of Legal & General Insurance Limited, the general insurance business of Legal & General Group Plc for £242 million. The transaction is subject to regulatory approvals.
• Allianz UK to buy out the remaining 51 percent stake in LV General Insurance Group (LV GIG) for up to £578 million from Liverpool Victoria Friendly Society (LVFS).

Allianz calls a CHF 500 million subordinated bond

Allianz SE calls for redemption in whole the CHF 500,000,000 3.25% Undated Subordinated Resettable Fixed Rate Notes of 2014 (ISIN: CH0234833371, Valor: 23.483.337) effective July 4, 2019.

Allianz reports operating profit of 3.0 billion euros in 1Q 2019

• Internal revenue growth of 7.5 percent in 1Q 2019
• 1Q 2019 operating profit increases 7.5 percent to 3.0 billion euros
• 1Q 2019 net income attributable to shareholders reaches 2.0 billion euros
• Solvency II capitalization ratio at a comfortable level of 218 percent
• 1Q 2019 results put Allianz Group on track to meet its 2019 full-year targets
• Operating profit outlook for 2019 confirmed at 11.5 billion euros, plus or minus 500 million euros

Allianz delivers as promised

• Internal revenue growth of 6.1 percent in 2018
• 2018 operating profit of 11.5 billion euros in the upper end of our 2018 target range
• 2018 net income attributable to shareholders grew 9.7 percent to 7.5 billion euros
• Solvency II capitalization ratio of 229 percent at end-2018, unchanged compared to end-2017
• Board of Management proposes a dividend of 9 euros per share, up 12.5 percent
• Renewal Agenda 1.0 successfully implemented
• Operating profit target for 2019 is 11.5 billion euros, plus or minus 500 million euros, barring unforeseen events
• 4Q 2018 internal revenue growth of 4.4 percent, 4Q 2018 operating profit up 0.4 percent to 2.8 billion euros; 4Q 2018 net income attributable to shareholders up 18.9 percent to 1.7 billion euros
• New share buy-back program of up to 1.5 billion euros announced