Aberdeen strengthens German operation with acquisition of DEGI

Aberdeen builds on an established presence in Germany and reinforces its position as a leading property fund manager in the European market, while DEGI finds the right international partner for its continued growth.

Allianz has sold a property portfolio to the Whitehall Funds for EUR 1.7 billion

Following the sale of a tranche of properties to IVG in August 2007, Allianz Immobilien GmbH has now sold a further portfolio of commercial property worth some EUR 1.7 billion to subsidiaries of the Whitehall Funds, real estate funds sponsored and managed by Goldman Sachs.

Allianz remains on target in the third quarter

The Allianz Group increased quarterly net income by 20.7 percent to 1.92 billion euros – Operating profit amounted to 2.60 billion euros – Perlet: "The stable operating result shows that we will achieve our earnings targets for 2007 despite the difficult capital market environment. We will continue to pursue our policy of robust risk management, as well as enhance the quality and efficiency in all lines of business."

Market entry in Kazakhstan

Allianz strengthens its role as leading CIS insurance player.

Personalia

The Supervisory Board of Allianz SE has appointed today Oliver Bäte (42) to the Board of Management of Allianz SE as of January 1, 2008. Bäte will take the newly-created position as Chief Operating Officer.

Successful second quarter 2007: Allianz on track

The Allianz Group increased operating profit by 17.7 percent to 3.3 billion euros – Quarterly net income amounted to 2.1 billion euros. Diekmann: “We have increased our operating profit for the first half of 2007 to 6.2 billion euros, from 5.5 billion euros for the first half-year of 2006. We now have an excellent basis for realizing our forecast for the year.”

Low impact through CDO and CLO investments for Allianz Group

Due to recent questions raised by media and investors Allianz informs about its investments in CDOs (Collaterized Debt Obligations) and CLOs (Collaterized Loan Obligations):

Dresdner Bank returns €1.15 billion in equity

In accordance with a resolution passed by the Annual General Meeting, Dresdner Bank AG has bought back own shares from Allianz Beteiligungsgesellschaft-GmbH, thus reducing its equity by €1.15 billion.

Allianz completes squeeze-out procedure for AGF

On July 10, Allianz has completed the squeeze-out procedure for AGF. With this, the AGF shares are no longer listed on the Paris stock exchange Euronext. The delisting is the final formal step of the squeeze-out procedure that Allianz SE and its subsidiary Allianz Holding France SAS announced on April 27, 2007.