Allianz and Commerzbank agree to accelerate the change in ownership of Dresdner Bank

Immediate sale of 100 percent of Dresdner Bank - Closing of transaction expected already at the beginning of 2009

Allianz Group: Operating profit of 1.6 billion euros in the third quarter achieved, 6.5 billion euros year-to-date

Dresdner Bank treated as discontinued business; Transaction on track - Q3 net income from continued operations of 545 million euros - Q3 net loss including discontinued operations of 2.0 billion euros - Solvency ratio at 157 percent - Perlet: "We maintained our strong capital and solvency positions"


Allianz Supervisory Board decides on changes in Management Board.

Allianz sells Dresdner Bank to Commerzbank and will become the largest shareholder of the new bank

Allianz sets milestone in consolidation of German banking sector - Total consideration of 9.8 billion euros for Dresdner including a payment into a trust solution for specific ABS assets of Dresdner Bank of up to 975 million euros - Allianz purchases Cominvest, Commerzbank’s asset management entity - Allianz to improve insurance sales through access to an expanded network of branch offices of the new bank and to strengthen its bancassurance strategy - Oldenburgische Landesbank remains with Allianz Group - With a stake of nearly 30 percent Allianz will become the largest shareholder of Commerzbank - Potential synergies of 5 billion euros (NPV)

Allianz Group in the 2nd quarter of 2008: Operating profit of 2.1 billion euros achieved

Net income of 1.5 billion euros – Half-year operating profit of 4 billion euros – Diekmann: "We have delivered a solid performance despite the tough market environment."

Allianz Group in the 1st quarter 2008: Robust earnings despite difficult market environment

Operating profit of 1.86 billion euros achieved – Markdowns of 845 million euros in ABS trading book – Realized gains deliberately kept low; net harvesting 1.8 billion euros below first quarter 2007 – Perlet: "We remain optimistic about the medium term, as the fundamentals of our business are in very good shape."

First Quarter 2008: Allianz expects operating profit of a solid 1.8 billion euros despite difficult market environment

Allianz Group expects mark-downs of almost 0.9 billion euros for the first quarter 2008, which will have to be accrued in the area of structured financial products of Dresdner Bank due to the ongoing financial market crisis. Allianz estimates an operating profit of a solid 1.8 billion euros for the first three months of 2008, after 2.9 billion euros in the first quarter of 2007.

Allianz acquires stakes in Turkish insurance joint ventures from Koç

Allianz and Koç have signed a share purchase agreement regarding the stakes in Koç Allianz Sigorta and Koç Allianz Hayat ve Emeklilik, currently held by Koç Holding AŞ and related parties.

"Emma" - Allianz Group estimates net claims before taxes above the 200 million Euro mark

Based on initial findings, the Allianz Group estimates that net claims before taxes following storm "Emma" will be above the 200 million euros mark. Damages are less severe than those caused by last year's storm "Kyrill" (1). The amount of claims is within expectations, based on Allianz’s risk modelling systems.