Supervisory Board decisions on the appointment of new board members

The supervisory board of Allianz SE has taken the following personnel decisions during today’s meeting.

Allianz Deutschland AG focuses on growth and profitability in the P&C segment

A greater market share, improved claims management and lower costs are to increase the competitiveness and the profitability of the P&C segment for the long term.

Personalia

Intesa Sanpaolo, one of Italy's leading banks, has announced today its intention to appoint Enrico Cucchiani as their new CEO.

Personalia

Deutsche Bank has announced today that it is their intention to propose Dr. Paul Achleitner for election to their Supervisory Board at their next Annual General Meeting at the end of May, 2012 and, subsequently, to elect him as Supervisory Board Chairman of Deutsche Bank.

Allianz achieves operating profit of 1.9 billion euros and confirms 2011 operating profit outlook

Stable revenues of 24.1 billion euros - Net income of 258 million euros; heavily impacted by financial market turmoil - Capital position remains resilient - Operating profit outlook for 2011 of 8.0 billion euros plus/minus 0.5 billion euros confirmed

Strong business portfolio delivers solid results in second quarter

Revenues of 24.6 billion euros and high operating profit of 2.3 billion euros - Property and Casualty insurance and Asset Management strong, Life and Health insurance on track - Net income of 1.1 billion euros, despite current impairments on Greek sovereign bonds - Capitalization remains strong, solvency ratio unchanged at 180 percent - 2011 operating profit target of 8.0 billion euros plus/minus 0.5 billion euros confirmed

Allianz issues 500 million euros of convertible subordinated notes

Allianz today announced the placement of 500 million euros of 30-year convertible subordinated notes to be purchased by Nippon Life Insurance Company (Nippon Life). The notes will be issued by Allianz Finance II B.V., a finance subsidiary wholly owned by Allianz SE, Munich (Allianz), and will be callable by the issuer after 10 years and guaranteed by Allianz. The transaction is expected to close on July 7, 2011.

Allianz weathers high level of natural catastrophes

Quarterly revenues of 29.9 billion euros, second highest ever - Operating profit at 1.66 billion euros - Quarterly net income of 915 million euros - Strong solvency ratio of 180 percent - Operating profit target for 2011 confirmed

Allianz calls 500 million U.S.$ subordinated bonds

Allianz Finance II B.V. herewith calls for redemption in whole the U.S.$ 500,000,000 7.25% Undated Guaranteed Subordinated Bonds guaranteed by Allianz SE (ISIN: XS0159150720, German Security Code: 369290) effective June 10, 2011, all in accordance with §5(4) of the Terms and Conditions of the Bonds.