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

Allianz employees subscribe for 40% more shares

Once again, in 2011 Allianz SE has offered employees a share purchase program. The program has resulted in the issuance of 800,000 new shares of Allianz stock. The volume of Allianz SE shares has thus expanded to a total of 455,300,000.

Solid half-year results

Revenues increase to 2.1 billion euros, with growth across all business lines / Operating profit improves strongly to 144 million euros / Allianz obtains approval to begin the merger of its P/C business units in Russia

Strong business portfolio delivers solid results

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 acquires 6.4 percent stake in Gassled gas transportation grid

Today, Allianz announced that Silex Gas Norway, a wholly owned subsidiary of Allianz Capital Partners (ACP), has entered into an agreement to acquire a 6.4 percent stake in Gassled, the Norwegian gas transportation network, from the French oil and gas group Total. The total value of the transaction is 4.64 billion NOK (approximately 580 million euros).

Allianz buys stake in Norwegian gas transportation grid

Allianz Capital Partners (ACP), together with Canada Pension Plan Investment Board (CPPIB), and Infinity Investments SA, a wholly owned subsidiary of the Abu Dhabi Investment Authority, has acquired a 24.1 percent stake in Gassled joint-venture from Norwegian Statoil ASA for a total consideration of 17.35 billion NOK (approximately 2.2 billion euros).

Solid results in Q1 2011

Customer base continues to grow to now 7.5 million / Premiums in Property-Casualty insurance remain stable / Life/Health statutory premiums pick up momentum from Q4 2010 / Pension Fund and Asset Management business development positive