Outlook for the Allianz Group

Outlook 2018

Ambitious targets for 2018 in reach

Allianz - Ausblick-Outlook-fy-2017

As of November 9, 2018 (release of the results for the 3rd quarter of 2018)

1 Impact from US tax reform EUR ~ -0.1bn in 2017 and EUR ~ +0.3bn in 2018ff
2 Adjusted for OLB disposal
3 Based on average (EPS) and actual (DPS) number of shares

As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements, may severely affect the results of our operations.