Revenues have been at 29.3 billion euros and have reached the previous year’s level on a currency-adjusted basis. The operating profit has increased by over 7 percent from 2.7 billion euros to an expected 2.9 billion euros. This includes claims arising from winter storm Kyrill amounting to 340 million euros. Therefore, the operating profit in the property and casualty business has fallen by 119 million euros compared to the previous year. All the other business segments have been able to further improve their operating profit.
Allianz has taken advantage of the very favorable development of the capital markets in the first three months of fiscal 2007 and has harvested gains from capital investments of around 2 billion euros. The resulting proceeds will be used to finance the AGF transaction. Net income has increased from 1.8 billion euros to 3.2 billion euros. Shareholders equity has risen to 52.3 billion euros (as of 31 December 2006: 50.5 billion euros).
Allianz will publish the full quarterly report on May 8, 2007.
Preliminary figures: good start to fiscal 2007
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