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Interim Report Third Quarter 2014 - Allianz at a glance

Quarterly AND FIRST NINE MONTHS results three months ended 30 September nine months ended 30 September 2014 2013 Change from previous year 2014 2013 Change from previous year More details on page Income statement Total revenues1 € mn 28,781 25,144 14.5 % 92,201 83,968 9.8 % 6 Operating profit2 € mn 2,650 2,518 5.2 % 8,144 7,682 6.0 % 7 Net income2 € mn 1,687 1,530 10.2 % 5,285 5,007 5.6 % 8 thereof: attributable to shareholders € mn 1,606 1,445 11.2 % 5,002 4,740 5.5 % 8 Business segments3 Property-Casualty Gross premiums written € mn 11,254 10,650 5.7 % 37,317 36,602 2.0 % 12 Operating profit2 € mn 1,422 1,235 15.2 % 4,257 3,733 14.0 % 13 Net income2 € mn 1,083 796 36.0 % 2,697 2,814 (4.1) % 15 Combined ratio % 93.5 94.8 (1.3) %-p 93.6 95.0 (1.4) %-p 13 Life/Health4 Statutory premiums € mn 15,853 12,698 24.9 % 49,977 41,659 20.0 % 22 Operating profit2 € mn 790 769 2.8 % 2,655 2,293 15.8 % 23 Net income2 € mn 530 562 (5.6) % 1,891 1,664 13.6 % 24 Margin on reserves bps 61 66 (5) 70 66 4 24 Asset Management4 Operating revenues € mn 1,618 1,703 (5.0) %  4,742 5,429 (12.7) % 30 Operating profit2 € mn 694 755 (8.1) % 2,015 2,458 (18.0) % 30 Net income2 € mn 438 482 (9.2) % 1,263 1,538 (17.9) % 30 Cost-income ratio % 57.1 55.7 1.4 %-p 57.5 54.7 2.8 %-p 30 Corporate and Other Total revenues € mn 135 131 2.6 % 405 412 (1.7) % – Operating result2 € mn (248) (229) (8.1) % (689) (742) 7.1 % 32 Net income2 € mn (311) (307) (1.5) % (429) (981) 56.3 % 32 Balance sheet as of 30 September5 Total assets6 € mn 784,516 711,079 10.3 % 784,516 711,079 10.3 % 38 Shareholders’ equity € mn 58,199 50,083 16.2 % 58,199 50,083 16.2 % 37 Non-controlling interests € mn 2,890 2,765 4.5 % 2,890 2,765 4.5 % 37 Share information Basic earnings per share € 3.54 3.19 11.0 % 11.02 10.46 5.4 % 108 Diluted earnings per share € 3.52 3.14 11.9 % 10.95 10.33 6.0 % 108 Share price as of 30 September5 € 128.35 130.35 (1.5) % 128.35 130.35 (1.5) % 1 Market capitalization as of 30 September5 € mn 58,592 59,505 (1.5) % 58,592 59,505 (1.5) % – Other data Standard & Poor's rating7 AA Stable Outlook AA Stable Outlook – AA Stable Outlook AA Stable Outlook – – Conglomerate solvency ratio5,8,9 % 184 182 3 %-p 184 182 3 %-p 37 Total assets under management as of 30 September4,5 € Bn 1,872 1,770 5.8 % 1,872 1,770 5.8 % 28 thereof: third-party assets under management as of 30 September5 € Bn 1,411 1,361 3.7 % 1,411 1,361 3.7 % 28 1 Total revenues comprise statutory gross premiums written in Property-Casualty and Life/Health, operating revenues in Asset Management and total revenues in Corporate and Other (Banking). 2 The Allianz Group uses operating profit and net income as key financial indicators to assess the perfor- mance of its business segments and the Group as a whole. 3 The Allianz Group operates and manages its activities through four business segments: Property-Casualty, Life/Health, Asset Management and Corporate and Other. For further information, please refer to note 4 to the condensed consolidated interim financial statements. 4 Effective 1 January 2014, the Allianz Group allocated certain entities from the reportable segment Asset Management to the reportable segments German Speaking Countries, Western & Southern Europe and Growth Markets within the business segment Life/Health and to the reportable segment Banking. 5 2013 figures as of 31 December 2013. 6 Prior year figure has been restated to reflect the implementation of IFRS 10. For further information, please refer to note 2 to the condensed consolidated interim financial statements. 7 Insurer financial strength rating, affirmed on 4 November 2013. 8 Solvency according to the E.U. Financial Conglomerates Directive. Conglomerate solvency ratio as of 30 September 2014 was adjusted for the potential calls of hybrid capital (subordinated bonds) of € 1.4 bn in the coming year. Excluding this adjustment, the solvency ratio would be 190 % as of 30 September 2014. 9 Off-balance sheet reserves are accepted by the authorities as eligible capital only upon request. Allianz SE has not submitted an application so far. Excluding off-balance sheet reserves and adjusted for the potential calls of hybrid capital (subordinated bonds) of € 1.4 bn in the coming year, the solvency ratio as of 30 Sep- tember 2014 would be 176 % (31 December 2013: 173 %). Allianz at a glance

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