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Interim Report Third Quarter 2014

84 Interim Report Third Quarter and First Nine Months of 2014    Allianz Group Intangible assets with indefinite useful lives Goodwill Goodwill € mn 2014 2013 Cost as of 1 January 12,534 12,573 Accumulated impairments as of 1 January (990) (894) Carrying amount as of 1 January 11,544 11,679 Additions 286 228 Disposals – – Foreign currency translation adjustments 269 (170) Impairments – (46) Carrying amount as of 30 September 12,100 11,691 Accumulated impairments as of 30 September 990 940 Cost as of 30 September 13,090 12,631 Additions for the nine months ended 2014 are mainly related to goodwill arising from the acquisition of specific distribution activities of the Property-Casualty insurance business of UnipolSai Assicura- zioni S.p.A. 12 – Intangible assets Intangible Assets € mn as of 30 September 2014 as of 31 December  2013 Intangible assets with indefinite useful lives Goodwill 12,100 11,544 Brand names1 292 296 Subtotal 12,391 11,840 Intangible assets with finite useful lives Distribution agreements2 964 996 Customer relationships3 247 149 Other4 119 115 Subtotal 1,330 1,260 Total 13,721 13,100 1 Includes primarily the brand name of Selecta AG, Muntelier. 2 Includes primarily the long-term distribution agreements with Commerzbank AG of € 344 mn (2013: € 372 mn), Banco Popular S.A. of € 357 mn (2013: € 370 mn), Yapı Kredi Bank of € 147 mn (2013: € 151 mn) and HSBC Asia, HSBC Turkey and BTPN Indonesia of € 91 mn (2013: € 78 mn). 3 Includes primarily customer relationships from the acquisition of UnipolSai Assicurazioni S.p.A. of € 107 mn (2013: € – mn), Selecta of € 93 mn (2013: € 118 mn) and Yapı Kredi of € 10 mn (2013: € 10 mn) and renewal rights acquired in the context of a business combination of € 15 mn (2013: € 19 mn). 4 Includes primarily acquired business portfolios of € 62 mn (2013: € 76 mn) and heritable building rights of € 17 mn (2013: € 17 mn).

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