Interim Report Third Quarter and First Nine Months of 2014 Allianz Group92 24 – Realized gains/losses (net) realized gains/losses (net) € mn three months ended 30 September nine months ended 30 September 2014 2013 2014 2013 Realized gains Available-for-sale investments Equity securities 339 358 1,176 1,503 Debt securities 571 456 1,545 1,590 Subtotal 910 814 2,721 3,093 Investments in associates and joint ventures1 7 – 27 38 Real estate held for investment 42 21 125 100 Loans and advances to banks and customers 41 108 223 294 Non-current assets and assets and liabilities of disposal groups classified as held for sale 33 – 34 12 Subtotal 1,033 944 3,130 3,537 Realized losses Available-for-sale investments Equity securities (45) (69) (96) (160) Debt securities (94) (182) (198) (337) Subtotal (139) (252) (294) (497) Investments in associates and joint ventures2 (1) (2) (6) (5) Real estate held for investment 1 1 (4) (2) Loans and advances to banks and customers – – (1) (2) Non-current assets and assets and liabilities of disposal groups classified as held for sale – – – (3) Subtotal (140) (254) (305) (509) Total 893 690 2,825 3,028 1 For the three and the nine months ended 30 September 2014, includes realized gains from the disposal of subsidiaries and businesses of € 1 mn (2013: € – mn) and € 1 mn (2013: € 38 mn), respectively. 2 For the three and the nine months ended 30 September 2014, includes realized losses from the disposal of subsidiaries of € 1 mn (2013: € – mn) and € 1 mn (2013: € – mn), respectively. 25 – Fee and commission income Fee and commission income € mn three months ended 30 September nine months ended 30 September 2014 2013 2014 2013 Property-Casualty Credit and assistance business 206 190 595 570 Service agreements 141 127 360 345 Subtotal 347 317 955 915 Life/Health Service agreements 26 17 77 56 Investment advisory 237 149 675 418 Other – – 1 – Subtotal 263 166 752 474 Asset Management Management fees 1,772 1,827 5,128 5,525 Loading and exit fees 165 177 525 551 Performance fees 40 42 126 396 Other 6 12 37 51 Subtotal 1,984 2,059 5,817 6,524 Corporate and Other Service agreements 19 24 52 49 Investment advisory and banking activities 163 146 474 464 Subtotal 181 170 526 513 Consolidation (185) (128) (514) (409) Total 2,590 2,583 7,536 8,016 26 – Other income other income € mn three months ended 30 September nine months ended 30 September 2014 2013 2014 2013 Realized gains from disposals of real estate held for own use – 3 23 20 Income from alternative investments 38 39 136 120 Other (1) 1 2 4 Total 37 42 160 144