Allianz Se · XETR:ALV
Allianz — Investor Day (December 2024)
15 slides from Allianz's investor day presentation, Dec 10, 2024
Slide 1: Smart growth and resilience
Allianz (i) Asset Management and Life/Health Smart growth and resilience Andreas Wimmer Member of the Board Allianz SE Allianz Capital Markets Day December 2024
Slide 2: Smart growth and resilience
ALLIANZ CAPITAL MARKETS DAY 2024 Smart growth and resilience Operating profit (EUR bn) 2021 2024 2024 - 2027 Challenges 60 * Fast and steep increase 5.3 ~5.4 ~5.4 CAGR = in interest rates L. LJ i (market impact Asset Management AuM EUR -300bn in 2022) ® —_ <<“ —_ <a * Structured Alpha 2024 2024e 202
Slide 3: Excellent customer value proposition
ALLIANZ CAPITAL MARKETS DAY 2024 Excellent customer value proposition PIMCO 3yr outperformance? (%) 92 88 87 e182 85 86 86 86 | | | | | 3Q 4Q 1Q2 2Q 3Q2 4Q 1Q 2Q 3Q —2022— 2024 2023 1) PIMCO 3yr 3rd party investment outperformance ratio versus benchmarks before fees AllianzGl Customer satisfaction r
Slide 4: The retirement opportunity ...
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ The retirement opportunity ... Increase in insurance & Pension assets of private households by 2030! Ee Ea Total addressable market: Total addressable market: Total addressable market: EUR +11tn EUR +6tn EUR +16tn ( Allianz Life (4) PIMCO JIM Allianz (+) A
Slide 5: ... addressed by our market leading platforms
ALLIANZ CAPITAL MARKETS DAY 2024 ... addressed by our market leading platforms Allianz @) Operating profit Tailwind: (2023, EUR) higher interest rates Y 1) Allianz Life USA #1 in Fixed Index Annuity (FIA) Increased Presentation Christian Stracke demand for A . Allianz Leben Global leader in 2.5bn ..
Slide 6: Accelerate growth - key strategic initiatives
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Accelerate growth - key strategic initiatives Asset Management Grow in fixed income * Bonds are back * PIMCO 3rd party inflows of EUR 71bn in 9M 2024 Expand private markets * Private credit offering * Retailization / innovative products Joint initiatives We
Slide 7: Strong growth in L/H and AM in 2024
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Strong growth in L/H and AM in 2024 Value of new business L/H 3rd party net flows in Asset Management (EUR) (EUR) 1.2bn 3.5bn 20bn 68bn 1.1bn +5% of 3rd party AUM annualized 1.3bn 1Q 2Q 3Q 2024 2024 Do7
Slide 8: L/H growth with the right products
ALLIANZ CAPITAL MARKETS DAY 2024 L/H growth with the right products High quality and low risk new business increases resilience and ... (EUR) @ Protection & health @ Unitlinked w/o guarantees Capital-efficient products Guaranteed savings & annuities 6% ~5.0bn VNB 9M 2024 EUR 3.5bn NBM 5.8% 49%, Prot
Slide 9: 4.0% 4.5% 3.5% 4.0% • 3.0% 3.5% • 3.0% 2.5% 2.5% 2.0% • 2.0%
4.0% 4.5% 3.5% 4.0% • 3.0% 3.5% • 3.0% 2.5% 2.5% 2.0% • 2.0% 1.5% 1.5% • 1.0% 1.0% 0.5% 0.5% 0.0% 0.0% 4
Slide 10: ... with potential for improvement of capital efficiency
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ ... with potential for improvement of capital efficiency Key instruments New business capital intensity? © 35% * Asset allocation 33% and net flow 32% * Supports ambition management to lift Allianz Group * Liability >) SII capital management generation to *
Slide 11: Comfortable spreads ... backed by strong asset quality
ALLIANZ CAPITAL MARKETS DAY 2024 Comfortable spreads’ ... Yield above guaranteed crediting O Book yield © Guaranteed rate 3.9% 3.4% 3.6% 2021 2022 2023 1) Guaranteed crediting reflect the cost of guaranteed crediting offerings for Fixed Index Annuity, Registered Index-linked Annuity, and Fixed Annui
Slide 12: .. with further upside for improving capital efficiency
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ .. with further upside for improving capital efficiency Transaction 4Q 2021 Reinsurance in-force EUR 30bn FIA book Monetization of Allianz Life earnings Growth opportunity for Allianz Life and PIMCO Financial implications * Capital release: EUR 3.6bn * Solv
Slide 13: Joint value creation Life / AM - example AllianzGI
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Joint value creation Life / AM - example AllianzGl AllianzGI business with Allianz = Key areas of interaction Success stories 2024 - uniquely designed products (3Q 2024; excluding direct sales) ( July 2024 } ly 2024 General account Allianz Leben support fo
Slide 14: Summary
ALLIANZ CAPITAL MARKETS DAY 2024 Summary 1) Adjusted for impact from expected termination of Joint Venture with UniCredit in Italy Operating profit L/H (EUR bn) ~5.4 ~6.0 CAGR +54 2024e 2027 target Operating profit AM (EUR bn) ~4.0 63.2 CAGR B: 2024e 2027 target Allianz @) 5% normalized CSM growth p
Slide 15: Disclaimer
DISCLAIMER Cautionary note regarding forward-looking statements This document includes forward-looking state- ments, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance f