Allianz SE · XETR:ALV
Allianz — H1 2012 Earnings Presentation
12 slides from Allianz's earnings presentation, Aug 3, 2012
Slide 1: Allianz Group: First Half of 2012 Development
Allianz Group: First Half of 2012 Development Michael Diekmann, CEO Journalist telephone conference August 3, 2012
Slide 2: Agenda
Agenda 1 Highlights for the first half of 2011 2 The global economy and the euro 3 Outlook © Allianz SE 2012 2
Slide 3: Highlights in the first half of 2012
Telephone conference: Second quarter 2012 closing Highlights in the first half of 2012 2011 2012 2011 2012 6M 6M 6M 6M +15.5% +1.4% Property/Casualty Group 54.5 55.2 1,992 2,301 Operating profit Total revenues (EUR mn) (EUR bn) Life/Health +19.3% Operating profit 1,381 1,647 +18.5% (EUR mn) Group 4,
Slide 4: Milestones in the first half of 2012
Telephone conference: Second quarter 2012 closing Milestones in the first half of 2012 Allianz increases UniCredit ownership in CPIC Allianz buys wind Consolidation of Memorandum of by USD 855mncapital increase farms in France all three Russian Understanding for and Germany. companies and collaborat
Slide 5: Allianz well-prepared for uncertain times
Telephone conference: Second quarter 2012 closing Allianz well-prepared for uncertain times Environment Allianz Political Resilient & uncertainty strong capital base Austerity Strong Macro Good & low earnings & shocks diversification growth cash generation Low Efficient interest business rates model
Slide 6: Assessing the summit agreements from late June 2012
Telephone conference: Second quarter 2012 closing Assessing the summit agreements from late June 2012 Summit result Assessment EU Commission tasked to quickly present proposal for common positive European banking supervision Recapitalization of Spanish banks from rescue fund EFSF/ESM positive
Slide 7: Moderate growth in world economy despite sovereign debt crisis
Telephone conference: Second quarter 2012 closing Moderate growth in world economy despite sovereign debt crisis Real GDP growth 2009-2013 (%) 4.3 4.3 3.7 4.3 1.9 1.5 1.3 0.0 -7.8 3.0 1.7 2.3 2.3 -4.2 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 4.4 -3.5 2.1 1.8 9.2 10.4 9.2 8.0 8.3 2009 2010 2
Slide 8: Life insurance in current low interest rate environment
Telephone conference: Second quarter 2012 closing Life insurance in current low interest rate environment Excellent returns and insurance protection from Allianz Leben1 10% 8% 0.40% 0.40% 0.40% 0.40% 0.40% 6% 0.20% 3.50% 3.50% 4.25% 4.25% 0.10% 0.20% 3.55% 0.40% 0.20% 0.60% 0.60% 0.60% 0.80% 0.90% 0
Slide 9: Necessary changes remaining for Solvency II
Telephone conference: Second quarter 2012 closing Necessary changes remaining for Solvency II Long-term products with guaranteed minimum returns should remain affordable for customers Long-term The long-term insurance business model makes it possible to even out effects guarantees of artificial
Slide 10: Allianz's ESG approach (Environmental, Social and Governance)
Telephone conference: Second quarter 2012 closing Allianz’s ESG approach (Environmental, Social and Governance) Our aspiration: Allianz as leading sustainable insurer and asset manager - Incorporation of ESG in decision-making Aspiration - Promotion of ESG in business units - Collaboration with ke
Slide 11: Status and outlook 2012
Telephone conference: Second quarter 2012 closing Status and outlook 2012 (EUR bn) 2.0-2.4 +0.5bn -0.5 ~8.2 Forecast range for 1.2 -0.9 to -1.1 Group results reflects 2.2-2.8 -0.5bn diversification 1.6 Legal disclaimer: 4.0-5.0 Effects of natural catastrophes and developments in financial market
Slide 12: Disclaimer
Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include statements of future levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency expecta