DGAP-News: Allianz SE / Key word(s): Quarter Results/Preliminary
Results
Allianz SE: Allianz preliminary results for the first quarter of 2014
07.05.2014 / 08:38
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Based on preliminary figures, Allianz Group achieved total revenues for the
first quarter of 2014 of around 34 billion euros, the highest quarterly
revenues in the company's history. Total revenues for the first quarter the
year before were 32.0 billion euros.
Operating profit reached 2.72 billion euros in the first quarter after 2.80
billion euros over the same period the year before. Net income attributable
to shareholders was 1.64 billion euros, compared to 1.71 billion euros for
the first quarter of 2013.
In Property and Casualty insurance the combined ratio improved to 92.6
percent from 94.3 percent in the first quarter the year before. In Life and
Health insurance the new business margin rose to 2.5 percent for January to
March of 2014 from 1.8 percent for the same period the previous year. In
Asset Management, as a result of market value increases, third-party assets
under management remained stable at 1,342 billion euros at the end of the
first quarter, compared to 1,329 billion euros at the beginning of 2014.
"The first quarter came in strong like last year. Both Property and
Casualty insurance and Life and Health insurance exceeded their quarterly
share of our full-year outlook, and Asset Management was in line with
target," said Michael Diekmann, CEO of Allianz SE. "We are on track to
achieve our operating profit outlook for the full year of 10.0 billion
euros, plus/minus 500 million euros."
As announced, Allianz will publish full details on business developments in
the first quarter on May 14, 2014.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.
Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events) (iii) frequency and severity of insured loss events, including from
natural catastrophes, and the development of loss expenses, (iv) mortality
and morbidity levels and trends, (v) persistency levels, (vi) particularly
in the banking business, the extent of credit defaults, (vii) interest rate
levels, (viii) currency exchange rates including the Euro/U.S. Dollar
exchange rate, (ix) changes in laws and regulations, including tax
regulations, (x) the impact of acquisitions, including related integration
issues, and reorganization measures, and (xi) general competitive factors,
in each case on a local, regional, national and/or global basis. Many of
these factors may be more likely to occur, or more pronounced, as a result
of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.
End of Corporate News
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07.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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266778 07.05.2014
DGAP-News: Allianz SE: Allianz preliminary results for the first quarter of 2014
| Source: EQS Group AG