DGAP-News: Allianz SE / Key word(s): Quarter Results/Preliminary
Results
Allianz SE: Allianz preliminary results for the first quarter of 2015
06.05.2015 / 08:33
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Based on preliminary figures, Allianz Group achieved total revenues for the
first quarter of 2015 of 37.8 (first quarter of 2014: 34.0) billion euros.
This represents an increase of 11.2 percent compared to the previous year.
Operating profit reached 2.86 (2.72) billion euros, an increase of 4.8
percent. Net income attributable to shareholders was 1.82 (1.64) billion
euros, which is 11.0 percent above the year-earlier figure.
In Property and Casualty insurance, the combined ratio stood at 94.6 (92.6)
percent, of which 1.9 percentage points can be attributed to claims from
natural catastrophes. In Life and Health insurance the new business margin
was 1.5 (2.5) percent for the first quarter of 2015, reflecting the
challenges of the low-interest rate environment. In Asset Management,
following both positive market effects and favorable currency effects,
third-party assets under management increased to 1,408 billion euros at the
end of the first quarter, compared to 1,313 billion euros at the end of
2014.
The conglomerate solvency ratio increased to 190 percent at the end of the
first quarter, ten percentage points higher than at the end of 2014.
Solvency II capitalization remained stable at 192 percent due to management
action.
"Our first quarter results were a good start into 2015 and we remain
confident in achieving our full-year operating profit target of 10.4
billion euros, plus/minus 400 million euros," said Michael Diekmann, CEO of
Allianz SE.
As announced, Allianz will publish full details on business developments in
the first quarter on May 12, 2015.
Munich, May 6, 2015
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/US-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.
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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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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353415 06.05.2015
DGAP-News: Allianz SE: Allianz preliminary results for the first quarter of 2015
| Source: EQS Group AG