DGAP-Adhoc: Allianz SE: Net income attributable to shareholders in first quarter 2016 up 20.5 percent vs. first quarter 2015


Allianz SE  / Key word(s): Quarter Results

02.05.2016 14:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Allianz Group achieved total revenues for the first quarter 2016 of 35.4
(1Q 2015: 37.8) billion euros. This represents a decrease of 6.4 percent
compared to the first quarter of 2015.

Operating profit reached 2.8 (1Q 2015: 2.9) billion euros, a decrease of
3.5 percent. The outlook for the financial year 2016 remains unchanged.

Net income attributable to shareholders was 2.2 (1Q 2015: 1.8) billion
euros, which is 20.5 percent above the year-earlier figure, driven in part
by non-operating realized gains.

The Solvency II capitalization eased to 186 percent at the end of the first
quarter (year end 2015: 200 percent) due to capital market developments,
partly offset by risk management actions. The decrease was also in part due
to a changed regulatory treatment affecting the German life insurance
industry that took effect on January 1, 2016.

As announced, Allianz SE will publish further details on business
developments in the first quarter on May 11, 2016.

These assessments are, as always, subject to the disclaimer provided below.


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Information and Explanation of the Issuer to this News:

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.

02.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Announcement                             DGAP News-Service
 
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