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Allianz Annual Report 2013

Annual Report 2013    Allianz Group104 Reconciliations The previous analysis is based on our consolidated financial state- ments and should be read in conjunction with them. In addition to our stated figures according to the International Financial Reporting Standards (IFRS), the Allianz Group uses operating profit and internal growth to enhance the understanding of our results. These additional measures should be viewed as complementary to, and not as a sub- stitute for, our figures determined according to IFRS. For further information, please refer to note 6 to the consolidated financial statements. Composition of total revenues TotalrevenuescomprisestatutorygrosspremiumswritteninProperty- Casualty and Life/Health, operating revenues in Asset Management, and total revenues in Corporate and Other (Banking). Composition of total revenues € mn 2013 2012 Property-Casualty Gross premiums written 46,579 46,889 Life/Health Statutory premiums 56,784 52,347 Asset Management Operating revenues 7,162 6,786 consisting of: Net fee and commission income 7,127 6,731 Net interest income 12 24 Income from financial assets and liabilities carried at fair value through income (net) 13 16 Other income 10 15 Corporate and Other Total revenues (Banking) 551 590 consisting of: Interest and similar income 613 719 Income from financial assets and liabilities carried at fair value through income (net) 8 14 Fee and commission income 475 456 Interest expenses (281) (350) Fee and commission expenses (262) (247) Consolidation effects (Banking within Corporate and Other) (2) (2) Consolidation (303) (229) ­Allianz Group total revenues 110,773 106,383 Composition of total revenue growth We believe that an understanding of our total revenue performance is enhanced when the effects of foreign currency translation as well as acquisitions and disposals (or “changes in scope of consolida- tion”) are analyzed separately. Accordingly, in addition to presenting nominal total revenue growth, we also present internal growth, which excludes these effects. Reconciliation of nominal total revenue growth to internal total revenue growth % Internal growth Changes in scope of consolidation Foreign currency translation Nominal growth 2013 Property-Casualty (0.3) 2.0 (2.4) (0.7) Life/Health 9.1 0.5 (1.1) 8.5 Asset Management 8.5 (0.1) (2.9) 5.5 Corporate and Other (6.6) 0.0 0.0 (6.6) Allianz Group 4.7 1.1 (1.7) 4.1 2012 Property-Casualty 2.5 0.3 1.9 4.7 Life/Health (2.6) (0.2) 1.8 (1.0) Asset Management  15.4 0.2 7.7 23.3 Corporate and Other 3.0 1.1 0.0 4.1 Allianz Group  0.5 0.1 2.1 2.7

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