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Allianz Annual Report 2013

A To Our Investors  5 Letter to the Investors 10 Supervisory Board Report 17 Supervisory Board 18 Board of Management 20 International Executive Committee 21 Allianz Share Annual Report 2013    Allianz Group 11 In addition, we were extensively involved in the Board of Management’s planning for both the 2014 fiscal year and the medium term. At various meetings, the Chief Executive Officers (CEOs) of Euler Hermes, ­­Allianz Lebensversicherungs-AG and PIMCO presented the performance and strategic positioning of their entities. The Board of Management’s reports were supplemented by documents which each member of the Supervisory Board received in preparation for each meeting. Likewise, the annual financial statements of ­­Allianz SE, the consolidated financial statements and the auditor’s reports were also made available to us in time for the relevant meeting. The half-yearly and quarterly financial reports, and the results of the auditor’s review were provided in advance to members of the Audit Committee. In the 2013 fiscal year, the Supervisory Board held six meetings. The meetings took place in February, March, May, August, October and December. The Board of Management also informed us in writing of important events that occurred between meetings. The chairmen of the Supervisory and Management Board also had regular discussions about major developments and decisions. Details on each member’s participation at meetings of the Supervisory Board and its committees can be found in the Corporate Gover- nance Report, starting on    page 27. ISSUES DISCUSSED IN THE SUPERVISORY BOARD PLENARY SESSIONS In all of the Supervisory Board’s 2013 meetings, the Board of Management reported on Group revenues and results, developments in individual business segments, and on the capital, financial and risk situation. We were regularly informed by the Board of Management on the impact of natural catastrophes, the status of major legal disputes and other essential developments. In the meeting of 20 February 2013, the Supervisory Board dealt comprehensively with the pro- visional financial figures for the 2012 fiscal year and the Board of Management’s recommended dividend. It also discussed the intended closure of ­­Allianz Bank’s business operations and the planned purchase of Turkish insurer Yapı Kredi. The appointed audit firm, KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG), Munich, reported in detail on the provisional results of their audit. The Supervisory Board also reviewed the extent to which individual members of the Board of Management had achieved their targets and set their variable remuneration for the 2012 fiscal year and their 2010 – 2012 mid-term bonus. In the meeting of 14 March 2013, the Supervisory Board discussed the audited annual ­­Allianz SE and consolidated financial statements as well as the recommendation for the appropriation

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