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Allianz Annual Report 2013

Allianz at a glance Annual results 2013 Change from previous year 2012 2011 2010 2009 2008 2007 More details on page Income statement 1 Total revenues 2 € mn 110,773 4.1 % 106,383 103,560 106,451 97,385 92,568 97,689 67 Operating profit 3 € mn 10,066 7.8 % 9,337 7,764 8,243 7,044 7,455 10,320 68 Net income from continuing operations 4 € mn 6,344 14.1 % 5,558 2,853 5,209 4,650 4,268 7,991 69 Net income (loss) from discontinued operations, net of income taxes 4 € mn – – – – – (395) (6,373) 723 – Net income (loss) € mn 6,344 14.1 % 5,558 2,853 5,209 4,255 (2,105) 8,714 69 thereof: Attributable to shareholders € mn 5,996 14.6 % 5,231 2,591 5,053 4,207 (2,363) 7,966 69 Balance sheet as of 31 December 1 Total assets € mn 711,530 2.5 % 694,447 641,322 624,945 583,717 954,999 1,061,149 93 Investments € mn 411,015 2.3 % 401,628 350,645 334,618 294,252 258,812 285,977 168 Total liabilities € mn 658,681 2.7 % 641,484 595,575 578,383 541,488 917,715 1,009,768 93 thereof: Reserves for insurance and investment contracts € mn 404,072 3.3 % 390,985 361,956 349,793 323,801 298,057 292,244 187 thereof: Reserves for loss and loss adjustment expenses € mn 66,566 (8.2) % 72,540 68,832 66,474 64,441 63,924 63,706 182 Shareholders’ equity € mn 50,084 (0.6) % 50,388 43,457 44,491 40,108 33,720 47,753 92 Non-controlling interests € mn 2,765 7.4 % 2,575 2,290 2,071 2,121 3,564 3,628 195 Share information Basic earnings per share1 € 13.23 14.4 % 11.56 5.74 11.20 9.33 (5.25) 18.00 230 Diluted earnings per share1 € 13.05 13.7 % 11.48 5.58 11.12 9.30 (5.29) 17.71 230 Dividend per share € 5.30 5 17.8 % 4.50 4.50 4.50 4.10 3.50 5.50 22 Total dividend € mn 2,4195,6 18.6 % 2,039 2,037 2,032 1,850 1,580 2,472 69 Share price as of 31 December € 130.35 24.4 % 104.80 73.91 88.93 87.15 75.00 147.95 22 Market capitalization as of 31 December € mn 59,505 24.5 % 47,784 33,651 40,419 39,557 33,979 66,600 23 Other data Return on equity after income tax 1,7,8 % 11.9 0.8 % -p 11.1 5.9 11.9 12.5 9.9 15.0 23 Conglomerate solvency 9 % 182 (15) % -p 197  179 173 164 157 10 158 92 Standard & Poor’s rating 11 AA – AA AA AA AA AA AA 106 Total assets under management as of 31 December € mn 1,769,551 (4.5) % 1,852,332 1,656,993 1,517,538 1,202,122 950,548 1,009,586 82 thereof: Third-party assets under management as of 31 December € mn 1,360,759 (5.4) % 1,438,425 1,281,256 1,163,982 925,699 703,478 764,621 83 Employees 147,627 2.5 % 144,094 141,938 151,338 153,203 182,865 181,207 61 1 Prior year figures have been restated to reflect the retrospective application of the amended standard IAS 19 – Employee Benefits, effective as of 1 January 2013. For further information, please refer to note 4 to the consolidated financial statements. Figures prior to 2011 have not been adjusted retrospectively. As of 1 January 2013, all restructuring charges are presented within operating profit and all prior year figures have been adjusted to conform to the current accounting presentation. Figures prior to 2011 have not been adjusted retrospectively. Figures prior to 2008 have not been restated to reflect the change in the Allianz Group’s accounting policy for fixed-indexed annuities, effective 1 July 2010. 2 TotalrevenuescomprisestatutorygrosspremiumswritteninProperty-CasualtyandLife/Health,operating revenues in Asset Management and total revenues in Corporate and Other (Banking). 3 TheAllianzGroupusesoperatingprofitasakeyfinancialindicatortoassesstheperformanceofitsbusiness segments and the Group as a whole. 4 Following the announcement of the sale on 31 August 2008, Dresdner Bank was classified as held for sale and discontinued operations. Therefore, all revenue and profit figures presented for our continuing busi- ness do not include the parts of Dresdner Bank that we sold to Commerzbank on 12 January 2009. The results from these operations are presented in a separate net income line “Net income (loss) from discontinued operations, net of income taxes”.  5 Proposal.  6 Total dividend based on total amount of shares. Actual dividend payment will be reduced by the dividend amount attributable to treasury shares.  7 Based on average shareholders’ equity. Average shareholders’ equity has been calculated based upon the average of the current and the preceding year’s shareholders’ equity as of 31 December.  8 Based on net income from continuing operations after non-controlling interests.  9 SolvencyaccordingtotheE.U.FinancialConglomeratesDirective.Off-balancesheetreservesareaccepted by the authorities as eligible capital only upon ­request. ­­­­Allianz SE has not submitted an application so far.Excludingoff-balancesheet ­reserves,thesolvencyratioas of31 December2013 wouldbe173 %(2012 (as published): 188 %). The conglomerate solvency ratio decreased by approximately 16 percentage points as of 1 January 2013 due to amendments to IAS 19. 10 Pro-forma after sale of Dresdner Bank completed. 11 For further information about insurer financial strength ratings of Allianz SE, please refer to page 106.

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