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Allianz Annual Report 2013

Annual Report 2013    Allianz Group42 INDIVIDUAL PENSIONS: 2013 AND 2012 Total might not sum up due to rounding € thou Defined benefit pension plan (frozen) 1 Current pension plan AVK/APV 2 Transition payment 3 Total Board members Annual pension payment4 SC5 DBO6 SC5 DBO6 SC5 DBO6 SC5 DBO6 SC5 DBO6 Michael Diekmann 2013 337 285 7,527 585 4,867 9 192 35 1,114 914 13,699 (Chairman) 2012 337 226 7,297 561 3,861 6 186 31 1,053 824 12,397 Oliver Bäte 2013 0 0 0 318 1,839 3 16 29 194 350 2,049 2012 0 0 0 248 1,367 3 14 26 163 277 1,544 Manuel Bauer 2013 57 54 1,261 234 1,306 9 120 0 1 298 2,688 2012 57 43 1,216 223 970 6 160 0 1 272 2,347 Gary Bhojwani 7 2013 2438 0 1099 19610 0 0 0 0 0 196 109 2012 2438 0 1289 21010 0 0 0 0 0 210 128 Clement Booth 2013 0 0 0 325 2,655 3 19 82 693 410 3,367 2012 0 0 0 315 2,101 2 17 77 594 394 2,712 Dr. Helga Jung 2013 62 40 806 231 1,099 9 152 0 0 279 2,057 2012 62 29 786 232 824 6 149 0 0 267 1,759 Dr. Christof Mascher  2013 0 0 0 253 2,035 3 19 49 337 304 2,392 2012 0 0 0 249 1,619 3 17 34 283 286 1,919 Jay Ralph 2013 0 0 0 233 1,086 3 10 0 1 236 1,096 2012 0 0 0 231 765 3 8 0 0 234 773 Dr. Dieter Wemmer 2013 0 0 0 228 509 2 3 0 1 230 513 2012 0 0 0 204 245 0 0 1 1 205 246 Dr. Werner Zedelius 2013 225 157 4,128 346 2,866 9 194 15 522 527 7,709 2012 225 119 4,041 344 2,287 6 189 16 500 485 7,017 Dr. Maximilian Zimmerer 2013 161 108 2,759 212 1,877 9 188 39 522 369 5,346 2012 161 48 2,704 103 1,511 4 184 102 476 257 4,875 1 For Gary Bhojwani the frozen ­Allianz Retirement Plan (ARP) and the frozen Supplemental Retirement Plan (SRP). 2 Plan participants contribute 3 % of their relevant salary to the AVK. For the AVK the minimum guaranteed interest rate is 2.75 % – 3.50 % depending on the date of joining ­Allianz. In general, the company funds the balance required via the APV. Before ­Allianz’s founding of the APV in 1998, both ­Allianz and the plan par- ticipants were contributing to the AVK. 3 For details on the transition payment see section termination of service. In any event a death benefit is included. 4 Expected annual pension payment at assumed retirement age (age 60), excluding current pension plan. 5 SC = service cost. Service costs are calculatory costs for the DBO related to the reported business year. 6 DBO = defined benefit obligation; end of year. The figures show the obligation for ­Allianz resulting from defined benefit plans taking into account realistic assumptions with regard to interest rate, dynamics and biometric probabilities.  7 Gary Bhojwani only holds pension plans subject to his ­Allianz of America employment agreement, de- nominated in USD. All amounts in the table are € amounts derived by applying the contractually agreed USD/€ exchange rate of 1.347910. The ­Allianz Retirement Plan (ARP) and the Supplemental Retirement Plan (SRP) are two completely frozen DB-plans, i.e. there are no future accruals in these plans. Current pension plans for Gary Bhojwani include the Deferred Compensation Plan (DCP) and the 401(k) plan. Both current plans are Defined Contribution plans. Their contributions are included in the table.  8 In the ARP he can choose between a lump sum payment or an annuity. The lump sum benefit amount projected with actual interest rates is USD 120 Thou (2012: USD 120 Thou) and likely to change when he retires at age 65. In the SRP he will get three annual installments of USD 69.4 Thou (2012: USD 69.4 Thou) at the age of 65, which – as we have shown in the table – total USD 208 Thou (2012: USD 208 Thou).  9 The DBO for the ARP is USD 54 Thou (2012: USD 58 Thou) and for the SRP USD 93 Thou (2012: USD 115 Thou). 10 The contribution to the DCP is USD 246 Thou (2012: USD 266 Thou) and to the 401(k) plan USD 18 Thou (2012: USD 17 Thou). There is no DBO as both plans are DC plans. In 2013, remuneration and other benefits totaling € 9 mn (2012: € 7 mn)werepaidtoretiredmembersoftheBoardofManagement and dependents. Reserves for current pension obligations and accrued pension rights totaled € 100 mn (2012: € 105 mn). −− Perquisites: For 2013, the total value of the perquisites amounted to € 0.8 mn (2012: € 0.6 mn). −− Total remuneration:  The total remuneration for 2013 excludes the notional annual accruals of the MTB 2013 – 15. The figures for 2012 (in parentheses) include the actual payout of the MTB 2010 – 12. Both figures exclude the pension service cost: Michael Diekmann  € 4,734(8,404) Thou Oliver Bäte  € 2,808(5,282) Thou Manuel Bauer  € 2,570(3,923) Thou Gary Bhojwani 1  € 2,655(3,146) Thou Clement Booth  € 2,725(5,155) Thou Dr. Helga Jung  € 2,522(3,281) Thou Dr. Christof Mascher  € 2,524(4,724) Thou Jay Ralph  € 2,623(4,936) Thou Dr. Dieter Wemmer  € 2,671(3,592) Thou Dr. Werner Zedelius  € 2,587(5,007) Thou Dr. Maximilian Zimmerer  € 2,698(2,044) Thou. 1 Gary Bhojwani’s total remuneration is denominated in USD. The contractually agreed USD/€ exchange rate of 1.347910 (2011 fourth quarter average) was applied.

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