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Allianz Annual Report 2013

Annual Report 2013    Allianz Group82 Asset Management −− Strong operating profit of € 3.2  bn. −− Cost-income ratio improved to 55.9  %. −− Third-party net outflows of € 12  bn in 2013. −− Total assets under management at € 1,770  bn. Key figures key figures asset management € mn 2013 2012 Operating revenues 7,162 6,786 Operating profit 1,2 3,161 2,953 Cost-income ratio 1,2 in % 55.9 56.5 Net income 1 1,925 1,810 Total assets under manage­ment as of 31 December in € bn 1,770 1,852 thereof: Third-party assets under manage­ment as of 31 December in € bn 1,361 1,438 Business segment overview Allianz offers Asset Management products and services for third-party investors and the ­Allianz Group’s insurance opera- tions. We serve a wide range of retail and institutional clients worldwide with investment and distribution capacities in all major markets. Based on total assets under management, we are one of the largest asset managers in the world that manages third-party assets with active investment strategies. Assets under management Development of total assets under management € BN 5000 1,000 2,0001,500 1,681 169 (14) 1,852 2 Market effects Net flows Consolidation, deconsoli- dation and other effects F/X effects Total AuM (as of 12/31/2013) Total AuM (as of 12/31/2012) 1,571 197 2 1 (68) 1,770 (1)   Fixed income   Equities   Other   Changes 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. 2 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.

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