SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For August 12th 2005
Commission File Number: 1-15154
ALLIANZ AKTIENGESELLSCHAFT
Koeniginstrasse 28
80802 Munich
Germany
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F |_|
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |_| No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-13462) OF ALLIANZ
AKTIENGESELLSCHAFT AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT
IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY
FILED OR FURNISHED.
Interim Results
MUNICH, Germany--(BUSINESS WIRE)--Aug. 12, 2005--
Title: Allianz AG: Group Key Figures Second Quarter 2005
Allianz Group Key Figures
Euro mil 2Q 2005 2Q 2004
Total revenues (Euro bn) 23.7 22.2
Operating profit 1) 2,371 1,995
- Property/Casualty 1,390 1,263
- Life/Health 448 299
- Banking 278 252
thereof Dresdner Bank 272 235
- Asset Management 255 181
Profit before goodwill amortization, taxes
and minorities 2,169 1,512
Goodwill amortization 0 -294
Taxes -422 -351
Minorities -352 -295
Net income 2) 1,395 572
- Property/Casualty 1,498 1,242
- Life/Health 375 148
- Banking 3) 249 133
thereof Dresdner Bank 3) 244 134
- Asset Management 76 -98
- Consolidation adjustments -803 -853
Earnings per share (Euro) (Basic) 3.62 1.56
Ratios:
- Property/Casualty:Combined ratio 89.8% 92.8%
- Life/Health:Statutory expense ratio 4) 8.2% 9.2%
- Dresdner Bank:Operating cost-income ratio 83.6% 80.6%
- Asset Management:Cost-income ratio 59.8% 67.5%
Euro bn 30.06.2005 31.12.2004
Shareholders' equity 45.0 37.7
thereof minority interests in
shareholders' equity 8.3 7.7
Assets under management 1,211 1,070
thereof third-party assets 688 585
1) For a description on how we measure operating profit and a
reconciliation to net income, see interim report, pages 2, 11
(Property/Casualty), 15 (Life/Health), 19 (Banking), and 22 (Asset
Management).
2) Q2 2004 resp. H1 2004 figures have been restated according to IFRS
accounting standards; amortization of goodwill has not been cancelled.
3) Net income of Dresdner Bank resp. the banking segment for the first
quarter of 2005 resp. first half of 2005 showed a realized gain of 233
million euros from the intra-group transfer of Munich Re shares. This
has been eliminated in the consolidation adjustment
4) Represents ratio of net acquisition costs and administrative
expenses as presented in the consolidated financial statements to net
premiums earned (statutory).
These assessments are, as always, subject to the disclaimer provided
below.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements contained herein may be statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. In addition to statements which are
forward-looking by reason of context, the words 'may, will, should,
expects, plans, intends, anticipates, believes, estimates, predicts,
potential, or continue' and similar expressions identify
forward-looking statements. Actual results, performance or events may
differ materially from those in such statements due to, without
limitation, (i) general economic conditions, including in particular
economic conditions in the Allianz Group's core business and core
markets, (ii) performance of financial markets, including emerging
markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels,
(vi) the extent of credit defaults (vii) interest rate levels, (viii)
currency exchange rates including the Euro-U.S. dollar exchange rate,
(ix) changing levels of competition, (x) changes in laws and
regulations, including monetary convergence and the European Monetary
Union, (xi) changes in the policies of central banks and/or foreign
governments, (xii) the impact of acquisitions, including related
integration issues, (xiii) reorganization measures and (xiv) general
competitive factors, in each case on a local, regional, national
and/or global basis. Many of these factors may be more likely to
occur, or more pronounced, as a result of terrorist activities and
their consequences. The matters discussed herein may also involve
risks and uncertainties described from time to time in Allianz AG's
filings with the U.S. Securities and Exchange Commission. The company
assumes no obligation to update any forward-looking statement.
No obligation to update
The company assumes no obligation to update any information contained
herein.
WKN: 840400; ISIN: DE0008404005; Index: DAX-30, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, Munchen und Stuttgart; EUREX; Swiss Exchange;
London; Paris; NYSE
Short Name: Allianz AG
Category Code: IR
Sequence Number: 40158
Time of Receipt (offset from UTC): 20050812T062914+0100
CONTACT: Allianz AG
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALLIANZ AKTIENGESELLSCHAFT
By:/s/ Dr. Reinhard Preusche
-------------------------------------
Dr. Reinhard Preusche
Group Compliance
By:/s/ Dr. Giovanni Salerno
-------------------------------------
Dr. Giovanni Salerno
Group Compliance
Date: August 12th 2005