Call Start: 08:00 January 1, 0000 9:34 AM ET Allianz SE (OTCPK:ALIZF) Q2 2021 Earnings Conference Call August 6, 2021 08:00 ET Company Participants Oliver Schmidt - Head, Investor Relations Oliver Bäte - Chief Executive Officer Giulio Terzariol - Chief Financial Officer Conference Call Participants Peter Eliot - Kepler Cheuvreux Andrew Ritchie - Autonomous Michael Huttner - Berenberg William Hawkins - KBW Farooq Hanif - Credit Suisse Vinit Malhotra - Mediobanca Ashik Musaddi - JPMorgan Operator Ladies and g ...

Investor Relations Release reinhard.lahusen@allianz.com +49 89 3800 17224 christian.lamprecht@allianz.com +49 89 3800 3892 tobias.rupp@allianz.com +49 89 3800 7151 Munich, August 6, 2021 oliver.schmidt@allianz.com +49 89 3800 3963 investor.relations@allianz.com www.allianz.com/investor-relations Allianz stays well on course in second quarter 2021 • Total revenue growth of 10.9 percent in 2Q 2021 • 2Q 2021 operating profit of 3.3 billion euros • 2Q 2021 net income attributable to shareholders up 45.7 percent ...

Allianz SE (OTCPK:ALIZF) Q1 2021 Earnings Conference Call May 12, 2021 8:00 AM ET Company Participants Oliver Schmidt - Head, Investor Relations Giulio Terzariol - Chief Financial Officer Conference Call Participants Peter Eliot - Kepler Cheuvreux Michael Huttner - Berenberg James Shuck - Citi Vinit Malhotra - Mediobanca Farooq Hanif - Credit Suisse Ashik Musaddi - JPMorgan Michael Haid - Commerzbank Dominic OÂ'Mahony - Exane BNP Paribas William Hawkins - KBW Operator Ladies and gentlemen, welcome to the Al ...

1Q 2021 Giulio Terzariol Chief Financial Officer Analyst conference call May 12, 2021 © Allianz SE 2021 CONTENT1GROUP FINANCIAL RESULTS 1Q 2021 2 ADDITIONAL INFORMATION GLOSSARY DISCLAIMER Group financial results 1Q 2021 Group: good start into the year | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|--------|-------------------------------------------------|-------|-------|----------------------------|-------|--------------------------|--------------------- ...

Allianz SE (OTCPK:ALIZF) Q4 2020 Results Earnings Conference Call February 19, 2021 8:00 AM ET | --- | |------------------------------| | | | Company Participants | | Oliver Schmidt - IR | | Oliver Bäte - CEO | | Giulio Terzariol - CFO | | Conference Call Participants | | Peter Eliot - Kepler | | Farooq Hanif - Credit Suisse | | Michael Huttner - Berenberg. | | William Hawkins - KBW | | Andrew Ritchie - Autonomous | | Michael Haid - Commerzbank. | Operator Ladies and gentlemen, welcome to the Allianz Confer ...

Analyst conference call | --- | --- | --- | |--------------------------------------------------------------|-------|-------| | February 2021 | | | | Please note: presentations based on 2020 preliminary figures | | | | Allianz Investor Relations App | | | | Apple App Store Google Play Store | | | AGENDA ACEO ASSESSMENT AND OUTLOOK OLIVER BÄTE © Allianz SE 2021 B GROUP FINANCIAL RESULTS 2020 GIULIO TERZARIOL GLOSSARY DISCLAIMER 10 Analyst conference call | --- | --- | |----------------|-------| | | | | | | | ...

3Q 2020 Giulio Terzariol Chief Financial Officer Analyst conference call November 6, 2020 CONTENT 1GROUP FINANCIAL RESULTS 3Q 2020 © Allianz SE 2020 2 GLOSSARY DISCLAIMER 10 Group financial results 3Q 2020 Group: resilient performance in 9M 2020 COVID-19 impact | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------------|-----------------------------------------------------------|--------|-------|----------------------------|--------|---------------------- ...

Allianz SE (OTCPK:ALIZF) Q3 2020 Results Earnings Conference Call November 6, 2020 8:00 AM ET Company Participants | --- | |--------------------------------------------| | | | Oliver Schmidt - IR Giulio Terzariol - CFO | | Conference Call Participants | | Jon Hocking - Morgan Stanley | | Michael Huttner - Berenberg | | Peter Eliot - Kepler Cheuvreux | | Andrew Ritchie - Autonomous | | Farooq Hanif - Crédit Suisse | | Vinit Malhotra - Mediobanca | | William Hawkins - KBW | | Nick Holmes - Societe Generale | ...

2Q 2020 Giulio Terzariol Chief Financial Officer Analyst conference call August 5, 2020 CONTENT 1GROUP FINANCIAL RESULTS 2Q 2020 © Allianz SE 2020 2 GLOSSARY DISCLAIMER 10 Group financial results 2Q 2020 Group: resilient performance in 6M 2020 COVID-19 impact | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------------|-----------------------------------------------------------|--------|----------------------------|--------|--------------------------|----------- ...

Financial Data and Key Metrics Changes - Overall revenue slightly decreased, primarily due to a slowdown in the Life business, with operating profit reported at €4.9 billion, which would be €6.1 billion when adjusted for COVID impact [6][10] - The net income followed the trajectory of operating profit, with a combined ratio of 96.7%, which adjusts to below 94% when accounting for COVID impact [7][10] - The new business margin stood at 2.9%, reflecting a strong performance despite significantly lower interest rates compared to the previous year [8] Business Line Data and Key Metrics Changes - The Life segment experienced a 13% decline in growth, leading to an operating profit of €1 billion, which is slightly lower than the previous year but close to planned levels [11][30] - In Property-Casualty, the operating profit decreased by €240 million, with a COVID impact of 3.1% on the combined ratio [19][22] - Asset Management saw €20 billion in outflows over six months, but the second quarter showed positive outflows, indicating strong business quality [9][40] Market Data and Key Metrics Changes - The capital situation showed a Solvency II capitalization ratio of 187%, down 3 percentage points from March, but still at a comfortable level [12][14] - The combined ratio for AGCS was reported at 117%, with 18 percentage points attributed to COVID, while Euler Hermes reported a combined ratio over 100% [22][23] Company Strategy and Development Direction - The company is focused on managing solvency ratios without relying on transitional measures, while also adjusting products to fit a low-interest-rate environment [14][47] - There is an emphasis on maintaining a strong new business margin and improving underwriting results despite the challenges posed by COVID [29][47] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding future uncertainties related to COVID, particularly in regions experiencing new outbreaks [53][56] - The company refrained from providing a specific outlook due to ongoing uncertainties, particularly in the U.S. and Australia [56] Other Important Information - The investment income decreased by €100 million compared to the previous year, driven by lower interest rates and reduced dividends [25][27] - The company noted that the impact of COVID on claims is expected to reach €1 billion by year-end, with a conservative approach to reserving [53][69] Q&A Session Summary Question: Remaining uncertainties and claims impact - Management acknowledged uncertainties related to future COVID developments and confirmed an estimated claims impact of €1 billion by year-end [50][53] Question: Asset Management volume mix and margin sustainability - Management indicated that the current fee margin may stabilize at its current level, with no significant competitive pressure expected [51][57] Question: Transitional approval and its implications - Management explained that the decision to apply for transitional approval was based on long-term regulatory considerations and the potential for future restrictions [60][61] Question: COVID claims and reinsurance recoveries - Management clarified that the current claims estimates do not assume recoveries from reinsurers, and the impact of COVID claims is being closely monitored [106] Question: Life investment margin outlook - Management suggested that the life investment margin may remain around 80 basis points or lower, depending on future interest rate conditions [106] Question: Solvency ratio and buyback status - Management confirmed that the solvency ratio would be approximately 190% without the buyback, and indicated that the buyback is unlikely to resume in the near term [80][75]