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 May 5, 2004
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IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY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.
1st Quarter Results
MUNICH, Germany--(BUSINESS WIRE)--May 4, 2005--
Allianz AG: Preliminary Group Figures for first quarter 2005
Preliminary Group Figures for first quarter 2005
In the first quarter 2005, the positive earnings trend of the 2004 business year
continued. According to preliminary figures, net income exceeded EUR 1.1
billion. In accordance with IFRS accounting standards, which apply from this
year on, this figure no longer includes goodwill amortization. Net income
increased by around 30 percent compared to the same period of the previous year,
after appropriate adjustments. This increase in net income is a result of
improvements in the operating business.
The combined ratio ( 1) decreased by over 3 percentage points compared to Q1
2004 to around 92 percent.
The Allianz Group posted strong growth in Life & Health and Asset Management.
Internal growth was about 10% in both Life and Asset Management. Assets under
management for third parties rose by around 7 percent compared to year-end 2004.
In Banking, the operating result was about EUR 240 million, though revenues fell
slightly. According to preliminary figures, Dresdner Bank accounted for about
EUR 230 million of the Group result. Dresdner Bank is thus well on its way to
earning its cost of capital in 2005.
The complete interim report for the first quarter 2005 will be disclosed on May,
13, 2005, as published in the Finance Calendar.
(1) claims incurred plus expenses divided by premiums earned in property and
casualty
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 duty to update
The company assumes no obligation to update any information contained her
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: QRF
Sequence Number: 35449
Time of Receipt (offset from UTC): 20050504T062839+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: May 4, 2005