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 2nd 2006
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IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY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
ALLIANZ AG: First quarter result 2006 significantly improved
Allianz Group recorded a significant improvement of its result in the first
three months of 2006. Provisional figures show an increase in revenues of 4.9
percent to roughly 30 billion Euros compared with the first quarter of the
previous year. Operating profit ( 1 ) is expected to increase to approximately
2.7 billion Euros from 1.9 billion Euros and quarterly net income to 1.8 billion
Euros from 1.3 billion Euros ( 2 ). Shareholders' equity at the end of the first
quarter 2006 will therefore increase to over 41 billion Euros from 39.5 billion
Euros as of 31.12.2005. All segments have contributed to this positive trend.
Due to benign capital markets Allianz has already realized in the first quarter
of 2006 a major portion of its capital gains target for the whole year 2006.
Dresdner Bank and parts of the life insurance business have benefited from this
positive environment. There has also been an absence of significant claims from
natural catastrophes. As in previous years the first quarter is expected to make
a disproportionate contribution to the targeted full year result. Allianz
further expect to reach net income of 4.9 billion Euros ( 3 ) for the business
year 2006.
Allianz will publish its full quarterly report on 12 May.
( 1 ) The definition of operating profit was amended in line with European
market practice in the first quarter of 2006. The comparable figure for the
previous year was amended accordingly (from 1.8 to 1.9 billion Euros).
( 2 ) The quarterly net income originally reported for Q1 2005 of 1.2 billion
Euros was adjusted in Q3 2005 in line with retrospectively applicable accounting
rules.
( 3 ) Calculation based on a shareholding of 76.3 percent in RAS.
End of message
These assessments are, as always, subject to the disclaimer provided below.
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Information and Explaination of the Issuer to this News:
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 information contained herein.
No duty to update
The company assumes no obligation to update any information contained herein.
language: English
company: Allianz AG
Koniginstr. 28
80802 Munchen Deutschland
phone: +49 (0)89 38 00 - 41 2
fax: +49 (0)89 38 00 - 38 9
email: investor.relations@allianz.com
WWW: www.allianz.com
ISIN: DE0008404005
WKN: 840400
indices: DAX-30, EURO STOXX 50
stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, Munchen, Hamburg, Dusseldorf, SWX, Stuttgart;
Terminborse EUREX; Foreign Exchange(s) London, NYSE
CONTACT: Allianz AG
Giovanni Salerno
Tel:+49 (0)89-3800-2184
Email:giovanni.salerno@allianz.de
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 2nd, 2006