DGAP-News: Allianz SE: Allianz key figures for the first quarter of 2011
(firmenpresse) - DGAP-News: Allianz SE / Key word(s): Quarter Results/Preliminary
Results
Allianz SE: Allianz key figures for the first quarter of 2011
04.05.2011 / 08:51
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Based on preliminary figures, Allianz Group achieved total revenues of
nearly 30 billion euros in the first quarter of 2011, compared to 30.6
billion euros in the first quarter of 2010.
Operating profit is expected to reach nearly 1.7 billion euros, close to
last year's first quarter profit level.
Expenses from natural catastrophes in the first quarter of 2011 will amount
to roughly 750 million euros. Of that amount, some 320 million euros were
reserved for claims related to the earthquake and tsunami in Japan.
Net income in the first quarter of 2011 is expected slightly above 900
million euros, compared to 1.6 billion euros in the first quarter of 2010.
In addition to natural catastrophe costs, lower realized gains against the
background of volatile capital markets contributed to this development.
Michael Diekmann, CEO of Allianz SE: 'Although we spent almost 200 million
euros more on natural catastrophes than in the same quarter of the previous
year, we were able to keep our operating profit close to the previous
year's level. This is testimony to the broad-based nature of our business
portfolio. We are on track to achieve our operating profit target for
2011.'
As announced, Allianz will publish full details for the first quarter on
May 12, 2011.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include 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, and including market volatility,
liquidity and credit events (iii) the frequency and severity of insured
loss events, including from natural catastrophes and including the
development of loss expenses, (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 company assumes no obligation to update any
forward-looking statement.
No duty to update
The company assumes no obligation to update any information contained
herein.
End of Corporate News
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Deutschland
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations(at)allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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122828 04.05.2011
Datum: 04.05.2011 - 08:51 Uhr
Sprache: Deutsch
News-ID 33958
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