Robust performance in a difficult environment:
- Gross premiums written grew by 3.2 % to € 43.9 billion.
- Operating profit increased by 5.9 % to € 4.3 billion.
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Prague, Hlavní Nádraží Praha (Prague Central Station)
Barcelona, Passeig de Gràcia, Casa Batllo
Budapest, Ferenciek tere
Lisbon, Estação do Oriente
Lisbon, Elevador de Santa Justa, Rúa Augusta
Munich, Odeonsplatz
Munich, Westfriedhof Subway Station
Paris, Charles de Gaulle Airport
Allianz Group
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Segment Overview: Property-Casualty
Gross premiums written by regions/countries as of December 31, 2010 (December 31, 2009)1, 2in %
1 After elimination of transactions between Allianz Group companies in different geographic regions and different segments.
2 Gross premiums written from our specialty lines have been allocated to the respective geographic regions.
3 Gross premiums written of our specialty line Travel and Assistance (Mondial) are now assigned to France as a result of the relocation of their headquarters from Switzerland to
France in 2010. Mondial’s share of gross premiums written accounted for 3.5 % in 2010 (2009: 3.2 %). 2009 figures have been retrospectively adjusted.
Segment Overview: Life/Health
Strong result in a low interest rate environment:
- Revenues up 12.5 % to € 57.1 billion.
- Operating investment income grew by 14.6 % to € 16.0 billion.
Statutory premiums by regions/countries as of December 31, 2010 (December 31, 2009)1in %
1 After elimination of transactions between Allianz Group companies in different geographic regions and different segments.
Segment Overview: Asset Management
Another record year for Asset Management:
- Third-party net inflows of € 113 billion.
- Outstanding operating profit of € 2.1 billion.
Third-party assets under management by regions/countries as of December 31, 2010 (December 31, 2009)4in %
4 Based on the origination of assets.
5 Consists of third-party assets managed by other Allianz Group companies (approximately € 19 bn as of December 31, 2010 and € 24 bn as of December 31, 2009, respectively).
Allianz at a Glance
| 2010 | Change from pre- vious year |
2009 | 2008 | 2007 | 2006 | 2005 | More details |
||
|---|---|---|---|---|---|---|---|---|---|
| 1 Figures prior to 2008 have not been restated to reflect the change in the Allianz Group's accounting policy, effective July 1, 2010. For further information please refer to note 4 of our consolidated financial statements.
2 Total revenues comprise statutory gross premiums written in Property-Casualty and Life/Health, operating revenues in Asset Management and total revenues in Corporate and Other (Banking).
3 Figures do not reflect changes in the presentation implemented in 2009.
4 The Allianz Group uses operating profit as a key financial indicator to assess the performance of its business segments and the Group as a whole.
5 Following the announcement of the sale on August 31, 2008, Dresdner Bank was classified as held for sale and discontinued operations. Therefore, all revenue and profit figures presented for our continuing business do not include the parts of Dresdner Bank that we sold to Commerzbank on January 12, 2009. Starting as of 2006 the results from these operations are presented in a separate net income line "Net income (loss) from discontinued operations, net of income taxes".
6 Proposal.
7 Based on average shareholders' equity. Average shareholders' equity has been calculated based upon the average of the current and the preceding year's shareholders' equity as of December 31.
8 Based on net income from continuing operations after non-controlling interests.
Further comparison periods are not provided due to subsequent changes in presentation. |
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| Income Statement1 | |||||||||
| Total revenues2 | € mn | 106,451 | 9.3 % | 97,385 | 92,568 | 97,689 | 94,8733 | 100,9673 | |
| Operating profit4 | € mn | 8,243 | 17.0 % | 7,044 | 7,455 | 10,320 | 9,2193 | 8,0033 | |
| Net income from continuing operations5 | € mn | 5,209 | 12.0 % | 4,650 | 4,268 | 7,991 | 7,843 | — | |
| Net income (loss) from discontinued operations, net of income taxes5 |
€ mn | — | n. m. | (395) | (6,373) | 723 | 467 | — | — |
| Net income (loss) | € mn | 5,209 | 22.4 % | 4,255 | (2,105) | 8,714 | 8,310 | 5,766 | |
| Balance Sheet1 as of December 31, | |||||||||
| Total assets | € mn | 624,945 | 7.1% | 583,717 | 954,999 | 1,061,149 | 1,110,081 | 1,054,656 | |
| Shareholders' equity | € mn | 44,491 | 10.9 % | 40,108 | 33,720 | 47,753 | 49,650 | 38,656 | |
| Non-controlling interests | € mn | 2,071 | (2.4%) | 2,121 | 3,564 | 3,628 | 7,180 | 8,386 | |
| Share Information | |||||||||
| Basic earnings per share1 | € | 11.20 | 20.0 % | 9.33 | (5.25) | 18.00 | 17.09 | 11.24 | |
| Diluted earnings per share1 | € | 11.12 | 19.6 % | 9.30 | (5.29) | 17.71 | 16.78 | 11.14 | |
| Dividend per share | € | 4.506 | 9.8 % | 4.10 | 3.50 | 5.50 | 3.80 | 2.00 | |
| Total dividend | € mn | 2,0456 | 10.5 % | 1,850 | 1,580 | 2,472 | 1,642 | 811 | |
| Share price as of December 31 | € | 88.93 | 2.0 % | 87.15 | 75.00 | 147.95 | 154.76 | 127.94 | |
| Market capitalization as of December 31 |
€ mn | 40,419 | 2.2 % | 39,557 | 33,979 | 66,600 | 66,880 | 51,949 | |
| Other Data | |||||||||
| Return on equity after income taxes1,7,8 | % | 11.9 | (0.6) pts | 12.5 | 9.9 | 15.0 | 15.0 | 12.9 | |
| Total assets under management as of December 31 |
€ mn | 1,517,538 | 26.2 % | 1,202,122 | 950,548 | 1,009,586 | 1,011,802 | 977,957 | |
| thereof: Third-party assets under management as of December 31 |
€ mn | 1,163,982 | 25.7 % | 925,699 | 703,478 | 764,621 | 763,855 | 742,937 | |
| Employees | 151,338 | (1.2 %) | 153,203 | 182,865 | 181,207 | 166,505 | 177,625 | ||