Allianz Ciji Zhai deficit of 1.3 billion euros

Munich local time on February 21, the Allianz Group (Allianz) announced financial results for the year 2007.

Allianz Group, the second half of 2007, the Allianz Group's operating profit and net income a year in varying degrees of increase, life insurance and health insurance, property insurance and personal accident insurance, and asset management businesses are Have a better profit growth. However, the investment banking part of the business of credit by the impact of the crisis is more serious, because of the loss of ABS transactions, Allianz recorded a loss of 1.3 billion euros.

2007, subject to the loan-to-crisis, the Allianz Group's investment banking business subject to certain effects, such as Dresdner Bank (Dresdner Bank) in operating profit in 2007 remained at 730 million euros, while in 2006, For 1.4 billion euros, a decrease of nearly 50 percent.

2007, the Allianz Group's total revenue in 2006 from the 101.1 billion euros to 102.6 billion euros in 2007 net income of 8 billion euros, an increase of 13.5 percent, while profits from the previous year's 10 billion euros an increase of 9 percent to 10.9 billion Euro. In addition, the interests of shareholders in 2007 for 4.8 billion euros, Allianz plans to raise dividend 45 percent to 5.50 euros per share.

Allianz Group President and CEO Michael Diekmann (Michael Diekmann) said: "This should be attributed to the diversification of the Group a good business structure, so that we in individual markets and plates, by accident or the impact of a cyclical Low. "

Property insurance premium income from 2006's 43.7 billion euros to grow to 44.3 billion euros, a profit of 6.3 billion euros, with a year to maintain the same level, while the compensation due to natural disasters to 774 million euros.

In life insurance and health insurance business, Allianz's operating profits from 2006's 2.6 billion euros to a record growth of nearly 3 billion euros, the total revenue growth, taking into account the changes in exchange rates, after adjusting for still reach 6.3 percent.

At present, the Allianz Group in China with a joint venture company - Dean of the Life Insurance Company. According to CIRC statistics, 2007, the Dean of the realization of the original insurance premium income of 3 billion yuan, ranking fifth in the joint venture company.