Hurricane Sandy leaves Allianz operating profit outlook unchanged

Allianz impact from Hurricane Sandy amounts to 590 million US-dollars / Operating profit 2012 still expected to exceed 9 billion euros

Munich, Jan 15, 2013

Hurricane Sandy, which hit the north eastern coast of the United States in late October 2012, has had an estimated total impact on Allianz of 590 million US-dollars (455 million euros). This preliminary figure includes payments to customers and related items such as reinsurance reinstatement fees.

“Despite the impact of Hurricane Sandy, we continue to expect our operating profit for 2012 to exceed 9 billion euros,” said Dieter Wemmer, Chief Financial Officer of Allianz SE.

Allianz will publish its year-end figures, including those for 2012 natural catastrophe impact, on February 21, 2013.

Dieter Wemmer, Chief Financial Officer of Allianz SE: “Despite the impact of Hurricane Sandy, we continue to expect our operating profit for 2012 to exceed 9 billion euros.”

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