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Allianz Annual Report 2012

On the life side, we anticipate continued economic uncer- tainty, equity market volatility and a low interest rate envi- ronment. On the upside, we continue to believe that U.S. demographic trends present us with an excellent opportu- nity in the retirement market. In order to reap these bene- fits, we will continuously strengthen our distribution net- work and value proposition to our customers through product innovation and high quality service. Global Insurance Lines & Anglo Markets Global Insurance Lines & Anglo Markets C 008 Selected markets  Motor/non-motor as % of total property-casualty gross premiums Traditional/ investment-oriented as % of total life statutory premiums Statutory/gross premiums written Operating profit Number of customers  Proprietary net­works Number of brokers Number of employees € mn € mn mn thou thou thou Australia II. 54 %46 % – 100 % 0 % 3,018 394 3.2 – 1.6 4.1 United Kingdom III. 34 % 66 % – n.a. 2,318 199 1.9 – 5.1 4.4 ◼  Property-Casualty  ◼  Life/Health Market position by gross premiums written:  I. Position 1  II. Position 2 to 5  III. Position 6 to 10  IV. Not in the top 10 Australia Allianz Australia Insurance Ltd. serves the Australian and New Zealand property-casualty and life insurance markets. Measured by premium income, ­Allianz Australia is the fourth largest insurer in Australia, providing insurance coverage for retail and corporate segments. We also operate in certain niche markets, including pre- mium financing, agriculture and pleasure craft insurance. With our disciplined underwriting, we successfully re- sponded to the unprecedented series of natural disasters that hit Australia and New Zealand between December 2010 and March 2012. Continued measures to increase ­operationalefficiencyandourconstantfocusonimproving customer service and experience contributed to the excel- lent result. As ­Allianz Australia markets its products and services through a multi-distribution approach and given the strong positioning in the market good growth opportuni- ties are available in 2013. United Kingdom Allianz Insurance plc is one of the largest general insurers in the UK. It offers commercial insurance primarily through brokers with a full range of products for sole proprietor- ships right up to large commercial organizations. We also provide a broad selection of personal lines products distrib­ uted through brokers, affinity partners, veterinary practices and direct channels. Operating in a highly competitive market, we continue to concentrate on active cycle management, market-leading customer focus and sophisticated fraud detection to ­support profitable growth. This underwriting discipline continues to prove itself with results consistently ahead of peer competitors. In 2012, we further expanded our business with large global corporate partnerships. In 2013, we will continue to capitalize on growth opportuni- ties and forego premium growth in areas which do not offer an adequate risk return. We will start a number of new brand awareness initiatives to support growth in our retail business. The outlook for 2013 remains positive despite a highly competitive market. Annual Report 2012    Allianz Group102