Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Allianz Annual Report 2012

Annual Report 2012    Allianz Group Property-Casualty insurance operations by business divisions Property-Casualty insurance operations by business divisions € mn Gross premiums written Premiums earned (net) Operating profit (loss)   internal  1 2012 2011 2010 2012 2011 2012 2011 2010 2012 2011 2010 Germany  9,158 8,979 9,013 9,158 8,979 7,421 7,311 7,286 906 482 617 Switzerland  1,501 1,436 1,389 1,442 1,436 1,450 1,423 1,377 198 157 155 Austria 938 913 890 938 913 788 736 691 66 71 71 German Speaking Countries2 11,630 11,328 11,292 11,571 11,357 9,674 9,470 9,354 1,177 710 843 Italy 3 4,045 3,991 3,986 4,045 3,991 3,893 3,829 3,936 899 646 370 France  4 3,538 3,313 3,300 3,386 3,313 3,200 3,098 3,085 413 373 174 Netherlands  714 829 910 714 824 684 778 801 16 44 54 Turkey  611 476 487 611 476 412 338 342 34 18 25 Belgium  5 397 349 357 366 343 355 284 268 66 41 37 Greece 108 121 116 108 121 90 95 86 19 15 16 Africa 83 79 71 83 79 49 47 42 9 7 7 Western & Southern Europe 6 9,496 9,158 9,227 9,313 9,147 8,683 8,469 8,560 1,472 1,156 698 South America 2,123 1,846 1,563 2,205 1,846 1,488 1,241 1,086 107 145 119 Mexico 266 238 226 260 238 119 110 90 20 13 12 Latin America 2,389 2,084 1,789 2,465 2,084 1,607 1,351 1,176 127 158 131 Spain 1,953 2,011 2,011 1,953 2,011 1,810 1,833 1,834 250 331 282 Portugal 7 317 338 294 316 301 265 257 241 38 43 37 Iberia & Latin America 4,659 4,433 4,094 4,734 4,396 3,682 3,441 3,251 415 532 450 United States  3,550 3,415 3,349 3,232 3,413 2,654 2,594 2,709 (550) (130) 266 USA 3 3,550 3,415 3,349 3,232 3,413 2,654 2,594 2,709 (550) (130) 266 ­­Allianz Global Corporate & Specialty 3 5,314 4,918 4,530 5,164 4,917 3,299 3,088 3,086 421 549 517 Reinsurance PC 3,460 3,409 4,014 3,460 3,409 3,124 3,130 3,274 357 (130) 331 Australia 3,018 2,508 2,161 2,763 2,508 2,235 1,881 1,632 394 313 302 United Kingdom 2,318 2,111 1,939 2,166 2,111 2,165 1,891 1,782 199 206 185 Credit Insurance 2,034 1,902 1,767 2,017 1,902 1,344 1,222 1,139 406 455 445 Ireland  8 433 443 437 433 443 397 401 380 61 71 53 Global Insurance Lines & Anglo Markets 9 16,577 15,291 14,848 16,003 15,290 12,564 11,613 11,293 1,833 1,469 1,833 Russia 678 732 698 663 732 603 618 565 5 10 (32) Poland 421 453 443 429 453 355 369 342 14 5 (7) Hungary 307 347 420 321 347 233 289 363 27 35 11 Slovakia 336 345 349 336 345 273 284 295 70 79 48 Czech Republic 280 288 268 286 288 225 223 206 32 30 27 Romania 181 191 223 190 191 143 168 169 – 1 – Bulgaria 90 97 95 90 97 66 67 67 17 20 18 Croatia 90 88 86 91 88 75 72 73 15 12 10 Ukraine 13 13 9 12 13 7 7 6 3 – – Kazakhstan  – 19 38 – – – 5 7 – 3 2 Central and Eastern Europe 10 2,393 2,563 2,629 2,419 2,544 1,980 2,102 2,093 175 178 55 Asia-Pacific  596 486 486 557 486 320 284 280 57 41 49 Middle East and North Africa 68 68 76 63 63 48 48 44 5 5 2 Growth Markets 3,057 3,117 3,191 3,039 3,093 2,348 2,434 2,417 237 224 106 ­Allianz Global Assistance 1,800 1,686 1,540 1,783 1,688 1,745 1,589 1,487 112 94 97 ­Allianz Worldwide Care  8  384 302 245 384 302 355 275 220 23 14 11 Global Assistance  11 2,186 1,988 1,785 2,169 1,990 2,100 1,864 1,707 135 108 108 Consolidation and Other 12,13 (4,266) (3,958) (3,891) (4,243) (3,974) – 13 12 – 127 – Total 46,889 44,772 43,895 45,818 44,712 41,705 39,898 39,303 4,719 4,196 4,304 1 This reflects gross premiums written on an internal basis (adjusted for foreign currency trans- lation and (de-)consolidation effects). 2 In 2012, “Münchener und Magdeburger Agrarversicherung AG” was transferred from Consoli- dation and Other to German Speaking Countries. Prior year figures have not been adjusted. 2012 contains € 33 mn gross premiums written, € 15 mn premiums earned (net) and € 7 mn operating profit. 3 The reserve strengthening for asbestos risks in 2012 at Fireman’s Fund Insurance Company of € 71 mn had no impact on the financial results of the Allianz Group and Fireman’s Fund’s combined ratio under IFRS. The reserve strengthening for asbestos risks in 2011 at Allianz S.p.A., at Fireman’s Fund Insurance Company and at AGCS of in total € 153 mn had no impact on the financial results of the Allianz Group and the single entities’ combined ratio under IFRS. 4 Effective as of 1 October 2012, Allianz France acquired the Property-Casualty brokerage port- folio-related activities (excluding transport) of Gan Eurocourtage. 5 Effective as of 1 August 2012, Allianz Belgium acquired the assets and assumed the liabilities related to the insurance activities of Mensura. 138

Pages