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Allianz Annual Report 2012

Annual Report 2012    Allianz Group146 Life/Health insurance operations by business divisions  Life/Health insurance operations by business divisions € mn Statutory premiums 1 Premiums earned (net)   internal  3 2012 2011 2010 2012 2011 2012 2011 2010 Germany Life  4 15,179 15,673 15,961 15,179 15,673 11,282 11,224 11,651 Germany Health  3,269 3,204 3,209 3,269 3,204 3,268 3,204 3,209 Switzerland 1,903 1,707 1,502 1,827 1,703 686 670 582 Austria 407 420 398 407 420 288 301 289 German Speaking Countries 20,758 21,004 21,070 20,682 21,000 15,524 15,399 15,731 Italy 4 6,364 6,915 8,841 6,364 6,915 543 631 656 France 4 7,977 7,705 8,014 7,977 7,620 3,056 3,027 3,086 Belgium/Luxembourg 2,019 1,275 1,160 2,019 1,285 416 437 423 Netherlands 276 317 315 276 308 135 150 135 Turkey 114 96 103 114 96 37 34 36 Greece 95 109 116 95 109 57 65 67 Africa 52 45 41 52 45 24 21 22 Western & Southern Europe 16,897 16,462 18,590 16,897 16,378 4,268 4,365 4,425 Mexico 152 146 111 149 146 24 42 56 South America 103 72 56 93 72 99 60 45 Latin America 255 218 167 242 218 123 102 101 Spain 1,075 965 926 1,075 969 495 380 374 Portugal 190 194 183 190 194 86 86 84 Iberia & Latin America 1,520 1,377 1,276 1,507 1,381 704 568 559 United States 7,289 7,786 8,155 6,729 7,786 848 660 624 USA 7,289 7,786 8,155 6,729 7,786 848 660 624 Reinsurance LH 484 374 314 484 374 425 343 307 Global Insurance Lines & Anglo Markets  484 374 314 484 374 425 343 307 South Korea 1,871 1,657 1,836 1,760 1,657 580 596 707 Taiwan 1,352 1,314 2,170 1,254 1,314 129 133 166 Indonesia 760 606 431 750 606 305 266 169 Malaysia 330 269 242 308 269 211 191 183 Japan 1 479 1,202 1 479 5 95 7 Other 789 645 606 733 645 623 483 505 Asia-Pacific 5,103 4,970 6,487 4,806 4,970 1,853 1,764 1,737 Poland 411 377 368 425 377 125 104 121 Slovakia 244 249 244 244 249 206 186 171 Hungary 147 175 182 156 175 53 56 62 Czech Republic 171 152 143 175 152 66 61 57 Russia 94 59 25 91 59 90 57 24 Croatia 55 50 47 55 50 52 48 45 Bulgaria 31 29 26 31 29 27 25 25 Romania 23 22 22 24 22 13 12 12 Central and Eastern Europe 1,176 1,113 1,057 1,201 1,113 632 549 517 Middle East and North Africa 170 163 137 160 153 138 122 126 Global Life  4 4 4 270 4 4 1 – 8 Growth Markets 6,453 6,250 7,951 6,171 6,240 2,624 2,435 2,388 Consolidation 6 (1,054) (390) (258) (1,055) (390) – – – Total 52,347 52,863 57,098 51,415 52,769 24,393 23,770 24,034 1 Statutory premiums are gross premiums written from sales of life and health insurance policies, as well as gross receipts from sales of unit-linked and other investment-oriented products, in accordance with the statutory accounting practices applicable in the insurer’s home jurisdiction. 2 Represents operating profit (loss) divided by the average of current year-end and previous year-end net reserves, whereby net reserves equal reserves for loss and loss adjustment expenses, reserves for insurance and investment contracts and financial liabilities for unit- linked contracts less reinsurance assets.

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