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Allianz Annual Report 2012

The carrying amounts of goodwill and brand names are al- located to the Allianz Group’s CGU as of 31 December 2012 and 2011 as follows:1 Allocation of carrying amounts of goodwill and brand names to Cgu D 061 € mn as of 31 December 2012 2011 Cash generating unit Goodwill Brand names Goodwill Brand names Property-Casualty German Speaking Countries 284 – 284 – Insurance Western & Southern Europe 924 – 851 – Iberia & Latin America 21 – 22 – Asia-Pacific and Middle East 89 – 88 – Central and Eastern Europe 467 16 454 24 Global Insurance Lines & Anglo Markets 323 – 317 – Specialty Lines I 38 – 38 – Specialty Lines II 18 – 18 – Subtotal 2,164 16 2,072 24 Life/Health German Speaking Countries 592 – 592 – Health Germany 325 – 325 – Insurance Western & Southern Europe 645 – 642 – Asia-Pacific and Middle East 171 – 171 – Insurance USA 442 – 444 – Subtotal 2,175 – 2,174 – Asset Management 6,937 – 6,985 – Corporate and Other Selecta AG 403 286 491 286 Subtotal 403 286 491 286 Total 11,679 302 11,722 310 Valuation techniques The recoverable amounts for all CGU are determined on the basis of value in use calculations. The Allianz Group ap- plies generally acknowledged valuation principles to deter- mine the value in use. For all CGU in the Property-Casualty segment and for the CGU Asset Management, the Allianz Group uses the capital- ized earnings method to derive the value in use. Generally, the basis for the determination of the capitalized earnings value is the business plan (“detailed planning period”) as well as the estimate of the sustainable returns and eternal growth rates which can be assumed to be realistic on a long-term basis (“terminal value”) for the operating enti- 1 The overview shows all CGU that contain goodwill. ties included in the CGU. The capitalized earnings value is calculated by discounting the future earnings using an ap- propriate discount rate. The business plans applied in the value in use calculations are the results of the structured managementdialoguesbetweentheBoardofManagement of the Allianz Group and the operating entities in connec- tion with a reporting process integrated into these dia- logues. Generally, the business plans comprise a planning horizon of three years and are based on the current market environment. The terminal values are largely based on the expected prof- its of the final year of the detailed planning period. Where necessary, the planned profits are adjusted to reflect long- Annual Report 2012    Allianz Group284

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