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Allianz Annual Report 2012

Annual Report 2012    Allianz Group380 Index of Tables and Graphs Cover pages 001 Annual results 002 Gross premiums written 003 Statutory premiums 004 Third-party assets under management A – To our investors A 001 Development of the ­Allianz share price versus EURO STOXX 50 and STOXX Europe 600 Insurance  54 A 002 Analysts’ recommendations  55 A 003 Allianz share performance in comparison  55 A 004 Share price development against ­ STOXX Europe 600 Insurance  55 A 005 Dividend per share and total dividend  56 A 006 Allianz share key indicators at a glance  56 A 007 Basic share information  56 A 008 Trading turnover in ­Allianz shares 2012 [2011]  57 A 009 Weighting of ­Allianz shares in major indices  57 A 010 Shareholder structure  58 A 011 Regional structure  58 A 012 Awards 58 B – Corporate governance B 001 Board Committees  64 B 002 Group Committees  64 B 003 Supervisory Board Committees  66 B 004 Objectives of the Supervisory Board regarding its composition  67 B 005 Declaration of conformity with the German Corporate Governance Code  69 B 006 Value of annual offer in various perfor- mance achievement scenarios  75 B 007 Target categories for variable short and mid term remuneration in 2012  77 B 008 Illustration of the process and the under- lying timeline of the three-year bonus cycle, from target setting to final perfor- mance assessment  78 B 009 Payout of variable remuneration  78 B 010 Individual remuneration – 2012 and 2011  79 B 011 Grants, outstanding holdings and equity compensation expense under the Allianz equity program  81 B 012 Individual pensions: 2012 and 2011  82 B 013 Termination of service – Details of the payment arrangements and illustrative examples  84 B 014 Pension contributions  85 B 015 Key features of senior executives 2012 target remuneration  87 B 016 Committee-related remuneration  88 B 017 Individual remuneration 2012 – 2011  89 C – Group Management Report C 001 Selected product range Property- Casualty and Life/Health  93 C 002 Selected product range Asset Management  94 C 003 Market positions of our business operations  95 C 004 Insurance German Speaking Countries  96 C 005 Insurance Western & Southern Europe  97 C 006 Insurance Iberia & Latin America  100 C 007 Insurance USA  101 C 008 Global Insurance Lines & Anglo Markets  102 C 009 Insurance Growth Markets  104 C 010 The four pillars of our strategy  106 C 011 Our strategic goals  107 C 012 Members of the Board of Management and their responsibilities in 2012 and 2013  108 C 013 Awards & recognitions  109 C 014 Customers by region/country  112 C 015 Microinsurance key figures  113 C 016 Renewable energy  114 C 017 Environmental footprint  116 C 018 Environmental footprint  117 C 019 Employees 119 C 020 Training key figures  119 C 021 Tenure by region in years  120 C 022 Further employee figures  120 C 023 Operating profit Allianz Group  124 C 024 Key figures Allianz Group  124 C 025 Total revenues – Segments  126 C 026 Operating profit – Segments  126 C 027 Net income  128 C 028 Earnings per share  128 C 029 Total revenues and reconciliation of operating profit (loss) to net income (loss)  129 C 030 Operating profit Property-Casualty  132 C 031 Key figures Property-Casualty  132 C 032 Gross premiums written by region/country  133 C 033 Gross premiums written by operating entity – Internal growth rates  133 C 034 Operating profit  134 C 035 Underwriting result  135 C 036 Operating investment income  136 C 037 Other result  136 C 038 Property-Casualty segment information  137 C 039 Property-Casualty insurance operations by business divisions  138 C 040 Operating profit Life/Health  140 C 041 Key figures Life/Health  140 C 042 Statutory premiums by region/ country  141 C 043 Statutory premiums – Internal growth rates in selected markets  141 C 044 Life/Health segment information  144 C 045 Life/Health insurance operations by business divisions  146 C 046 Operating profit Asset Management  148 C 047 Key figures Asset Management  148 C 048 Development of total assets under management  149 C 049 Third-party assets under management by business unit  149 C 050 Third-party assets under management by region/country  150 C 051 Three-year rolling investment perfor- mance of ­­PIMCO and AllianzGI  150 C 052 Asset Management segment information  151 C 053 Key figures Corporate & Other  152 C 054 Key figures Corporate & Other – In detail  152 C 055 2012 results versus previous year outlook for 2012  154 C 056 Outlook 2013  157 C 057 Shareholders’ equity  166 C 058 Conglomerate solvency  166 C 059 Interest rates development in 2012  167 C 060 Credit spreads development in 2012  168 C 061 Asset allocation  168 C 062 Fixed income portfolio  169 C 063 Carrying values and unrealized gains/ losses in Spanish, Greek, Irish, Portu- guese and Italian sovereign bonds  169 C 064 Net investment income  169 C 065 Composition of asset base – Fair values  170 C 066 Development of reserves for loss and loss adjustment expenses  171 C 067 Composition of asset base – Fair values  171 C 068 Financial assets for unit-linked contracts  172 C 069 Development of reserves for insurance and investment contracts  172 C 070 Composition of asset base – Fair values  173 C 071 Capital authorizations of Allianz SE  176 C 072 Maturity structure of ­Allianz SE’s senior and subordinated bonds as of 31 Decem- ber 2012  176 C 073 Senior and subordinated bonds issued or guaranteed by Allianz SE  177 C 074 Issuances and redemptions of Allianz SE’s senior and subordinated bonds  177 C 075 Currency allocation of Allianz SE’s senior and subordinated bonds  178 C 076 Money market securities of Allianz SE  178 C 077 Allianz  SE bonds outstanding as of 31 December 2012 and interest expenses in 2012  179 C 078 Change in cash and cash equivalents for the years ended 31 December  180 C 079 Cash and cash equivalents  181 C 080 Composition of total revenues  182

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