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Allianz Annual Report 2012

    In these challenging times, financial service providers rarely generate positive headlines. Therefore, I am very pleased to report that in 2012, ­Allianz achieved its best result since the beginning of the financial crisis, with an operating profit of € 9.5  BN. A result like ours doesn’t simply fall into one’s lap. It is the reward for hard work, ­professionalism and commitment above and beyond the norm. I would like to express my sincere gratitude to all employees and distribution partners for this outstanding achievement. I remain convinced that a motivated and well-qualified workforce is of utmost importance and the basis for our success. Likewise the positive results of our annual ­Allianz Engagement Survey show that our employees continue to value ­Allianz as an attractive employer. From an ­Allianz perspective, the year started with significant changes to our management team: Paul Achleitner, Enrico Cucchiani and Joachim Faber left the Board of Management in the first half year of A To Our Investors 35 Letter to the Investors 40 Supervisory Board Report 49 Supervisory Board 50 Board of Management 53 International Executive Committee 54 Allianz Share 59 Services for Allianz Investors