Allianz SE · XETR:ALV
Allianz — H1 2015 Earnings Presentation
13 slides from Allianz's earnings presentation, Aug 7, 2015
Slide 1: Allianz Group: First Half of 2015
Allianz Group: First Half of 2015 Oliver Bäte, CEO Allianz SE Journalist Telephone Conference August 7, 2015
Slide 2: Agenda
Agenda 1 Status: results for the first half of 2015 2 Environment: global economic factors 3 Outlook: renewal agenda © Allianz SE 2015 2
Slide 3: Financial highlights 6M 2015
Allianz Group – first half of 2015 Financial highlights 6M 2015 2014 2015 2014 2015 6M 6M 6M 6M Group +7.1% Property-Casualty +6.9% Total revenues Operating profit1 3,030 63.4 67.9 2,835 (EUR bn) (EUR mn) Life/Health +5.0% +3.7% Operating profit1 1,957 Group 1,864 (EUR mn) Operating profit (EUR mn)
Slide 4: The economic environment
Allianz Group – first half of 2015 The economic environment Subdued global growth in 2015 and 2016 with three risks: China: moderate growth slowdown or cracks in the controlled economic development model? specifically: 50% of global economic growth in Asia Fed: smooth interest rate turnaround or tur
Slide 5: Status and outlook 2015
Allianz Group – first half of 2015 Status and outlook 2015 (EUR bn) 2.2 – 2.8 -0.3 10.4 +0.4bn Disclaimer: Impact from NatCat, 3.0 – 3.6 -0.8 to -1.0 financial markets and 1.1 -0.4bn global economic development not 2.0 predictable! 5.2 – 5.8 5.7 3.0 Property- Life/ Asset Corporate Group Casualty Hea
Slide 6: Comprehensive stakeholder dialogues since October 2014
Allianz Group – first half of 2015 Since October 2014, comprehensive stakeholder dialogues initiated Lessons learned Peers & business community Clients 1 Allianz is very strong and at its best Partners in many ways Investors & analysts 2 Almost everything around us is changing – fast and fundamental
Slide 7: Allianz is strong in a lot of areas
Allianz Group – first half of 2015 1 Allianz is strong in a lot of areas A trusted partner building on Integrity Sequence of Competence One of the world’s record profits strongest brands Resilience World’s N°1 insurer and Leading insurance & leading asset manager asset mgmt. know-how Solid Loyal, mo
Slide 8: The world is changing faster and more fundamentally than ever before
Allianz Group – first half of 2015 2 The world is changing faster and more fundamentally than ever before Rebalancing of global growth Fundamental Technology leap and digitalization shifts Demographic and societal shifts Geo-political instability “Zero” rates and new asset bubbles Cyclical
Slide 9: As our solid foundations are impacted by ongoing changes, we need to be more decisive
Allianz Group – first half of 2015 3 As our solid … are impacted by the … we need to be foundations … ongoing changes … more decisive Customer Superior customer value crucial in digital era and in light of re-regulation True customer centricity advocacy Functional Digital revolution – full transform
Slide 10: Targets and measures are being developed for five topics
Allianz Group – first half of 2015 Targets and measures are currently being developed for each of these five topics Topics Elements True customer Customer needs as the main point Launched beginning centricity of reference in everything we do of May Two members of the Digital by default Becoming
Slide 11: Next steps
Allianz Group – first half of 2015 Next steps Today August Further refinement of the five topics Discussion and further development with Mid-September Allianz international executives End of November Communication of work results and initiatives Beginning of 2016 Implementation of the first set of m
Slide 12: Summary
Allianz Group – first half of 2015 Summary Allianz boosted its revenues and results in the first half of the year. Operating profit outlook for 2015 confirmed at upper end of the target range at EUR 10.8bn1 The global economic environment remains volatile Allianz is using the renewal agenda to deter
Slide 13: Disclaimer
Disclaimer These assessments are, as always, subject to the disclaimer provided below. Forward-looking statements The statements contained herein may include prospects, statements of extent of credit defaults, (vii) interest rate levels, (viii) currency exchange future expectations and other forward