Allianz SE · XETR:ALV
Allianz — BNP Paribas Financial Services Conference 2002
16 slides from Allianz's conference presentation, May 30, 2002
Slide 1: Allianz - Dresdner Bank: Integrated Financial Services Provider
Allianz - Dresdner Bank: Integrated Financial Services Provider Dr. Bernd Fahrholz CEO Dresdner Bank Deputy Chairman of Allianz Group BNP Paribas Financial Services Conference Paris, May 30, 2002
Slide 2: Allianz - Dresdner Bank: An integrated financial services provider
Allianz - Dresdner Bank: An integrated financial services provider Asset Management Insurance Banking 1
Slide 3: Dresdner Bank: Net synergies, as projected in 2001
Dresdner Bank: Net * synergies, as projected in 2001 (in EUR m pre tax) Of which cost synergies 2002 290 83 % 2003 385 49 % 2004 680 36 % 2005 885 31 % 2006 et seq 1,060 29 % *) After restructuring costs 2
Slide 4: European Market Opportunities
European Market Opportunities Europe Germany „share of stocks and „share of stocks and assets“ held in mutual funds assets“ held in mutual funds bank accounts bank accounts 43 % 35 % 34 % 36 % 27 % 22 % 23 % 20 % 2000 2010 2000 2010 2000 2010 2000 2010 3
Slide 5: Demographic Trends in Europe
Demographic Trends in Europe Germany France Europe Population aged 65 years* and Population aged 65 years* and Population aged 65 years* and above above above 34,1 % 31,4 % 28 % 28,5 % 29,5 % 28,3 % 2000 2010 2000 2010 2000 2010 * in relation to the population aged 20 to 64 4
Slide 6: Allianz - Dresdner Bank: An integrated financial services provider
Allianz - Dresdner Bank: An integrated financial services provider Asset Management Insurance Banking 5
Slide 7: High Growth Potential in Wealth Management Market as Population Decreases
High Growth Potential in Wealth Management Market as Population Decreases Falling population Growing investment volume § Average growth of 12.5% p.a. 2,738 82 81,5 80,5 78,4 1.176 75,3 1,521 71,6 764 705 Life insurance Equities 366 857 Mutual funds 391 2000 2010 2020 2030 2040 2050 1999 2004 E Popul
Slide 8: Customers' financial needs
Within the Allianz Group private clients have choice of channels Individual clients Distribution channels in Germany Agents Planners Branches 3rd party distribution Remote (telephone and online) Protection Products § P&C Customers’ financial needs § Health § Term life Allianz Long-term savings Finan
Slide 9: Cooperation of Dresdner Bank and Allianz Through Two Sales Models
Cooperation of Dresdner Bank and Allianz Through Two Sales Models: Interchange of products and specialists for complex advisory needs Integrated All-round Provider of Financial Services Business Model 1: Clients Coverage of property and casualty products by Allianz specialists Standardized products
Slide 10: German pension opportunities: Excellent market position from the start
German pension opportunities: Excellent market position from the start German pension reform in a nutshell § Reduction of state pensions. Promotion of private provision through tax incentives and state benefits. From 2002 onwards, almost 30 m employees are entitled to allocate a maximum of EUR 2,685
Slide 11: Allianz Dresdner Asset Management (ADAM)
Allianz Dresdner Asset Management (ADAM) Starting position § Combination of the two separate Asset Managers moves us to the top five bracket § Worldwide approx. € 1,200 bn Assets under Management § To be a leading Global Asset Manager Objective § Superior products and services provided by a team of
Slide 12: Dresdner Bank: Significant increase of production
Dresdner Bank: Significant increase of production (in EUR m) Monthly insurance sales of Dresdner Bank Life: Premium volume * Non-life: Annual premiums 135 1.6 120 113 104 x 3.5 x 26.7 68 0.7 0.5 34 34 0.3 0.06 0.06 0.1 Ø Ø 1-7 8/01 9/01 10/01 11/01 12/01 Ø Ø 1-7 8/01 9/01 10/01 11/01 12/01 2000 2001
Slide 13: Dresdner Bank more than compensated HVB distribution
Dresdner Bank more than compensated HVB distribution Life plus non-life New business value * Number of contracts 8-12 / 2000 8-12 / 2001 8-12 / 2000 8-12 / 2001 63,000 + 72 % + 425 % 52,000 L/H 25,341 * 14,717 * 12,000 9,000 11,000 P/C 3,000 Dresdner Dresdner Dresdner Dresdner plus HVB plus HVB *) A
Slide 14: Dresdner Bank: Strong increase in productivity
Dresdner Bank: Strong increase in productivity (in EUR ) New business sold per branch * Life: Premium volume ** Non-life: Annual premiums 100,000 900 85,812 804 75,000 71,836 573 600 47,331 50,000 39,151 300 25,000 61 60 0,000 0 Ø 2000 Ø 1-7/01 Ø 8-12/01 Ø 1-3/02 Ø 2000 Ø 1-7/01 Ø 8-12/01 Ø 1-3/02 *
Slide 15: Allianz - Dresdner Bank: An integrated financial services provider
Allianz - Dresdner Bank: An integrated financial services provider Asset Management Insurance Banking 14
Slide 16: Disclaimer
Disclaimer CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS All rights reserved, Copyright 2002 Allianz AG Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and inv
Allianz — BNP Paribas Financial Services Conference 2002 on 6ix