Agency Annualised New Premiums & Financial Results FY 2019

GENERAL BUSINESS: LOWER COMBINED RATIO DUE TO LOWER CLAIMS RATIO Allianz ⑪ Combined Ratio 1.8 pts ■Commission Ratio ■Claims Ratio 90.6% 92.9% 93.8% 93.6% 92.8% 91.3% 90.3% 96.4% 86.0% 91.0% 18.4% 16.7% 17.9% 18.7% 20.0% 18.4% 20.5% 17.2% 20.2% 24.5% Expense Ratio Net Combine Ratio excluding one-off impact: 61.1% 62.9% 63.4% 61.0% 62.1% 65.3% 58.7% 61.1% 4Q 2019 12M 2019 59.1% 51.6% Expense Ratio 24.5% 20.2% Claim Ratio 53.7% 59.7% Commission Ratio 13.5% 12.6% 12.8% 12.1% 11.7% 12.6% 12.3% 12.2% 12.0% 12.8% 9.9% 11.7% Net Combine Ratio 91.7% 92.5% 1Q 2018 2Q 2018 3Q 2018 4Q 2018 12M 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 12M 2019 O Copyright Allianz SE 15

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