ANNUAL REPORT 2006
Insurance | Asset Management | Banking
Shareholder Company Success Factors Business Development Consolidated Financial Statements

North and South America

The Americas – We are well-positioned in the United States, the largest insurance market of the world. Overall, our American operations take place in attractive markets.

Business segments

  Property-Casualty
  Life/Health
  Banking

 

  Asset Management
  Corporate
  Operating entity contributes a substantial portion of our total revenues within our primary geographic markets. Total revenues comprise Property-Casualty segment’s gross premiums written, Life/Health segment’s statutory premiums, Banking segment’s operating revenues and Asset Management segment’s operating revenues.
   Argentina        Mexico   
   Brazil        United States   
   Colombia        Venezuela   

2006 in review

September 5: Standard & Poor’s affirmed its “A” counterparty and insurer financial strength ratings on Fireman’s Fund and rated subsidiaries. The rating outlook has been revised to positive from stable.
December 7: AlIianz Life United States announced the full integration of operations between its retail broker/dealer subsidiaries, USAllianz Securities® and Questar Capital Corporation. The organization will operate under the Questar Capital name.

The following table sets forth selected Allianz Group operating subsidiaries by geographic region at December 31, 2006, including our ownership percentage. It does not contain all subsidiaries of the Allianz Group, nor does it indicate whether an interest is held directly or indirectly by Allianz SE. Further, the ownership percentage presented in the following table includes equity participations held by dependent enterprises of the Allianz Group in full, even if the Allianz Group’s ownership in the dependent enterprise is below 100%.
 

NORTH AND SOUTH AMERICA

   
  Argentina    
    AGF Allianz Argentina Compañía de Seguros Generales S.A.   100.0%  
  Brazil      
    AGF Brasil Seguros S.A.   72.5%  
  Colombia      
    Colseguros Generales S.A.   100.0%  
  Mexico      
    Allianz México S.A. Companía de Seguros   100.0%  
  United States    
    Allianz Global Investors of America L.P.   97.3%  
    Allianz Global Investors Distributors LLC   100.0%  
    Allianz Global Risks US Insurance Company   100.0%  
    Allianz Life Insurance Company of North America   100.0%  
    Fireman’s Fund Insurance Company   100.0%  
    NFJ Investment Group L.P.   100.0%  
    Nicholas Applegate Capital Management LLC   100.0%  
    Oppenheimer Capital LLC   100.0%  
    Pacific Investment Management Company LLC   85.0%  
    RCM Capital Management LLC   100.0%  
  Venezuela    
    Adriática de Seguros C.A.   98.3%  
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