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

Asia-Pacific/Africa

Asia-Pacific and Africa – Asia-Pacific is the Allianz Group’s largest emerging region. Many markets in this part of the world are characterized by high growth rates.

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.
   Egypt        Laos   
   Australia        Malaysia   
   China        Singapore   
   Indonesia        South Korea   
   India        Taiwan   
   Japan              

2006 in review

January 24: Allianz is the first western joint-venture insurer to introduce insurance products in Indonesia, which comply with the rules of the
Islamic law, Sharia.
January 27: Allianz and Industrial and Commercial Bank of China Ltd. (or “ICBC”) announce strategic investment and partnership agreement. AlIianz acquires a 2.5% interest in ICBC.
April 1: Following the shareholder change in 2005, the former AlIianz Dazhong was renamed into Allianz China Life.

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%.
 

ASIA-PACIFIC AND REST OF WORLD

   
  Australia    
    Allianz Australia Limited   100.0%    
  China      
    Allianz China Life Insurance Co. Ltd.   51.0%    
    Allianz Global Investors Hong Kong Ltd.   100.0%    
    Allianz Insurance (Hong Kong) Ltd.   100.0%    
  Indonesia      
    PT Asuransi Allianz Utama Indonesia Ltd.   75.4%    
    PT Asuransi Allianz Life Indonesia p.l.c.   99.8%    
  Japan      
    Allianz Fire and Marine Insurance Japan Ltd.   100.0%    
    Dresdner Kleinwort (Japan) Ltd.   100.0%    
  Laos      
    Assurances Générales du Laos Ltd.   51.0%    
  South Korea    
    Allianz Global Investors Korea Limited   100.0%    
    Allianz Life Insurance Co. Ltd.   100.0%    
  Malaysia      
    Allianz Global Insurance Malaysia Berhad p.l.c.   98.7%    
    Allianz Life Insurance Malaysia Berhad p.l.c.   100.0%    
  Singapore      
   

Allianz Global Investors Singapore Ltd.

  100.0%    
   

Allianz Insurance Company of Singapore Pte. Ltd.

  100.0%    
  Taiwan      
    Allianz President Life Insurance Co. Ltd.   50.0% 1)  
    Allianz Global Investors Taiwan (SITE) Ltd.   100.0%    
  Egypt      
    Allianz Egypt Insurance Company S.A.E.   85.0%    
    Allianz Egypt Life Company S.A.E.   99.4%    
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