Communication with our investors is important to us. In 2006 we visited a total of 387 investors in 19 cities worldwide and dedicated 41 days to discussing the current course of business and answering any questions. Once a year we organize an analysts’ conference and, for some time now, also a “Capital Markets Day”. This has already become a subject of high interest and is now firmly established in the calendar of events. In the year under review it dealt intensively with our customer focus initiative, with the reorganization of our German insurance business and with our investment banking. More than 50 analysts participated. Overall in 2006 we held 348 meetings with analysts and institutional investors, which was 16% more than in the previous year. The Investor Relations team replied to about 8,800 queries from private investors.
Our Investor Relations again received several awards in 2006. Across a range of industries, “Investor Relations Magazine” placed Allianz among the best five companies in continental Europe in the category “Best Investor Relations”.