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

Significant price increase in the second half of the year

The 21.0% rise in our stock’s value means that it did significantly better than the Dow Jones EURO STOXX Insurance (2006: 16.3%). This index tracks the share performance of the major insurance companies in the Euro zone and is consequently our most important benchmark. In a comparison of the share performance of our stock with the standard indices, the Allianz share also performed well in 2006. It performed along similarly positive lines as the DAX (2006: +22.0%) and significantly better than the Dow Jones EURO STOXX 50 (2006: +15.1%), particularly in the second half of the year, in which the value of our share increased from € 123.52 to € 154.76. Impressive business figures, conclusion of the RAS deal and successful investor conferences and roadshows substantially boosted demand for Allianz shares during that period. Our share was the most heavily traded DAX stock in 2006.

The 2006 price trend was a factor in our stock also producing an attractive return of 15.6% per year, viewed over three years. To calculate the performance of your own investment in Allianz shares, you can use the share performance calculator available online at www.allianz.com/stock.

Allianz share performance in comparison
average annual performance in %


      

1 year

      

3 years

      

5 years

      

10 years

Performance       

2006

      

2004-06

      

2002-06

      

1997-06

Allianz (excluding dividends)     21.0     15.6     (8.2)     2.1
Allianz (including dividends)     22.8     17.6     (6.7)     3.2
DAX     22.0     18.5     5.0     8.6
Dow Jones EURO STOXX 50     15.1     14.3     1.6     8.3
Dow Jones EURO STOXX                
Insurance       16.3       18.1       (1.5)       7.5
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Source: Thomson Financial Datastream