Founded in 1890 and with 116 years of experience in the financial services industry, the Allianz Group is committed to providing financial security to a broad base of customers ranging from private individuals to large multinational corporations. Beyond the quality of our financial performance a number of other activities and factors are important for the sustainable growth of our competitive strength and company value. These include, but are not limited to, the conversion of our holding company into a European Company, our global diversification, the reduction of complexity, our value-based management approach, and our crucially important employees.