Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Allianz SE
  6. News
  7. Summary
    ALV   DE0008404005


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Allianz : Reassessment of risks relating to Structured Alpha Funds

08/01/2021 | 11:42am EDT

Allianz SE

Group Communications and Reputation

Media Release

Reassessment of risks relating to Structured Alpha Funds

Munich, August 1, 2021

Subsequent to the litigation pending in U.S. courts in relation to the Structured Alpha Funds against Allianz Global Investors U.S. LLC and other Allianz Group companies and the investigation launched by the U.S. Securities and Exchange Commission ("SEC") in 2020, the U.S. Department of Justice ("DOJ") has begun an investigation concerning the Structured Alpha Funds, and Allianz Global Investors U.S. LLC has received a voluntary request for documents and information from the DOJ. Allianz is fully cooperating with the SEC and the DOJ in the investigations and has immediately started its own review of this matter.

In light of the DOJ investigation and based on information available to Allianz as of today, the Board of Management of Allianz SE has reassessed the matter and has come to the conclusion that there is a relevant risk that the matters relating to the Structured Alpha Funds could materially impact future financial results of Allianz Group. However, it is currently neither feasible to predict how the SEC and DOJ investigations and the pending court proceedings may be resolved nor the timing of any such resolution. It is in particular not feasible to reliably estimate the amount of any possible resolution including potential fines. Therefore, no provision has been recognized at the current stage.

For further information please contact:

Christian Kroos

Tel. +49 89 3800 5043, e-mail:christian.kroos@allianz.com

Holger Klotz

Tel. +49 89 3800 90921, e-mail:holger.klotz@allianz.com

Daniela Markovic

Tel. +49 89 3800 2063, e-mail:daniela.markovic@allianz.com

Allianz SE

Chairman of the Superv isory Board: Michael Diekmann. Board of Management: Oliv er

Koeniginstr. 28

Bäte, Chairman; Sergio Balbinot, Jacqueline Hunt, Dr. Barbara Karuth-Zelle,

80802 Munich; Germany

Dr. Klaus-Peter Röhler, Iv an de la Sota, Giulio Terzariol, Dr. Günther Thallinger,

Phone: +49 89 3800 18475

Christopher Townsend, Renate Wagner (Release / Stand 01.2021). For VAT-Purposes:

Fax: +49 89 3800 2114

VAT-Registration Number: DE 129 274 114; Insurance serv ices are exempt f rom VAT.


Allianz SE, Munich, Comm.Reg.: Munich HRB 164232

About Allianz

The Allianz Group is one of the w orld's leading insurers and asset managers w ith more than 100 million 1 private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the w orld's largest investors, managing around 785 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.8 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, w e are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as alw ays, subject to the disclaimer provided below .

Cautionary note regarding forw ard-looking statements

This document includes forw ard-looking statements, such as prospects or expectations, that are based on management's current view s and assumptions and subject to know n and unknow n risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forw ard - looking statements.

Deviations may arise due to changes in f actors including, but not limited to, the follow ing: (i) the general economic and competitive situation in the Allianz's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation w ith respect to the Allianz Group, other w ell-know n companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting fr om natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in law s and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

Allianz assumes no obligation to update any information or forw ard-looking statement contained herein, save for any information w e are required to disclose by law .

Privacy Note

Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.

1 Including non-consolidated entities with Allianz customers.

page 2


Allianz SE published this content on 01 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2021 15:41:02 UTC.

ę Publicnow 2021
All news about ALLIANZ SE
09/27ALLIANZ : In Talks With Resolution Life for Sale of Swiss Life Insurance Assets
09/27ALLIANZ : Sep 27, 2021 – Allianz finances development of 2.4m sq ft portfolio of bui..
09/27Euro zone yields continue to climb after German election
09/26ALLIANZ : Taps Advisers to Sell Portfolio of US Life Insurance Policies
09/24Allianz Reportedly Planning to Offload Large US Life Portfolio
09/24ALLIANZ : planning to offload large U.S. life portfolio -Bloomberg
09/24ALLIANZ : Govt Coming With Fresh Charges Against Igboho - Malami
09/23ALLIANZ SE : Release according to -4-
09/23ALLIANZ SE : Release according to -3-
More news
Analyst Recommendations on ALLIANZ SE
More recommendations
Sales 2021 142 B 166 B 166 B
Net income 2021 8 394 M 9 804 M 9 804 M
Net Debt 2021 22 832 M 26 669 M 26 669 M
P/E ratio 2021 9,59x
Yield 2021 5,32%
Capitalization 80 245 M 93 897 M 93 731 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,70x
Nbr of Employees 150 269
Free-Float 99,9%
Duration : Period :
Allianz SE Technical Analysis Chart | ALV | DE0008404005 | MarketScreener
Technical analysis trends ALLIANZ SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 195,66 €
Average target price 231,95 €
Spread / Average Target 18,5%
EPS Revisions
Managers and Directors
Oliver Bńte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
ALLIANZ SE-2.51%93 897
CHUBB LIMITED15.92%77 005