Allianz CEO: 2009 Focus Is On Maintaining Co's Solid Cap Base
March 13 2009 - 4:19AM
Dow Jones News
Germany's Allianz SE (AZ) will focus on maintaining a solid
capital base in 2009, Chief Executive Michael Diekmann said in the
letter to shareholders in the annual report published Friday.
"Risk management and investment of capital are of particular
importance this year," Diekmann wrote. "In 2009, it is also
important that opportunities and risks should be managed with a
particular focus on maintaining the solid capital base of
Allianz."
In the annual report, Allianz also reiterates its inability to
give a reliable profit guidance for 2009, pointing out that it
expects the difficult conditions in the capital markets to continue
throughout 2009.
"We are in the midst of the toughest economic downturn for
decades, and reliable statements about profit levels for 2009 are
not possible in this environment."
Company Web site: www.allianz.com
-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500;
ulrike.dauer@dowjones.com