Allianz AG
                                          1.1.- 30.9.2003  1.1.-30.9.2002
Group Key Figures (in billions Euro)
Net income(1)                                       0.421          -0.924
Shareholders'equity                                  26.3            21.8
Key Figures by Lines of Business
Insurance
Statutory Premiums (2)                               64.2            61.5
Combined ratio (3)                                   96.9           106.7
Banking
Net revenues (4)                                     5.24            5.77
Net loan loss provisions                            0.715           1.836
Administrative Expenses                             4.596           5.473
Asset Management
Third party assets under management (5)               571             574

(1)'Results after goodwill, depreciation, taxes and minorities
(2)'Including premiums from investment-products in life insurance
(3)'Property&Casualty, not adjusted for extraordinary effects
(4)'Net interest income + net fee and commission income + net trading income
(5)'Asset management including unit linked business

Cautionary notes regarding forward-looking statements

All assessments are as always subject to the following cautionary
statements. Cautionary Note Regarding Forward-Looking Statements:
Certain of the statements contained herein may be statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. In addition to statements which are
forward-looking by reason of context, the words 'may, will, should,
expects, plans, intends, anticipates, believes, estimates, predicts,
potential, or continue' and similar expressions identify
forward-looking statements. Actual results, performance or events may
differ materially from those in such statements due to, without
limitation, (i) general economic conditions, including in particular
economic conditions in the Allianz Group's core business and core
markets, (ii) performance of financial markets, including emerging
markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels,
(vi) the extent of credit defaults (vii) interest rate levels, (viii)
currency exchange rates including the Euro-U.S. Dollar exchange rate,
(ix) changing levels of competition, (x) changes in laws and
regulations, including monetary convergence and the European Monetary
Union, (xi) changes in the policies of central banks and/or foreign
governments, (xii) the impact of acquisitions, including related
integration issues, (xiii) reorganization measures and (xiv) general
competitive factors, in each case on a local, regional, national
and/or global basis. Many of these factors may be more likely to
occur, or more pronounced, as a result of terrorist activities and
their consequences. The matters discussed herein may also involve
risks and uncertainties described from time to time in Allianz AG's
filings with the U.S. Securities and Exchange Commission. The company
assumes no obligation to update any forward-looking information
contained herein.