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Investor Relations Release Munich , August 6 , 2021 oliver.schmidt@allianz.com reinhard.lahusen@allianz.com christian.lamprecht@allianz.com tobias.rupp@allianz.com investor.relations@allianz.com www.allianz.com/investor-relations Allianz +49 89 3800 3963 +49 89 3800 17224 +49 89 3800 3892 +49 89 3800 7151 Allianz stays well on course in second quarter 2021 • Total revenue growth of 10.9 percent in 2Q 2021 • 2Q 2021 operating profit of 3.3 billion euros • 2Q 2021 net income attributable to shareholders up 45.7 percent to 2.2 billion euros • 6M 2021 operating profit of 6.7 billion euros reaches 55 percent of full - year outlook midpoint • 6M 2021 net income attributable to shareholders increased 63.7 percent to 4.8 billion euros • Solvency II capitalization ratio of 206 percent¹ • 2021 operating profit outlook now expected to be in the upper half of the target range of 12 billion euros , plus or minus 1 billion euros² Management Summary : A strong quarter for all business segments Allianz Group has followed up its excellent start into 2021 with another strong performance in the second quarter of the year . With its diversified business portfolio , the Group benefited from the global economic recovery with strong growth in total revenues and operating profit ; net income attributable to shareholders also improved compared to the second quarter of the previous year . All three business segments showed healthy growth . Our Property - Casualty insurance proved its resilience while coping with substantial natural catastrophes . High demand for our Life / Health insurance products resulted in dynamic revenue growth , and our Asset Management business continued to grow and reached a new historic high in assets under management . Internal revenue growth , which adjusts for currency and consolidation effects , amounted to 12.6 percent in the second quarter of 2021 , mostly driven by our Life / Health business segment . Total revenues increased 10.9 ¹ Excluding the application of transitional measures for technical provisions . 2 As always , natural catastrophes and adverse developments in the capital markets , as well as factors stated in our cautionary note regarding forward - looking statements may severely affect the operating profit and / or net income of our operations and the results of the Allianz Group .