Allianz CFO on Earnings, Pimco, Business Strategy

The transcript discusses the growth in the property casualty sector, noting a positive momentum despite higher losses in 2018 compared to 2017. It addresses the impact of the European heat wave on claims, indicating no significant concerns. The performance of asset management, particularly PIMCO, is analyzed, highlighting strong inflows and operating profit. The discussion on acquisitions reveals a focus on property casualty and efficient capital deployment, with a strategic interest in combining insurance with services.

What was the growth rate in property casualty for the second quarter of 2018?

• 7%

• 8%

• 6%

• 5%

How did the heat wave across Europe affect Allianz's loss ratio?

• It caused a moderate increase in the loss ratio.

• It slightly decreased the loss ratio.

• It had no expected impact on the loss ratio.

• It significantly increased the loss ratio.

What was the net inflow for PIMCO over the six months?

• €8 billion

• €10 billion

• €11 billion

• €9 billion

By what percentage did PIMCO's operating profit increase, adjusted for FX?

• 10%

• 15%

• 20%

• 25%

What recent acquisition did Allianz announce?

• A repair service provider

• A real estate firm

• A technology startup

• A financial consultancy

Which area is Allianz primarily focusing on for acquisitions?

• Retail banking

• Life insurance

• Property casualty

• Health insurance

What geographical gap does Allianz identify as challenging to close?

• Africa

• United States

• South America

• Asia