Allianz SE (ALIZF) This fall 2022 Earnings Name Transcript

Allianz SE (OTCPK:ALIZF) This fall 2022 Outcomes Earnings Convention Name February 17, 2023 8:30 AM ET

Firm Contributors

Oliver Schmidt – Head of Investor Relations

Oliver Bäte – Chief Government Officer

Giulio Terzariol – Chief Monetary Officer

Convention Name Contributors

Peter Eliot – Kepler Cheuvreux

Michael Huttner – Berenberg

Andrew Ritchie – Autonomous

William Hawkins – Keefe, Bruyette & Woods

Vinit Malhotra – Mediobanca

Will Hardcastle – UBS

Thomas Fossard – HSBC

Dominic O’Mahony – BNP Paribas Exane

Oliver Schmidt

Good afternoon, everyone, and welcome to the Allianz Convention Name on the Monetary Outcomes of the 12 months 2022. Earlier than we begin the decision, let me do the same old housekeeping and remind you that this convention name is being streamed reside on and YouTube, and {that a} recording will probably be made obtainable shortly after the decision. [Operator Instructions].

Alright, that was all from my aspect for now. And with that, I flip the decision over to our CEO, Oliver Bäte.

Oliver Bäte

Howdy, everyone. Thanks for becoming a member of Friday afternoon for some folks’s already weekend. So we’re blissful to have you ever with us. I am simply going to report in about 10 slides for the abstract of the 12 months and Giulio will, in his standard high quality, handle all of your questions and provide you with some extra insights.

So we had a really sturdy 12 months given 3the atmosphere and revenues and revenue at all-time excessive, €14.2 billion. And that is already conservative as we’ll talk about a bit of later. So, rather more than I’d have anticipated in the course of the 12 months. And it exhibits actually the resilience of the franchise.

What’s extra necessary is the underlying drivers of resilience is competitiveness. And one of many issues that we have been speaking about for a very long time is can we are able to create constant enhancements throughout