1. Allianz Quick Overview
Offer in a nutshell: We have the right care for everyone
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

2. Allianz Background Employees 144,094 Sales $140.25 B History
History
Diversified Insurance company
The Company operates following business segments:
Insurance Operations: Property-Casualty, Life/Health
Investment products for private, as well as corporate clients
Asset Management: third-party investors and the Company's group insurance operations, Equity, Fixed-Income, Alternatives and Solutions product groups.   
Founded 1890 – transport & accident insurance
1973 – International growth
1998-Global asset management
2000-joins NYSE
Allianz Global Assistance is competition with worldwide presence (70 countries) including North America
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

3. Allianz Products & Services
Primary Products & Services
Property & casualty insurance
Life & health insurance
Asset management
Private Insurance
Family
Health
Car & motorbike
House & Home
Retirement planning
Business Insurance
Large Corporations
Small and medium-sized companies
Credit insurance
Asset Management
Fixed income products
Stocks & commodities
Multi-asset & absolute return
Global Lines of Business
Reinsurance
Employee benefits
Company health insurance
Direct insurance
Life insurance
Real estate
Internal shared services
Assistance Services
Allianz Global Assistance profile
Automotive
Travel
Health & life
Banks, finance & insurance
Property
Sustainable Solutions
Micro insurance
Insurances & services
Investment & other products
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

4. Allianz Reach Geographic Operations 70 countries Australia Belgium
Bulgaria
Canada
Germany
India[
Indonesia
Italy
Pakistan
Slovakia
United Kingdom
United States
Customers/Demographics
76 million customers
160 countries
Offices & selected network partners
Subsidiaries:
Allianz France
Allianz Global Investors
Allianz Insurance plc.
Allianz Global Corporate and Specialty
Allianz Life
Fireman's Fund
Club Marine
Hunter Premium Funding
Allianz Marine & Transit
Mondial
PIMCO
Targeted Biz Sectors
Aerospace & defense
Automotive Sector
Aviation
Building & Construction
Chemicals & Petrochemicals
Financial Services
Food & Beverage
Healthcare
Heavy Industry
Manufacturing
Marine
Oil & Gas
Pharmaceuticals
Power & Utilities
Professional Services
Real Estate
Renewable Energy
Retail
Technology
Telecoms & Media
Textiles Sector
Transport & Logistics
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

5. Allianz Core Strategies
1. Profitable and sustainable growth
We seek profitable and sustainable growth in our three business segments: Property-Casualty insurance, Life/ Health insurance, and Asset Management.
2. Well-balanced and synergetic business portfolio
Our segments and operating entities complement and enrich each other, primarily by serving the diverse needs of our customers. We exploit the group-wide synergies that stem from our strong brand, our capital allocation, functional and industry best practices, as well as from shared operations and joint investments in technology.
3. Strong capitalization
We strive to protect the capital of our investors and to support our businesses with sufficient capital to withstand shocks and to protect the wellbeing of our customers.
4. World-class investment management
Qualitative growth and solid capitalization depend on a sound and sustainable investment strategy that can generate stable returns and compensate, if necessary, for low interest rates or looming inflation.
5. State-of-the-art risk framework
Through our risk policies, guidelines and systems we ensure that our investment, underwriting and operational decisions are made within the limits of our carefully defined appetite and tolerance for foreseeable risks.
Value Proposition
Leading Property and Casualty insurer globally
Top 5 in Life insurance business globally
Worldwide leader in credit insurance
One of the leading Asset Managers globally
Strong ratings
Standard & Poor’s AA
Moody’s Aa3
A.M. Best A+
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

6. Allianz 5 Drivers Relationship to the 5 Drivers Cash: $15.46B
Profit: $8.754B
Assets: $981.9B
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

7. Allianz Financial Performance
Cigna
INCOME STMT
Total Revenue
$ ,954
$ ,380
Total Expenses
$ ,645
$ ,204
Income before taxes
$ ,309
$ ,176
Net Income
$ ,755
$ ,478
Diluted $ $
BALANCE SHEET
Assets
$ ,911
$ ,336
Liabilities
$ ,980
$ ,659
Equity
$ ,932
$ ,567
CASH FLOWS
Net Cash from Operating Activities
$ ,070 $
Net Cash from Investing Activities
$ (31,467) $
Net Cash provided by Financing Activity
$ (1,980)
$ (930)
Change in foreign currency
$ (320) $
Cash at beginning of year
$ ,163
$ ,978
Cash end of year
$ ,466
$ ,795
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

8. Allianz Strengths & Weakness
According to Standard & Poor’s 500, their Financial Strength Rating raised to A+ Stable, previously from a Stable A.
In April 2014, Allianz expanded to Canada, targeting the Energy Industry, which is protection for the energy and mining industries. This is a growth market for them, since many of the oil and gas exploration companies are cash rich. Allianz is dropping down into the middle-market segment to reach the majority of the Canadian market. Currently, their Canadian clients include Air Canada & Bombardier, Inc.
Allianz is penetrating the data theft industry, by launching their new product, Cyber Protect. It will provide insurance for corporations against data theft.
Allianz is operational in 70 countries and has 76 million customers.
Allianz, as a company, has comprehensive offerings to customers for all parts of the life stages.
Weaknesses:
Allianz global value proposition statement shows that they are financially and business focused vs. how Cigna communicates the customers health and well-being as the priority.
Allianz are heavily impacted by natural disasters due to their financial services industry focus.
Increased insurance fraud, specifically in the financial services industry.
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna

9. Allianz Key Considerations
What 2-3 Key things do we know and do concerning Allianz?
While they are strongly focused in financial services they have a toe in health/wellness products, in many of the same markets we play in globally.
Large geographic presence
Good financial stability
Confidential, unpublished property of Cigna. Do not duplicate or distribute. Use and distribution limited solely to authorized personnel. © 2011 Cigna