Allianz SE Annual Shareholders Meeting Transcript

May 04, 2022 / 08:00AM GMT
Michael Diekmann -

Good morning, ladies and gentlemen. As the Chairman of the Supervisory Board, I hereby open the Annual General Meeting 2022 of Allianz SE. Dear shareholders, on behalf of the entire Supervisory Board, I would like to welcome you to our Annual General Meeting, which due to circumstances related to the pandemic at the time of the decision to convene is this year again being held virtually.

In order to improve the quality of our dialogue with you, the management Board has made some changes compared to last year's format. For example, video statements could be submitted in advance and these will be played back during the meeting today. There will also be an opportunity to submit follow-up questions on questions submitted in advance, and I will give more details on this later.

Before I present my report, I would like to make a few preliminary remarks. We are now in the third year of the pandemic already, and it's been a real roller coaster with hopes for a return to normalcy, followed by disappointments with the arrival of new infection waves. The development of inflation and

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