Conference Call Participants
Michael Huttner – Joh. Berenberg, Gossler & Co. KG, Research Division
Andrew Baker – Goldman Sachs Group, Inc., Research Division
Fahad Changazi – Kepler Cheuvreux, Research Division
Vinit Malhotra – Mediobanca – Banca di credito finanziario S.p.A., Research Division
William Hawkins – Keefe, Bruyette, & Woods, Inc., Research Division
Andrew Crean – Bernstein Autonomous LLP
Iain Pearce – BNP Paribas, Research Division
Henry Heathfield – Morningstar Inc., Research Division
Benjamin Cohen – RBC Capital Markets, Research Division
William Hardcastle – UBS Investment Bank, Research Division
Presentation
Andrew Ritchie
Head of Investor Relations
Ladies and gentlemen, welcome to the Allianz conference call on the Allianz Group Financial Results for the Second Quarter and First Half of 2026. For your information, this conference call is being streamed live on allianz.com and YouTube. A recording will be made available shortly after the call. At this time, I would like to turn over the call to your host today, Oliver Bate, Chief Executive Officer of Allianz SE. Please go ahead, Oliver.
Oliver Bate
Chairman of the Management Board & CEO
Thank you, Andrew, and thank you, investors, for taking interest. I know you had a couple of calls already, so we are trying to keep it mercifully short and focused in order to make sure we make the best out of your time. So Page A2 is where I would like to start. Just as context and that you’re all aware of, we are in a very volatile environment, not just geopolitical tensions, but also enormous nervousness, investor nervousness around who’s going to win and lose from AI, including the people that are actually spending hundreds of billions on building AI infrastructure.
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