DGAP-Ad-hoc: Allianz SE / Key word(s): Bond 
Allianz SE: Allianz SE resolves to call subordinated bonds for redemption in March 2021 (ISIN DE000A0GNPZ3 and ISIN 
XS0857872500) 
18-Jan-2021 / 21:28 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Today, the board of management of Allianz SE resolved to call for redemption 
1. the EUR 800,000,000 5.375% Undated Subordinated Fixed Rate Callable Bonds issued by Allianz Finance II B.V. in 2006 
(ISIN: DE000A0GNPZ3, WKN: A0GNPZ, Common Code: 024513742), guaranteed on a subordinated basis by Allianz SE (the "2006 
Bonds"); and 
2. the USUSD 1,000,000,000 5.5% Undated Subordinated Notes issued by Allianz SE in 2012 (ISIN: XS0857872500, WKN: A1R0S6, 
Common Code: 085787250) (the "2012 Notes"). 
Allianz Finance II B.V. will exercise the call right in respect of its 2006 Bonds by giving notice in accordance with 
the terms and conditions of the 2006 Bonds which will be published separately. Following the exercise of its call 
right, and subject to the conditions to redemption provided for in the terms and conditions of the 2006 Bonds, Allianz 
Finance II B.V. will redeem the 2006 Bonds at par plus accrued interest on 3 March 2021 in accordance with the terms 
and conditions of the 2006 Bonds. 
Allianz SE will exercise the call right in respect of the 2012 Notes by giving notice in accordance with the terms and 
conditions of the 2012 Notes which will be published separately. Following the exercise of its call right, and subject 
to the conditions to redemption provided for in the terms and conditions of the 2012 Notes, Allianz SE will redeem the 
2012 Notes at par plus accrued interest on 26 March 2021 in accordance with the terms 
and conditions of the 2012 Notes. 
Person making the notification: Michael Sieburg, Compliance Officer, Allianz SE 
These assessments are, as always, subject to the disclaimer provided below. 
 
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Information and Explanation of the Issuer to this News: 
Cautionary note regarding forward-looking statements 
This document includes forward-looking statements, such as prospects or expectations, that are based on management's 
current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance 
figures, or events may differ significantly from those expressed or implied in such forward-looking statements. 
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic 
and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial 
markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured 
loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality 
and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of 
credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, 
(ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related 
integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual 
case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist 
activities. 
No duty to update 
The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save 
for any information we are required to disclose by law. 
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18-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Allianz SE 
              Königinstr. 28 
              80802 München 
              Germany 
Phone:        +49 (0)89 38 00 - 7555 
E-mail:       investor.relations@allianz.com 
Internet:     www.allianz.com 
ISIN:         DE0008404005, XS0857872500 
WKN:          840400, A1R0S6 
Indices:      DAX-30, EURO STOXX 50 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; 
              Regulated Unofficial Market in Tradegate Exchange 
EQS News ID:  1161461 
 
End of Announcement  DGAP News Service 
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1161461 18-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 18, 2021 15:29 ET (20:29 GMT)