B. GROUP FINANCIAL RESULTS 2021 AM: total AuM increase 9% to EUR 2.6tn Comments • Total AuM up 9% • Investment outperformance Increase due to 15% higher 3rd party assets; AM segment: 91% of 3rd party AuM outperform EUR 110bn 3rd party net inflows as the largest driver, benchmarks on a trailing 3-year basis before fees. followed by EUR 103bn positive F/X impact on total • Alternatives AuM. Total alternative AuM including Allianz assets Decrease of Allianz Group assets reflects reclassification increase by 27% from EUR 182bn end of 2020 to of own AuM to 3rd party AuM due to U.S. life reinsurance EUR 230bn end of 2021, benefitting from EUR 22bn transaction in 4Q 2021. total net inflows. 3rd party alternative AuM rose by Total AuM up by 2%/3rd party AuM up by 5% since end 58% to EUR 73bn. of 3Q 2021. 48 B 30