B. GROUP FINANCIAL RESULTS 2021 AM: 14% revenue growth Comments • Segment revenues – up 14% • 3rd party AuM margin – stable Significant revenue increase by EUR 1.0bn due to rising Segment and PIMCO margins stable, AllianzGI margin AuMdriven fees (∆ EUR 814mn/+12%) following higher slightly down by 0.9bps to 46.7bps e.g. due to a average 3rd party AuM (+10%). EUR 178mn AuM driven change in distribution fee structures. revenues from Allianz Real Estate, which was not included in 1Q-3Q 2020 (4Q 2020: EUR 44mn). Strong level of performance fees (EUR 633mn, ∆ EUR 232mn/+58%). 4Q 2021 particularly strong compared to 4Q 2020: EUR 2.5bn operating revenues (+19%), EUR 2.1bn AuM driven revenues (+16%), EUR 370mn performance fees (+45%). 52 B 34