ADDITIONAL INFORMATION Alternative asset quota of 25% Total Current volume (EUR bn) Average EUR 849bn1 expected return 3 Real estate 59.5 3-6% Infrastructure equity • Current yield: 5.3% 12.6 5-8% • 63% real estate Renewable energy 4.1 93.9 3-6% • EUR 26.1bn gross Allianz 2 11% Private equity 17.7 Total unrealized gains/losses Investment 9-12% 1 universe 2 14% Non-commercial mortgages 34.6 1-2% • Current yield: 3.2% Commercial mortgages 30.1 1.5-3.0% • 55% real estate related Infrastructure debt .2 • EUR 8.1bn gross 20.8 1.5-3.0% unrealized gains/losses Private placements 21.6 118 1-2% • 82% investment grade Alternative equity Other4 • Vast majority LTV largely Alternative debt 11.2 Total 4-7% <65% Total 212.1 176.5 1) Based on economic view. Compared to accounting view it reflects a volume increase due to switch from book to market values and changed asset scope (e.g. including FVO, trading and real estate own-use) 2) Alternative equity denoted in market value, alternative debt in book value 3) Market value of real estate assets including EUR 34.1bn directly held real estate assets (e.g., held for investment, held for own use) and EUR 25.4bn indirectly held real estate assets (e.g., associates and joint ventures, available-for-sale investments). Including minorities on directly held real estate assets (EUR 1.0bn). Associates and joint ventures as well as available-for-sale indirectly held real estate investments are also part of the equity portfolio and fixed income portfolio 68 4) Including distressed assets and middle market lending B 50