B _ Corporate Governance Overview target achievement and variable remuneration for the financial year. The following table shows the amounts for annual payout and LTI- allocation resulting from the target achievement of the financial year as well as the target, minimum and maximum amount of the variable compensation components. Target achievement and variable remuneration of the members of the Board of Management for the financial year € thou (total might not sum up due to rounding) Target achievement Annual bonus LTI allocation1 Board member Group Target financial achieve- perfor- ment mance ICF factor Target Min Max Payout Target Min Max Allocation Active board members in 2021 % 0.8-1.2 % € thou € thou € thou € thou € thou € thou € thou € thou Oliver Bäte 2021 103.47 1.06 109.68 1,593 - 2,390 1,748 2,867 - 4,301 3,145 Appointed: 01/2008; CEO since 05/2015 2020 75.58 1.17 88.43 1,422 - 2,133 1,257 2,559 - 3,839 2,263 2019 108.72 1.13 122.85 1,422 - 2,133 1,747 2,559 - 3,839 3,144 Sergio Balbinot 2021 103.47 1.06 109.68 813 - 1,220 892 1,463 - 2,195 1,605 Appointed: 01/2015 2020 75.58 1.16 87.67 813 - 1,220 713 1,463 - 2,195 1,283 2019 108.72 1.11 120.68 813 - 1,220 981 1,463 - 2,195 1,766 Jacqueline Hunt 2021 103.47 0.80 82.78 813 - 1,220 673 1,463 - 2,195 1,211 07/2016 until 09/2021 2020 75.58 1.14 86.16 813 - 1,220 700 1,463 - 2,195 1,261 2019 108.72 1.10 119.59 813 - 1,220 972 1,463 - 2,195 1,750 Dr. Barbara Karuth-Zelle 2021 103.47 1.04 107.61 813 - 1,220 875 1,463 - 2,195 1,574 Appointed: 01/2021 2020 - - - - - - - - - - - 2019 - - - - - - - - - - - Dr. Klaus-Peter Röhler 2021 103.47 1.05 108.64 813 - 1,220 883 1,463 - 2,195 1,589 Appointed: 04/2020 2020 75.58 1.15 86.92 611 - 917 531 1,100 - 1,650 956 2019 - - - - - - - - - - - Ivan de la Sota 2021 103.47 0.98 101.40 813 - 1,220 824 1,463 - 2,195 1,483 Appointed: 04/2018 2020 75.58 1.11 83.89 813 - 1,220 682 1,463 - 2,195 1,227 2019 108.72 0.95 103.28 813 - 1,220 840 1,463 - 2,195 1,511 Giulio Terzariol 2021 103.47 1.04 107.61 813 - 1,220 875 1,463 - 2,195 1,574 Appointed: 01/2018 2020 75.58 1.14 86.16 813 - 1,220 700 1,463 - 2,195 1,261 2019 108.72 1.07 116.33 813 - 1,220 946 1,463 - 2,195 1,702 Dr. Günther Thallinger 2021 103.47 1.04 107.61 813 - 1,220 875 1,463 - 2,195 1,574 Appointed: 01/2017 2020 75.58 1.14 86.16 813 - 1,220 700 1,463 - 2,195 1,261 2019 108.72 1.07 116.33 813 - 1,220 946 1,463 - 2,195 1,702 Christopher Townsend 2021 103.47 1.04 107.61 813 - 1,220 875 1,463 - 2,195 1,574 Appointed: 01/2021 2020 - - - - - - - - - - - 2019 - - - - - - - - - - - Renate Wagner 2021 103.47 1.05 108.64 813 - 1,220 883 1,463 - 2,195 1,589 Appointed: 01/2020 2020 75.58 1.14 86.16 813 - 1,220 700 1,463 - 2,195 1,261 2019 - - - - - - - - - - - Dr. Andreas Wimmer2 2021 103.47 1.00 103.47 205 - 308 226 369 - 554 407 Appointed: 10/2021 2020 - - - - - - - - - - - 2019 - - - - - - - - - - - 1_Derived by multiplying the LTI target amount by the total target achievement factor. 2_Annual bonus and LTI allocation pro rata for three months. Payout determined using the weighted average of the target achievement of Allianz Lebensversicherungs-AG (126.5 %: 110 % company target achievement and 1.15 ICF) with a weighting of 30 % and the Allianz SE target achievement with a weighting of 70 %. 40 Annual Report 2021 − Allianz Group