Independent Practitioner’s Report on a Limited Assurance Engagement on Sustainability Information Independent Practitioner’s Report on a Limited Assurance Engagement on Sustainability Information To Allianz SE, Munich We have performed a limited assurance engagement on the determination of the quantitative disclosures denoted with ‘√’ and on the qualitative disclosures denoted with ‘#’ in the ‘Allianz Tax Transparency Report 2021’ of Allianz SE, Munich (hereinafter ‘the Company’), for the period from 1 January to 31 December 2021 (hereinafter the ‘Report’). Our engagement in this context relates solely to the disclosures denoted with the symbol ‘√’ and ‘#’. Responsibilities of the Executive Directors The executive directors of the Company are responsible for the preparation of the Report in accordance with the principles stated in the Sustainability Reporting Standards of the Global Reporting Initiative relevant for tax transparency reporting (hereinafter the ‘relevant GRI-Criteria’) and for the selection of the disclosures to be evaluated. This responsibility of Company’s executive directors includes the selection and application of appropriate methods of tax transparency reporting as well as making assumptions and estimates related to individual tax transparency disclosures, which are reasonable in the circumstances. Furthermore, the executive directors are responsible for such internal controls as they have considered necessary to enable the preparation of a Report that is free from material misstatement whether due to fraud or error. Independence and Quality Control of the Audit Firm We have complied with the German professional provisions regarding independence as well as other ethical requirements. Our audit firm applies the national legal requirements and professional standards – in particular the Professional Code for German Public Auditors and German Chartered Auditors (‘Berufssatzung für Wirtschaftsprüfer und vereidigte Buchprüfer’: ‘BS WP/vBP’) as well as the Standard on Quality Control 1 published by the Institut der Wirtschaftsprüfer (Institute of Public Auditors in Germany; IDW): Requirements to quality control for audit firms (IDW Qualitätssicherungsstandard 1: Anforderungen an die Qualitätssicherung in der Wirtschaftsprüferpraxis - IDW QS 1) – and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. Practitioner ́s Responsibility Our responsibility is to express a limited assurance conclusion on the determination of the quantitative disclosures denoted with ‘√’ and on the qualitative disclosures denoted with ‘#’ in the Report based on the assurance engagement we have performed. Within the scope of our engagement we did not evaluate the financial information underlying the quantitative disclosures in the Report or perform an audit on external sources of information or expert opinions, referred to in the Report. We conducted our assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised): Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the IAASB. This Standard requires that we plan and perform the assurance engagement to allow us to conclude with limited assurance that nothing has come to our attention that causes us to believe that: • the quantitative disclosures denoted with ‘√’ in the Company’s Report for the period from 1 January to 31 December 2021 have not been derived from the statutory consolidated financial statements (International Financial Reporting Standards (IFRS)) of the Company for the period from 1 January to 31 December 2021 and the underlying bookkeeping system or have not been calculated in accordance with the relevant GRI-criteria, or • the qualitative disclosures denoted with ‘#’ in the Company’s Report for the period from 1 January to 31 December 2021 have not been prepared, in all material aspects, in accordance with the relevant GRI-Criteria. In a limited assurance engagement the assurance procedures are less in extent than for a reasonable assurance engagement and therefore a substantially lower level of assurance is obtained. The assurance procedures selected depend on the practitioner’s judgment. Within the scope of our assurance engagement, we performed amongst others the following assurance procedures and further activities: • Obtaining an understanding of the structure of the sustainability organization and of the stakeholder engagement. • Inquiries of personnel involved in the preparation of the Report regarding the preparation process, the internal control system relating to this process and selected disclosures in the Report. • Identification of the likely risks of material misstatement of the Report under consideration of the relevant GRI-Criteria. • Comparison of the financial information underlying the quantitative disclosures denoted with ‘√’ in the Report with the statutory consolidated financial statements (International Financial Reporting Standards (IFRS)) of the Company for the period from 1 January to 31 December 2021 and the underlying bookkeeping system. • Examination whether the quantitative disclosures denoted with ‘√’ in the Report have been calculated on the basis of the financial information derived from the statutory consolidated financial statements (International Financial Reporting Standards (IFRS)) of the Company for the period from 1 January to 31 December 2021 and the underlying bookkeeping system in accordance with the relevant GRI-criteria. • Evaluation whether the qualitative disclosures denoted with ‘#’ in Report have been prepared in accordance with the relevant GRI-Criteria. • Analytical evaluation of selected disclosures in the Report. • Comparison of selected disclosures with corresponding data in the consolidated financial statements and in the group management report. • Evaluation of the presentation of the selected disclosures regarding tax transparency performance. 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