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Evr2008
The document provides an overview of Allianz Group's market consistent embedded value (MCEV) results as of December 31, 2008. Key highlights include: 1) Total MCEV was EUR 12,545 million, a 43% decrease from 2007, driven largely by the economic crisis which lowered equity values and interest rates. 2) Net asset value increased 5% to EUR 9,884 million due to a 44% rise in required capital. 3) Value of in-force business fell 79% to EUR 2,662 million as profit projections declined and costs of options and guarantees increased in a low interest rate environment.
