Allianz Life's Giulio Terzariol Named Twin Cities CFO of the Year Instrumental in Company Improving Financial Performance Business Wire MINNEAPOLIS -- November 19, 2013 Giulio Terzariol, Chief Financial Officer of Allianz Life Insurance Company of North America (Allianz Life), has been recognized as CFO of the Year for the Twin Cities area by the Minneapolis/St. Paul Business Journal. The peer-judged annual award honors “outstanding performance as corporate financial stewards” in seven categories. Terzariol was one of two honorees named in the public companies category. Terzariol’s work has been instrumental in boosting the solid financial foundation of Allianz Life. During his tenure as CFO since 2007, he and his team have executed changes to the company’s financial practices to improve the strength and stability of Allianz Life and its $100 billion life insurance portfolio. As evidence of this impact, Allianz Life maintained its strong ratings from the three key ratings agencies during the recent economic downturn of 2008 while most other insurers saw their ratings downgraded. “I am pleased to see Giulio honored for his outstanding contributions to our company and our policyholders,” said Allianz Life President and CEO Walter White. “With his help, Allianz Life steered through the financial crisis on a steady and stable course. His work has benefited both our employees and our customers and is a key reason why Allianz Life expects to see continued profit and balance sheet growth. We are also even better positioned to meet the life-long promises we make to our policyholders.” As CFO, Terzariol is involved in every substantive decision regarding the company and its strategy. He and his 150-strong team have implemented projects to improve the capital position of the company, restructured the risk management function and helped redesign all of the company’s major products to reduce risk and make the products more sustainable. He is personally active in numerous areas that do not at first appear finance-related such as performance optimization and diversity initiatives. “I am happy to accept this award on behalf of my entire team,” said Terzariol. “Working together, we have focused consistently and successfully on strengthening the company’s capital position and maintaining our strong ratings as an insurer.” About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2013, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities. Contact: Allianz Life Insurance Company of North America Media Contact: Sara Thurin Rollin, 763-765-6703 email@example.com
Allianz Life's Giulio Terzariol Named Twin Cities CFO of the Year
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