SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER

                      PURSUANT TO RULE 13a-16 or 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                              For August 16th 2004

                         Commission File Number: 1-15154

                           ALLIANZ AKTIENGESELLSCHAFT

                               Koeniginstrasse 28
                                  80802 Munich
                                     Germany


Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                        Form 20-F | X |         Form 40-F |_|

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                        Yes |_|                  No | X |

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-13462) OF ALLIANZ
AKTIENGESELLSCHAFT AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT
IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY
FILED OR FURNISHED.



                              Allianz AG


   MUNICH, Germany--(BUSINESS WIRE)--Aug. 16, 2004--

Group Key Figures                           1.1.-30.6.04  1.1.-30.6.03

  Net income (1)(Mill. EUR)                         1,289        146
  Shareholders' equity (Bill. EUR)                 29.280        28.592 (2)

Key Figures by Lines of Business

Insurance   ( Bill. EUR)

  Statutory premiums(3)                           49.5         49.5
  Combined ratio (in %) (4)                       94.3         97.1

Banking(5) (Mill.EUR)

  Net revenues (6)                               3,302         3,514
  Net loan loss provisions                         217           699
  Administrative expenses                        2,676         2,860

Asset Management (Bill. EUR)

  Third party assets under management             599           565 (2)

(1) Profit after goodwill depreciation, taxes and minorities. (2) as of 31
December 2003 (3) Includes premiums from investment related products in life
insurance. (4) Property and Casualty (5) Dresdner Bank - contribution to banking
segment of Allianz Group (6) Net interest income and net fee and commission
income and net trading income.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements contained herein may be statements of future
expectations and other forward-looking statements that are based on management's
current views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in such statements. In addition to
statements which are forward-looking by reason of context, the words 'may, will,
should, expects, plans, intends, anticipates, believes, estimates, predicts,
potential, or continue' and similar expressions identify forward-looking
statements. Actual results, performance or events may differ materially from
those in such statements due to, without limitation, (i) general economic
conditions, including in particular economic conditions in the Allianz Group's
core business and core markets, (ii) performance of financial markets, including
emerging markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi) the
extent of credit defaults (vii) interest rate levels, (viii) currency exchange
rates including the Euro-U.S. dollar exchange rate, (ix) changing levels of
competition, (x) changes in laws and regulations, including monetary convergence
and the European Monetary Union, (xi) changes in the policies of central banks
and/or foreign governments, (xii) the impact of acquisitions, including related
integration issues, (xiii) reorganization measures and (xiv) general competitive
factors, in each case on a local, regional, national and/or global basis. Many
of these factors may be more likely to occur, or more pronounced, as a result of
terrorist activities and their consequences. The matters discussed herein may
also involve risks and uncertainties described from time to time in Allianz AG's
filings with the U.S. Securities and Exchange Commission. The company assumes no
obligation to update any forward-looking statement.

No duty to update
The company assumes no obligation to update any information contained herein.

   Short Name: Allianz AG
   Category Code: MSC
   Sequence Number: 23795
   Time of Receipt (offset from UTC): 20040816T064133+0100


    CONTACT: Allianz AG




                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                ALLIANZ AKTIENGESELLSCHAFT



                                By:/s/ Dr. Reinhard Preusche
                                   -------------------------
                                   Dr. Reinhard Preusche
                                   Group Compliance


                                By:/s/ Dr. Giovanni Salerno
                                   ------------------------
                                   Dr. Giovanni Salerno
                                   Group Compliance


Date:    August 16th 2004