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 May 16, 2003

                         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IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY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.



                                   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:      May 16, 2003



Interim Results

    MUNICH, Germany--(BUSINESS WIRE)--May 16, 2003--

Group Key Figures (in mio. Euro)       1.Quarter 2002      1.Quarter 2003

Net income (1)                             1,931                -520
Shareholders' equity                       32,9                 19,7
Key Figures by Lines of Business
  Insurance
Statutory Premiums (2)                      22,8                25,1
Combined ratio (3)                         103,4                97,7
Banking
Net revenues (4)                           2,006               2,003
Net loan loss provisions                    -332                -355
Administrative Expenses                   -1,771              -1,579
Asset Management
Third party assets under management(5)       642                 553

(1) Profit after goodwill depreciation, taxes and minorities
(2) Includes premiums from investment-oriented products in life
insurance
(3) Property & Casualty
(4) Net interest income and net fee and commission income and net
trading income
(5) Asset management without unit linked business

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
information contained herein.

   Short Name: Allianz AG
   Category Code: IR
   Sequence Number: 00004891
   Time of Receipt (offset from UTC): 20030516T065817+0100

    CONTACT: Allianz AG