Allianz Life Taps New Vice President for Life Distribution.

MINNEAPOLIS -- Allianz Life Insurance Company of North America (Allianz Life(R)) has named Jeffrey (Jeff) Suyematsu, Vice President of Life Distribution for the Allianz Individual Insurance Group, LLC, a division of Allianz Life. In this position, Suyematsu is responsible for developing a strategic plan for marketing a new line of traditional and equity-linked life insurance products.

Suyematsu brings broad-based life insurance and investment experience to Allianz Life. Prior to joining Allianz Life, he spent more than 25 years at the Prudential Insurance Company. There he progressed through a series of executive management positions in many of the company's subsidiaries including its investments, mutual fund and brokerage operations. In his last role as Vice President, Senior Coordinator, he helped the investments division achieve record sales growth and profitability, led his region to rank #1 in sales performance and asset protection, and contributed to the design and development of new annuity products for the company.

Suyematsu will drive Allianz Life - the nation's leading provider of equity index annuities since 2000(1) - to a leading position in the life insurance market. "There are enormous opportunities for growth with equity-linked insurance products," said Jeff Suyematsu. "Allianz Life has the competitive edge because of its reputation as an industry leader, and there isn't another company out there as well positioned to enter this market category."

Suyematsu earned a bachelor's of science degree in Business Management from the University of Massachusetts. He holds NASD Series 6, 7, 22, 63 and 65 licenses and is a member of the Financial Planning Association and the National Association of Securities Dealers.

(1) Source: Advantage Compendium, LTD, for sales years 2000 through third quarter 2004.

About Allianz Life

Allianz Life Insurance Company of North America (Allianz Life(R)) is a leading provider of fixed and variable annuities and life policies, as well as long term care products, in the U.S. Allianz Life is also a major provider of health excess of loss services and the Allianz LifeTrac(SM) Transplant Network. Allianz Life is one of the primary companies of the Allianz Group - the third largest public financial company in the world (Wall Street Journal, September 21, 2003). Allianz Group is represented with 700 subsidiaries in over 70 countries around the globe, and employs 180,000 people worldwide. Founded in 1896, Allianz Life is based in Minneapolis, Minnesota.

Cautionary Note Regarding Forward-Looking Statements.

Certain 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.