Allianz Life(R) Acknowledges Latino Youth Achievers as Sponsor of the Hispanic Heritage...

Allianz Life(R) Acknowledges Latino Youth Achievers as Sponsor of the Hispanic Heritage Foundation

Financial Services Company Provides Winners with Unique Recognition


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Washington, DC–(HISPANIC PR WIRE)–June 22, 2005–Allianz Life Insurance Company of North America (Allianz Life(R)) announced today a special contribution for the six national winners of the Hispanic Heritage Youth Awards. As an official sponsor of the Hispanic Heritage Foundation, Allianz Life has been an active participant in the Foundation’s Hispanic Heritage Youth Awards Program. The program recognizes excellence in academics, sports, journalism, healthcare, engineering and mathematics, and community service in high school seniors in 12 regions across the country.

“Allianz Life supports the Hispanic Heritage Foundation’s efforts to promote Hispanic pride, culture and accomplishment through comprehensive programs that educate, enlighten and inspire,” said Mark Zesbaugh, Allianz Life president/CEO. “Through this partnership, we hope to mirror these efforts by providing Hispanic youth with the knowledge for a sound financial future.”

The special contribution to the national winners will consist of an all-expense paid trip to New York City, the financial capital of the United States. The trip includes visits to major cultural and financial landmarks such as the New York Stock Exchange and the financial district. Educational workshops lead by Allianz Life representatives will provide winners with effective financial planning information and cover such topics as personal finances, basic saving and investing, and long-term saving and care.

“Allianz Life embraces the importance of reaching an increasingly diverse world with messages about financial security,” said Jose Antonio Tijerino, president and CEO of the Hispanic Heritage Foundation. “We are pleased to have such a committed new partner.”

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America (Allianz Life) 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. Allianz Life is one of the primary companies of the Allianz Group – the 11th largest corporation in the world (Fortune, July 2004). Allianz Group is represented with 700 subsidiaries in over 70 countries around the globe, and employs over 162,000 people worldwide. Founded in 1896, Allianz Life is based in Minneapolis, Minnesota.

About the Hispanic Heritage Foundation

The Hispanic Heritage Foundation celebrates and promotes Hispanic pride, culture and accomplishment through educational and inspirational programs. In 19 years, the Washington-based nonprofit has grown from a small photo-op at the White House commemorating Hispanic Heritage Month into a highly-respected organization with year-round programs including: the Hispanic Heritage Awards, which honors six notable Hispanic leaders during a star-studded ceremony broadcast nationally on NBC; the Hispanic Heritage Youth Awards, a leadership program recognizing outstanding young Hispanic role models by rewarding them with thousands of dollars in educational grants; and the new LOFT (Latinos on Fast Track) initiative which systematically provides corporate America with top Hispanic talent, using the Youth Awards as a feeder program, in an effort to bolster and diversify the workforce, with a focus on a management track. For more information please visit http://www.HispanicHeritage.org.

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CONTACT:

Esther Rege

(202) 210-8469

or

Laura Bohorquez

(212) 500-9451

or

Suzette Wolding

(763) 765-5829

Allianz Life(R) Acknowledges Latino Youth Achievers as Sponsor of the Hispanic Heritage Foundation