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Allianz SE
ISIN: DE0008404005
WKN: 840400
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Allianz SE · ISIN: DE0008404005 · EQS - adhoc news (33 News)
Country: Germany · Primary market: Germany · EQS NID: 1843433
22 February 2024 07:56PM

Share buy-back program with a volume of up to 1 billion euros and amendment of the dividend policy of Allianz S


EQS-Ad-hoc: Allianz SE / Key word(s): Dividend/Share Buyback
Allianz SE: Share buy-back program with a volume of up to 1 billion euros and amendment of the dividend policy of Allianz S

22-Feb-2024 / 19:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Allianz SE today has resolved on a new share buy-back program. The volume of such new program will amount to up to 1 billion euros. The program shall start in early March 2024 and be finalized by December 31, 2024, at the latest. Allianz SE will cancel all repurchased shares.

Allianz SE today further decided on the amendment of the dividend policy:

Allianz SE strives to offer attractive dividends to its shareholders. The framework for this is determined by our net income and the need for an adequate capitalization.

  • The regular pay-out is increased from 50 % to 60 % of Allianz Group net income (attributable to shareholders), adjusted for extraordinary and volatile items, e.g. amortization of intangible assets from business combinations, interest expenses from RT1 bonds, gains and losses from sale of operations, and non-operating market movements.
     
  • In the interest of an attractive dividend policy, the further objective is to pay a dividend per share of at least the amount of the previous year.
     
  • The dividend policy is subject to a sustainable Solvency II capitalization ratio of above 150 % (excluding transitional measures).
     
  • The amended dividend policy shall already apply to the dividend for the fiscal year 2023. The Management Board therefore proposes to increase the dividend from Euro 11.40 (previous financial year) to Euro 13.80 for the fiscal year 2023 per share entitled to a dividend.

Please note: This dividend policy represents the current intention of the Board of Management and the Supervisory Board and may be revised in the future. Also, the dividend payment in any given year is subject to specific dividend proposals by the Board of Management and the Supervisory Board, each of which may elect to deviate from this dividend policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.


Person making the notification: Michael Sieburg, Compliance Officer, Allianz SE

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



End of Inside Information

Information and Explanation of the Issuer to this announcement:

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.

Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

Privacy Note 

Allianz SE is committed to protecting your personal data. Find out more in our privacy statement. 


22-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Allianz SE
Koeniginstr. 28
80802 Munich
Germany
Phone: +49 (0)89 38 00 - 7555
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1843433

 
End of Announcement EQS News Service

1843433  22-Feb-2024 CET/CEST

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