par Allianz GI FR (isin : ISSUER000140)
EQS-Adhoc: Allianz SE: Amendment to Dividend Policy
EQS-Ad-hoc: Allianz SE / Key word(s): Dividend
Allianz SE: Amendment to Dividend Policy
09-Dec-2024 / 19:35 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 decided to amend its Dividend Policy and convert it into a broader Capital Management Policy. The framework for this policy is determined by our net income and the need for an adequate capitalization.
- The regular dividend payout is maintained at 60% of the 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 payout policy, the further objective is maintained to pay a dividend per share of at least the amount of the previous year.
- Further, Allianz will additionally return to its shareholders on average a minimum of 15% of Allianz Group Net Income (attributable to shareholders) as defined above (e.g. through share buy-backs) in the years 2025-27.
Please note:
- This Capital Management Policy represents the current intention of the Board of Management and of the Supervisory Board and may be revised in the future.
- The policy is subject to the absence of a significant earnings or capital event. Board of Management discretion includes taking into account Allianz Group’s earnings, financial condition, applicable capital and solvency requirements such as a Solvency II capitalization ratio of above 150%, prevailing operating and financial market conditions and general economic environment. Under given circumstances the additional payout can also exceed the minimum ratio of 15%.
- Further, 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 payout 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.
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| 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: | 2047369 |
| End of Announcement | EQS News Service |
2047369 09-Dec-2024 CET/CEST