Remuneration of the Board of Management

The remuneration of the Management Board consists of the fixed remuneration, the annual bonus, a long-term, share-based compensation, and the contribution to the pension plan. 
The predominant part of the total target compensation is performance-related, with the share-based compensation being the most significant of all components. Together with other elements of the remuneration system such as the requirement to build up ownership in Allianz shares as well as malus and clawback, this ensures the alignment of the interests of the Board of Management and the shareholders.
Detailed information on the remuneration system of the Board of Management of Allianz SE can be found here: 
2025
The current remuneration system of the Board of Management of Allianz SE was approved by the Annual General Meeting on May 8, 2025, under Agenda Item 7 with a majority of 70.89%.
2021
The previous remuneration system of the Board of Management of Allianz SE was approved by the Annual General Meeting on May 5, 2021, under Agenda Item 5 with a majority of 87.14%.
The current Remuneration Report and the Remuneration Reports from previous years can be found here:
Structure and level of the Supervisory Board remuneration are approved by the Annual General Meeting and are governed by the Statutes.
The general objective for all Allianz remuneration structures is to offer competitive reward in terms of components, structures and levels.
The Allianz Group Annual Report is available as PDF and in the Allianz Investor Relations App.