Allianz Investor Relations
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Munich, Feb 16, 2017 | 6:53 pm
The buy-back program is envisaged to start on February 17, 2017, and to last no longer than 12 months. Allianz SE will cancel all repurchased shares.
The full implementation of the share buy-back program as scheduled is subject to maintaining a sustainable Solvency II ratio above 160 percent.
Furthermore, the Board of Management and the Supervisory Board have decided to simplify Group capital management to make it more flexible. Going forward, Allianz will return capital to its shareholders on a flexible basis, rather than following a formulaic approach. Return of capital to shareholders will no longer be coupled to the unused budget for external growth and a three-year timeframe.