Allianz and Banco Santander to resolve Allianz Popular bancassurance partnership in life insurance, pensions, asset management, and non-life insurance in Spain
Banco Santander to pay 936.5 million euros to acquire Allianz’s 60 percent stake in joint venture Allianz Popular SL and for termination of exclusive non-life insurance distribution agreement
Transaction is subject to regulatory approvals and expected to be completed in 1Q 2020
Allianz UK to acquire 100 percent of Legal & General Insurance Limited, the general insurance business of Legal & General Group Plc for £242 million. The transaction is subject to regulatory approvals.
Allianz UK to buy out the remaining 51 percent stake in LV General Insurance Group (LV GIG) for up to £578 million from Liverpool Victoria Friendly Society (LVFS).
Allianz SE calls for redemption in whole the CHF 500,000,000 3.25% Undated Subordinated Resettable Fixed Rate Notes of 2014 (ISIN: CH0234833371, Valor: 23.483.337) effective July 4, 2019.
2018 operating profit of 11.5 billion euros in the upper end of our 2018 target range
2018 net income attributable to shareholders grew 9.7 percent to 7.5 billion euros
Solvency II capitalization ratio of 229 percent at end-2018, unchanged compared to end-2017
Board of Management proposes a dividend of 9 euros per share, up 12.5 percent
Renewal Agenda 1.0 successfully implemented
Operating profit target for 2019 is 11.5 billion euros, plus or minus 500 million euros, barring unforeseen events
4Q 2018 internal revenue growth of 4.4 percent, 4Q 2018 operating profit up 0.4 percent to 2.8 billion euros; 4Q 2018 net income attributable to shareholders up 18.9 percent to 1.7 billion euros
New share buy-back program of up to 1.5 billion euros announced
