Allianz SE launches share buy-back with a volume of up to 3 billion euros
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Allianz SE has decided to launch a share buy-back program with a volume of up to 3 billion euros as part of a previously announced plan to return unused capital from the Group’s external growth budget from the period 2014 to 2016.
Munich, Feb 16, 2017
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.
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We will regularly inform you about the progress of the share buy-back program on this website: