Building on the success of its outperforming ‘Renewal Agenda’ blueprint, Allianz today announced its strategic outlook for the 2022-24 cycle, placing scale at the core of its operations.
Allianz also set its financial bar higher for the period, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE), as it further unlocks potential across all business segments through present and future profit pools as well as through efficient capital management.
Over the next three years, Allianz will accelerate profitable growth by verticalizing operating models globally across business lines, expanding its leadership position in key markets, and building scalable platform models.
“Allianz continues to overdeliver and outperform, which shows that our customer-centered simplification strategy is working,” Allianz CEO Oliver Bäte said. “Now, we aim to deploy our global scale as a competitive advantage to grow both our customer base and our margins.”
Disciplined capital management is also an important part of Allianz’s strategic outlook. The company will continue to become more capital-efficient and lower in volatility as it focuses on reducing long-tail risks from its portfolio. In addition, Allianz has enhanced its to offer shareholders greater protection in uncertain times and higher value during periods of augmented growth.