Dividend for fiscal year 2022

The Annual General Meeting on May 4, 2023 approved the dividend of 11.40 euros for fiscal 2022 (+5.6% on previous year: 10.80 euros).  

Dividend history

Allianz is one of the highest-dividend companies in the DAX. Due to our strong business development and an attractive dividend policy, the dividend has increased by an average of 10% over the past 10 years to 11.40 euros most recently.
Allianz - Dividend per share and total dividend since 2008
As of May 4, 2023 (Annual General Meeting)

Dividend policy

Allianz SE strives to offer attractive dividends to its shareholders. The framework for this is determined by our net income and the need for an adequate capitalization.

  • The regular pay-out remains at 50% of Allianz Group net income (attributable to shareholders), however, adjusted for extraordinary and volatile items.
  • In the interest of an attractive dividend policy, the further objective is to pay a dividend per share in an amount of at least 5% above the amount of the previous year. This shall already apply to the dividend for fiscal year 2021.
  • In addition, Allianz returns excess capital to its shareholders on a flexible basis, e.g. through share buy-backs.
     Share buy-back
  • The dividend policy is subject to a sustainable Solvency II capitalization ratio of from now above 150% (excluding transitional measures).
     Key indicators

Please note: This dividend policy represents the current intention of the Board of Management and the Supervisory Board and may be revised in the future. Also, the dividend payment in any given year is subject to specific dividend proposals by the Board of Management and the Supervisory Board, each of which may elect to deviate from this dividend policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.

Published on December 2, 2021


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Dividend proposal
(announced at the Annual Results Media Conference)


Dividend resolution by Annual General Meeting


Dividend entitlement date


Ex-dividend quotation


Dividend pay-out (valuta)1

 In accordance with § 58 (4) of the German Stock Corporation Act (AktG), the dividend is paid on the third business day following the resolution of the Annual General Meeting. This regulation was designed to harmonize securities settlements within Europe and came into effect on January 1, 2017. Before that, dividend payment was due the day after the Annual General Meeting.

Taxation of the dividend for shareholders living abroad

In Germany a capital gains tax is levied on dividends and certain other capital income. Due to various international regulations, a full or partial relief from the capital gains tax is possible for individual shareholders living abroad under certain prerequisites.

Paying Agent

Paying Agent for shareholders: Commerzbank AG, 60261 Frankfurt/Main. Paying Agents for bondholders are indicated in the relevant terms and conditions which can be found here.


Frequently asked questions on the dividend.