Allianz's operations break down into the following lines of business:
The Head Office of Allianz SE is in Munich. Its address is as follows:
The Supervisory Board is made up of 12 members, 6 of whom have been appointed by shareholders and 6 by employees. Unlike under German law, the legal form of a SE does not require that the Supervisory Board is made up of equal numbers of employee representatives and employer representatives. However, Allianz will continue to apply the principle of equal representation under which employee representatives from various European countries are members of the Supervisory Board. Chairman of the Supervisory Board is Michael Diekmann.
The link will take you to more information on the Supervisory Board of Allianz SE.
Every year Allianz SE publishes its financial statements as well as its consolidated financial statements. The Annual Report of Allianz SE (financial statements) only concerns the holding company "Allianz SE" that is based in Munich. Since 2006 the legal form of Allianz SE has been that of a European company (Societas Europaea). The financial statements of the holding company Allianz SE are drawn up according to the requirements of the HGB (Handelsgesetzbuch – German Commercial Code).
The Annual Report of Allianz Group contains the consolidated financial statements of Allianz SE and its subsidiaries. The consolidated financial statements are drawn up on the basis of the International Financial Reporting Standards (IFRS).
Allianz Group is drawing up its financial statements according to the International Financial Reporting Standards (IFRS).
Until 2002 the designation "International Accounting Standards" (IAS) applied to the overall framework of all standards approved by the International Accounting Standards Board (IASB). The change to IAS was effected in 1998. Thus the accounting of the Allianz Group is comparable with that of its international peers.
The annual financial statement of Allianz SE is drawn up according to the requirements of the HGB (Handelsgesetzbuch – German Commercial Code).
The Allianz share is represented in the leading German and European as well as in the most significant world-market indices with a high weighting for a single stock, including the DAX®, EURO STOXX 50, S&P Europe 350, FTSE Eurotop 100, MSCI Europe and MSCI World.
The Allianz share has a particularly high weighting in the German and European sector indices for insurance, such as Prime Insurance, STOXX Europe 600 Insurance or MSCI Europe Insurance.
Furthermore the Allianz share is included in the Dow Jones Sustainability and the FTSE4Good.
The Management has been authorized to acquire treasury shares for securities-trading purposes of banks belonging to the Allianz Group (Agenda Item 8 of the Annual General Meeting on May 9, 2018). This authorization is limited until May 8, 2023.
Moreover, under Agenda Item 9 of the Annual General Meeting on May 9, 2018, the Management received authorization to acquire treasury shares representing up to 10% of the capital stock for other purposes. Acquisitions can be made on the stock exchange or by means of a public purchase offer or in exchange for shares of a listed enterprise. The legal basis of this authorization is § 71 Abs. 1 Nr. 8 AktG (German Stock Corporation Act). This authorization is also limited until May 8, 2023. In accordance with the authorization granted under Agenda Item 10 of the above AGM, treasury shares representing up to 5% of the capital stock may be acquired by means of put and call optionsor forward purchases.
Total holdings of treasury shares of Allianz SE must not exceed 10% of the capital stock at any time.
Allianz SE issues registered shares with restricted transferability. Under German stock corporation law, companies with registered shares consider only those persons as shareholders, who are recorded in the company's share register.
To be recorded in the share register is relevant for taking part in general meetings and making use of voting rights and it also facilitates direct communication with shareholders. This way, for instance, shareholders can be invited personally to attend general meetings.
The restriction on share transferability goes right back to the foundation of Allianz in 1890. This practice is widespread in the insurance industry in Germany. In accordance with its statutes, the company will only withhold the approval for a transfer of shares if extraordinary reasons exist and if it is considered to be in the interest of the company. For several decades no such case has occurred.
With the standardization of share transfer processes, the restriction on share transferability does not cause any delay in the registration in the share register and does not impede in any way the trading of the shares on stock exchanges.
The following companies have a stock exchange listing:
In accordance to the German Stock Corporation Act (AktG), the dividend payment is to be made on the third business day following the Annual General Meeting. The dividend payment for the 2020 fiscal year therefore will be made on Monday, May 10, 2021.
As of May 6, 2021, the share will be traded ex dividend.
Please check first if your shares carry full dividend rights: The dividend entitlement date is always the day of the Annual General Meeting. At this date the shares have to be registered in your securities account in order to be entitled to dividends.
Your custodian bank is responsible for the transfer of the dividend into your account. If your shares are entitled to dividends and your bank account has not been credited, please contact your bank.
Aiming at a harmonization of securities settlements within Europe, the German legislator amended the German Stock Corporation Act (AktG) to revise the due date for dividend payments effective from January 1, 2017. In accordance with the newly worded § 58 (4) AktG, the entitlement to dividends shall not fall due on the day following the Annual General Meeting, as has been the case earlier, but on the third business day following the Annual General Meeting.
Questions regarding corporate management, control and transparency are summarized under "Corporate Governance". A company's corporate governance structure is determined by a varied regulatory framework that is shaped by statutory requirements, market self-control mechanisms and company-specific principles.
Essential elements of good Corporate Governance are: