Allianz will lay out 2 billion euros for share buybacks next year on top of a 3-billion-euro plan announced last February. Outgoing Chief Financial Officer Dieter Wemmer explains the rationale...
Allianz SE has resolved on a further share buy-back program as the current share buy-back program of up to 3 billion euros decided on February 16, 2017 is drawing to a close. The volume of such further program will amount to up to 2 billion euros. The program shall start beginning of 2018 and be executed in the first six months of 2018.
The board of management and the supervisory board of Allianz SE have decided to alter their dividend policy to target an increase in pay-out ratio from 40 to 50 percent of the Allianz Group net income (attributable to shareholders).
Allianz welcomes the agreement that has been reached last night between the European Parliament, the Council and the Commission on the Omnibus II Directive, which will update the Solvency II Directive of 2009.
