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The Annual General Meeting of Allianz SE has elected a new Supervisory Board today with Michael Diekmann to replace Dr Helmut Perlet as Chairman.
In addition, Sophie Boissard, Chairwoman of the Board of Management of Korian S.A., Paris, and Herbert Hainer, former CEO of adidas AG, have been newly appointed as members of the Supervisory Board. Christine Bosse, Dr Friedrich Eichiner and Jim Hagemann Snabe have been re-elected.
Already in February, the European Workers Council has appointed the employee representatives of the Supervisory Board. Geoff Hayward was appointed as a new employee representative. Gabriele Burkhardt-Berg, Martina Grundler, Jean-Jacques Cette, Jürgen Lawrenz and Rolf Zimmermann will serve for another term of office.
Michael Diekmann will join the Supervisory Board effective May 7, 2017, due to the statutory two-year cooling-off period which ends on May 6, 2017. Michael Diekmann left his position as CEO of Allianz SE on May 6, 2015. Dr. Helmut Perlet was re-elected as Chairman of the Supervisory Board of Allianz SE until May 6, 2017.
Separately, shareholders approved the proposal to increase the dividend payment for the 2016 earnings year to 7.60 euros per share from 7.30 euros, the fourth dividend increase in as many years. For the financial year 2016, Allianz Group reported net income attributable to shareholders of 6.9 billion euros, an increase of 4.0 percent versus 2015.
Together with its customers and sales partners, Allianz is one of the strongest financial communities. More than 86 million private and corporate customers insured by Allianz rely on its knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2016, around 140,000 employees in over 70 countries achieved total revenues of 122 billion euros and an operating profit of 11 billion euros. This business success with insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an aging society and the challenges of climate change. Transparency and integrity are key components of sustainable corporate governance at Allianz SE.
These assessments are, as always, subject to the disclaimer provided below.
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
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