Amendment of the dividend policy of Allianz SE

Allianz SE today decided on the amendment of the 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.
  • The dividend policy is subject to a sustainable Solvency II capitalization ratio of from now above 150% (excluding transitional measures).

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.

The Allianz Group is one of the world's leading insurers and asset managers with 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 767 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.9 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance  industry in the Dow Jones Sustainability Index. In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

Press contacts

Holger Klotz
Allianz SE
Kirti Pandey
Allianz SE
Johanna Oltmann
Allianz SE
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