PressNewsFinancialsStock and bonds: Allianz SE resolves on new share buy-back program with a volume of up to 1 billion euros

Allianz SE resolves on new share buy-back program with a volume of up to 1 billion euros

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Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1 billion euros. 

Allianz SE
Munich, Jul 02, 2018

Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1 billion euros. The program shall start on July 4, 2018 and be finalized by September 30, 2018.

Allianz SE will cancel all repurchased shares.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. 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 over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

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