Germany’s Allianz said on Monday it plans to distribute at least three-quarters of its net profit to shareholders via dividends and share buybacks over the next three years.
The Munich-based insurer said it would maintain its dividend policy of distributing 60% of the net profit after minority interests directly. Additionally, from 2025 to 2027, at least 15% of the profit would be returned to shareholders on average, for example, through share buybacks.
Allianz, among Europe’s largest financial services groups, is hosting a capital markets day on Tuesday to present its strategy and financial targets for the coming years.
In recent years, the insurer has already distributed more through dividends and share buybacks than its plans for the coming years anticipate.
Since 2017, Allianz has spent almost 14 billion euros on share buybacks. It only revised its dividend policy in the spring: since then, it has aimed for a payout ratio of 60%, up from the previous 50%.
Source : Reuters
Air transport is central to global connectivity, but regulatory restrictions impose high transport costs. This…
Governments across Europe are increasingly acting to help industry remain competitive without compromising EU climate…
The long-standing gap in hours worked between Americans and workers in other advanced economies has…
The relationship between defence spending and growth has recently returned to the centre of policy…
Foreign direct investment is a key driver of development, particularly for low-income countries. Nevertheless, low-income…
Cross-border payments are essential for global trade, remittances, and financial transactions, but remain inefficient compared…