BERLIN (Reuters) – Allianz raised its targets for shareholder returns for 2022-24 on Friday, aiming for 5-7% annual growth in earnings per share, as well as rolling out a new dividend policy.
The company also said it was aiming for a minimum 13% return-on-equity (RoE).
In its three-year strategy outlook, Allianz said efficient capital management was an essential component to meeting the goal.
The company said it expects to generate 12 billion euros ($13.55 billion) of excess capital through its operational plans.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
Beginning retrospectively with fiscal year 2021, Allianz will also offer a dividend per share that is the higher of a 50% payout ratio or a 5% increase from the preceding year’s dividend.
($1 = 0.8857 euros)
(Reporting by Miranda Murray; Editing by Paul Carrel)
