Allianz Treptowers in Berlin, GermanyAllianz Treptowers in Berlin, Germany
  • Buybacks start in March
  • Improved Dividend Policy

Munich, Germany — Allianz SE Friday announced a new share buyback program of up to 1 billion euros and updates its dividend policy.

The buyback will run from March to December 2024, with purchased shares being canceled.

The revised dividend policy includes increasing regular payouts to 60% of annual profit, aiming for a dividend per share at least equal to the previous year, and maintaining a sustainable capital ratio.

These changes apply from the 2023 fiscal year, the company said.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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