Allianz Set to Start Increasing Dividends by at Least 5%

   By Joshua Kirby

Allianz SE will increase its shareholder dividend by at least 5% on year starting with this year's payout, the German insurer said late Thursday.

Ahead of its capital-markets day Friday, Allianz set out its dividend policy, under which the regular payout remains at 50% of adjusted group net profit, but with a further objective of paying out at least 5% more each year than the year before. This will apply to the dividend for 2021, Allianz said.

The policy, which aims to be "attractive" to shareholders, is subject to a sustainable Solvency II capitalization ratio now above 150%, the insurer added.

The company said it will also continue to aim to return excess capital to investors in a flexible manner, through, for example, share buybacks.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

December 03, 2021 01:23 ET (06:23 GMT)

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