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    ALV   DE0008404005

ALLIANZ SE

(ALV)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 01/26 10:22:10 am
224.925 EUR   +2.22%
06:01aAllianzGI creates private markets impact investment unit
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06:01aAllianzGI creates private markets impact investment unit
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04:49aAllianz's Global Investors Unit Forms New Private Market-Focused Arm
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Allianz to hike dividends by 5% each year from 2021

12/03/2021 | 05:44am EST
The logo of Allianz is seen in Paris

(Corrects to say parties of reinsurance deal include Resolution Life, Paragraph 5)

BERLIN (Reuters) - German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy.

The company said it would give shareholders half of its earnings, which it expects to grow 5-7% each year over 2022-2024, as it plans to increase the scale of its business and focus on efficient capital management.

"The new dividend policy reflects our confidence in the financial strength and the earnings power of the Allianz Group," Chief Financial Officer Giulio Terzariol said in a statement.

Allianz said that after the higher dividend payments, it will still have 12 billion euros ($13.55 billion) of excess capital that could be used for share buybacks or acquisitions.

Allianz added it had entered a reinsurance agreement with Resolution Life and affiliates of Sixth Street for a $35-billion fixed index annuity portfolio as part of its strategy.

($1 = 0.8857 euros) (This story corrects to say parties of reinsurance deal include Resolution Life, paragraph 5)

(Reporting by Miranda Murray and Christina Amann, Writing by Zuzanna Szymanska; editing by Paul Carrel and Jason Neely)


© Reuters 2021
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Analyst Recommendations on ALLIANZ SE
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Financials
Sales 2021 143 B 161 B 161 B
Net income 2021 9 032 M 10 185 M 10 185 M
Net Debt 2021 24 870 M 28 043 M 28 043 M
P/E ratio 2021 10,1x
Yield 2021 4,84%
Capitalization 89 881 M 101 B 101 B
EV / Sales 2021 0,81x
EV / Sales 2022 0,75x
Nbr of Employees 150 269
Free-Float -
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Technical analysis trends ALLIANZ SE
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 19
Last Close Price 220,05 €
Average target price 242,32 €
Spread / Average Target 10,1%
EPS Revisions
Managers and Directors
Oliver Bäte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
Sector and Competitors