Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Allianz aims for 5-7% annual EPS growth for 2022-24

by Wanda Rich
0 comment

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.

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)