Allianz SE announced on Monday that it decided to modify its dividend policy and redistribute 75% of its net income to shareholders via dividends and share buy-backs over the next three years.
The German insurer explained that it will continue its dividend policy of paying out 60% of net profit directly. Additionally, the company plans to return at least 15% of net income to shareholders on average from 2025 to 2027.
In the third-quarter financial report, Allianz revealed that net income attributable to its shareholders amounted to €2.5 billion, surging 23% compared to the same trimester of 2023.
