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Home Business Allianz aims for 5-7% annual EPS growth for 2022-24
2021 12 03T071119Z 1 LYNXMPEHB207S RTROPTP 4 ALLIANZ FRANCE

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

by Wanda Rich
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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)

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.