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

The brand of Allianz is seen on a constructing in Paris, France, April 30, 2020. REUTERS/Charles Platiau/File Picture

BERLIN, Dec 3 (Reuters) – Allianz (ALVG.DE) raised its targets for shareholder returns for 2022-24 on Friday, aiming for 5-7% annual development in earnings per share, in addition to rolling out a brand new dividend coverage.

The corporate additionally mentioned it was aiming for a minimal 13% return-on-equity (RoE).

In its three-year technique outlook, Allianz mentioned environment friendly capital administration was an integral part to assembly the aim.

The corporate mentioned it expects to generate 12 billion euros ($13.55 billion) of extra capital by means of its operational plans.

Starting retrospectively with fiscal 12 months 2021, Allianz may also supply a dividend per share that’s the increased of a 50% payout ratio or a 5% enhance from the previous 12 months’s dividend.

($1 = 0.8857 euros)

Reporting by Miranda Murray
Enhancing by Paul Carrel

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