Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Interim Report Third Quarter 2014

110 Interim Report Third Quarter and First Nine Months of 2014    Allianz Group 41 – Subsequent events PIMCO introduced enhanced compensation program PIMCO introduced a Special Performance Award (SPA) as an enhance- ment to the regular year-end compensation process. The SPA consists of deferred cash awards granted in the course of fourth quarter 2014, earnedandpayableover12to30months.Thepurposeofthe program is to secure performance and to retain talents. The average quarterly impact on income before taxes over the five quarters through the end of 2015 amounts to € 33 mn, and over the remaining six quarters to € 10 mn. New Dividend policy with increased pay-out ratio of 50 percent The board of management and the supervisory board of Allianz SE have decided to alter their dividend policy to target an increase in pay-out ratio from 40 to 50 percent of the Allianz Group net income (attributable to shareholders). In the interest of dividend continuity, the objective is to keep the dividend per share at least at the level paid in the previous year. It is further intended to evaluate and return to the shareholders the unused budget earmarked for external growth every three years. The first evaluation would take place at the end of 2016. The dividend policy is subject to a sustainable Solvency II ratio above 160 percent. This dividend policy represents the current intention of the board of management and the supervisory board and may be revised in the future. Also, the dividend payment in any given year is subject to specific dividend proposals by the board of management and the supervisory board, each of which may elect to deviate from this divi- dend policy if appropriate under the then prevailing circumstances, as well as to the decision of the annual general meeting. Munich, 6 November 2014 ­­Allianz  SE The Board of Management

Pages Overview