DGAP-Adhoc: Allianz SE: New Dividend policy with increased pay-out ratio of 50 percent

Allianz SE  / Key word(s): Dividend

06.11.2014 22:29

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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 dividend policy if appropriate
under the then prevailing circumstances, as well as to the decision of the
annual general meeting.


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Information and Explaination of the Issuer to this News:

These assessments are, as always, subject to the disclaimer provided below.

Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.

Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events), (iii) frequency and severity of insured loss events, including
from natural catastrophes, and the development of loss expenses, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
particularly in the banking business, the extent of credit defaults, (vii)
interest rate levels, (viii) currency exchange rates including the
euro/US-dollar exchange rate, (ix) changes in laws and regulations,
including tax regulations, (x) the impact of acquisitions, including
related integration issues, and reorganization measures, and (xi) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.

No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.

06.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Allianz SE
              Königinstr. 28
              80802 München
              Germany
Phone:        +49 (0)89 38 00 - 41 24
Fax:          +49 (0)89 38 00 - 38 99
E-mail:       investor.relations@allianz.com
Internet:     www.allianz.com
ISIN:         DE0008404005
WKN:          840400
Indices:      DAX-30, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX
 
End of Announcement                             DGAP News-Service
 
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