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Allianz Lifts Dividend as Third-quarter Profit Rises

November 21, 2014 By Melissa Gansler

Allianz, a German insurer, increased the amount of profit the company will give to its shareholders as dividends, promising to sustain the cash flow after reporting its increased net profit during the third quarter that beats estimates.

Allianz Lifts Dividend as Third-quarter Profit RisesOn Thursday, the biggest European insurer said it will reimburse 50% of its net profit as dividends, compared to the previous 40%. The move was surprising, and will help pacify the shareholders who are anxious about management turmoil as well as investor outflows in Pimco, the company’s management arm.

Dividend policy will be reviewed towards the year-end, after facing recommendations suggested by investors and analysts to deliver its dividend in line with competitors such as the Zurich Insurance that reimburses nearly 70% of its net results.

Allianz said the management intends to assess and reimburse the reserved budget earmarked for exterior growth every 3 years, with the first review by 2016’s end.

The company’s net profit and quarterly operating profit jumped 11% and 5%, respectively, beating the analysts’ estimate, including its operating profit in asset management and property-casualty insurance. However, an 8% drop in its asset management was posted the previous quarter.

Allianz is also expecting a 10.5B euros earning in its operating profit within the year. Company net profit rose to 1.6B euros during the quarter, from the previous quarter’s 1.45B euros, surpassing the average forecast of 1.54B euros.

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Melissa Gansler

Melissa calls herself Poet, essayist, and naturalist. Graduated from the University of Michigan, Melissa holds a degree in Literature. Besides English, she can also speak Chinese, German, French.

Latest posts by Melissa Gansler (see all)

  • The Milky Way Seems to Have A Massive Exoplanet At Its Core (Study) - November 8, 2017
  • Teen Moms Have the Highest Risk of Developing Heart Disease Later in Life - November 3, 2017
  • Drinking Red Wine Regularly Might Increase a Woman’s Chances to Get Pregnant - October 29, 2017

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