Allianz unveils financial targets at 2024 Capital Markets Day
Allianz has set financial goals for 2024-2027, including:
- 7-9% annual earnings per share growth
- A return on equity of at least 17%
- Generating 24-25% Solvency II operating capital by 2027
- €27 billion in net cash remittance by 2027
The insurer also plans a payout ratio of at least 75% on average. These targets align with Allianz’s focus on “smart growth,” productivity improvements, and bolstering resilience.
As demand rises for innovative Protection and Retirement solutions, Allianz aims to capitalize on its customer trust, enhanced distribution, and product offerings. Strong customer satisfaction and employee engagement metrics underpin its strategy, with Allianz boasting 72% market-leading Net Promoter Scores and a position among the top global workplaces.
Looking ahead, Allianz expects significant revenue and profit growth across its core segments, targeting a €9.5 billion operating profit in Property-Casualty, €6 billion in Life/Health, and €4 billion in Asset Management by 2027.
“Lifting Ambitions’ is focused on strengthening our value-creation engines and making them even more resilient. Our focus for this next phase will be on translating the success of our customer-centric strategy, already evident in our leading brand strength and excellent customer satisfaction levels, into even higher sustainable, capital-efficient growth for our shareholders.” – CEO Oliver Bäte.
