Allianz introduces four new ambitious Group financial targets for the 2024-2027 period at its Capital Markets Day 2024 and commits to an attractive total payout ratio of at least 75% on average, according to the company’s press release.

The new targets include:

• Earnings per share CAGR of 7-9%
• Return on equity of at least 17% 
• Solvency II operating capital generation of 24-25 percentage points in 2027
• Cumulative net cash remittance of more than EUR 27 billion in the years 2025-2027

In a world of uncertainty, Allianz aims to capitalize on its role as a trusted partner of choice by growing its customer base with innovative protection and retirement solutions and seamless services.

Allianz will focus on three levers to sustain its strong value creation momentum. First, driving smart growth by winning new customers, increasing cross-sell, and reducing churn. Second, reinforcing productivity through continuous delivery of its productivity agenda, also leveraging latest generative AI solutions. Third, strengthening business and financial resilience, supported by a refined capital management framework.

“’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”, says Oliver Bäte, Chief Executive Officer of Allianz SE.

The financial targets are supported by further increased customer satisfaction ambition levels of at least 60% NPS5 loyalty leadership positions by 2027 and employee engagement at best-in-class levels, the company added.