Dividends aren't the entire story: Investment returns encompass various components
In a transparency move, Boersenmedien AG's publisher, Bernd Foertsch, has disclosed his direct and indirect positions in financial instruments related to Allianz SE, a potential beneficiary from the publication's content.
However, when it comes to Allianz's share buyback programs and their impact on earnings per share (EPS) from 2017 to the present, the provided search results fall short. To fill this gap, here's a summary of Allianz's share buyback details and EPS impacts based on available knowledge up to mid-2025.
Allianz Share Buyback Programs (2017-Present):
Allianz has periodically authorized share buyback programs as part of its capital management strategy, aiming to return capital to shareholders and optimize its capital structure. In recent years (2017–2024), Allianz has executed buyback programs totaling several billion euros, primarily aimed at reducing outstanding share count and supporting EPS growth.
Impact on EPS:
Share buybacks reduce the number of shares outstanding, which generally increases the EPS assuming net income remains stable or grows. By buying back shares, Allianz has aimed to enhance shareholder value by improving EPS and return on equity metrics.
Key Points:
- Buybacks have been part of Allianz’s broader capital management strategy alongside dividends.
- The company occasionally announces buybacks aligned with excess capital from profitable years.
- The impact on EPS depends on the size and timing of buybacks relative to earnings performance.
For precise figures and detailed chronological buyback program amounts and their EPS effects, consulting Allianz’s official annual reports and investor presentations from 2017 to present is recommended. These documents typically disclose authorization dates and buyback sizes, actual shares repurchased each year, resulting changes in number of shares outstanding, and EPS figures before and after buybacks.
Current Buyback Program Details:
The ongoing share buyback program of Allianz is worth two billion euros. As of now, over 1.29 billion euros have been invested in the current buyback program, with around 3.73 million shares repurchased this year. The pace of Allianz's buybacks remains high, even at an all-time high share price.
In July, the average buyback price for Allianz was over 345 euros, slightly above the 30-day average. The original upper limit for buybacks in 2024 was increased to one billion euros in the summer. Allianz has reduced its own shares by nearly one-fifth through buybacks since 2017.
Allianz's Commitment to Shareholders:
Allianz is a company known for its attractive dividend policy. The current dividend yield of Allianz is 4.5 percent. Allianz sends a clear signal by consistently returning excess capital to shareholders. The strong fundamental development of Allianz allows for the continuation of both buybacks and dividends.
Allianz believes in itself and the powerful combination of buybacks and dividends. The current Allianz buyback program started in March and ends in December. In 2024, Allianz repurchased a total of 5.53 million shares for around 1.5 billion euros.
Those who are already invested in Allianz may choose to continue their investment, while potential investors may wait for setbacks to enter. Allianz is a company that consistently demonstrates its commitment to its shareholders through its share buyback programs and attractive dividend policy.
Finance-related positions were not disclosed for Allianz SE by Bernd Foertsch, contrary to his disclosure of direct and indirect positions in financial instruments related to Allianz SE by Boersenmedien AG's publisher.
The ongoing share buyback program of Allianz is worth two billion euros, with the company repurchasing around 3.73 million shares this year, demonstrating their commitment to shareholders via this finance strategy.
