Allianz (ALV) AGM 2026 summary

Opening remarks and agenda

• AGM opened with acknowledgment of global geopolitical crises and the importance of AI for shareholders.

• Organizational details covered, including voting procedures, document access, and live streaming.

• AGM convened in due time; all board members present; notary public recording the meeting.

Financial performance review

• 2025 financial statements audited with unqualified opinions; annual financial statements adopted.

• Record results achieved in 2025 despite geopolitical and macroeconomic volatility.

• Total business volume reached EUR 187 billion; operating profit at EUR 17.4 billion; EPS up 13% to EUR 28.61.

• Solvency II ratio rose to 218%; core return on equity over 18%.

• Property & Casualty segment operating profit up 14% to EUR 9 billion; Life & Health new business at EUR 85 billion.

• Asset management division managed EUR 2 trillion, with PIMCO net inflows of EUR 133 billion.

• Share price rose 32% in 2025, outperforming sector benchmarks; total annual return 38%.

Board and executive committee updates

• Dr. Klaus-Peter Röhler to step down at year-end; Tomas Kunzmann appointed to Board effective Jan 2027.

• CFO Claire-Marie Coste-Lepoutre's term extended to end of 2031.

• Employee representatives Kirsch and Di Paolo stepping down; Rogge and Comini elected as replacements.

• Shareholder representatives Boissard and Chatterjee standing for re-election; Ellenbürger introduced as new candidate.

• Dr. Jörg Schneider nominated as new Chairman of the Supervisory Board, reflecting investor wishes for external leadership.