Key Insights

• Allianz's Annual General Meeting to take place on 8th of May

• Total pay for CEO Oliver Bate includes €2.01m salary

• The total compensation is 86% higher than the average for the industry

• Allianz's total shareholder return over the past three years was 40% while its EPS grew by 9.4% over the past three years

Performance at Allianz SE (ETR:ALV) has been reasonably good and CEO Oliver Bate has done a decent job of steering the company in the right direction. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 8th of May. However, some shareholders will still be cautious of paying the CEO excessively.

View our latest analysis for Allianz

How Does Total Compensation For Oliver Bate Compare With Other Companies In The Industry?

At the time of writing, our data shows that Allianz SE has a market capitalization of €104b, and reported total annual CEO compensation of €7.5m for the year to December 2023. Notably, that's an increase of 10% over the year before. While we always look at total compensation first, our analysis shows that the salary component is less, at €2.0m.

For comparison, other companies in the Germany Insurance industry with market capitalizations above €7.5b, reported a median total CEO compensation of €4.0m. This suggests that Oliver Bate is paid more than the median for the industry. Furthermore, Oliver Bate directly owns €5.4m worth of shares in the company.

Speaking on an industry level, nearly 40% of total compensation represents salary, while the remainder of 60% is other remuneration. In Allianz's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Allianz SE's Growth Numbers

Allianz SE has seen its earnings per share (EPS) increase by 9.4% a year over the past three years. It achieved revenue growth of 3.0% over the last year.

We would argue that the improvement in revenue is good, but isn't particularly impressive, but it is good to see modest EPS growth. So there are some positives here, but not enough to earn high praise. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Allianz SE Been A Good Investment?

Boasting a total shareholder return of 40% over three years, Allianz SE has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

Shareholders may want to check for free if Allianz insiders are buying or selling shares.

Important note: Allianz is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.