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Giulio Terzariol, CFO of Allianz, told CNBC's "Squawk Box Europe" channel on Friday: "Thanks to our performance in 2018, we have been able to (manage) headwinds to achieve record-breaking results. most of our performance indicators. "
He added that the bank was waiting for the ECB to leave interest rates unadjusted.
"Because of the tension we might have – say Italy and Brexit – and the economy, we expected interest rates to remain relatively stable in Europe, that is not necessarily a problem for us because we have been in this situation for a while, a few years, "he said.
Allianz and the insurance industry are rebounding after the losses caused by hurricanes, fires and earthquakes in North America in 2017 – the most expensive year in the industry.
The combined ratio of Allianz in its P & C division, key measure of profitability, stood at 94.1% in the fourth quarter, down 0.4 point from the previous year . Readings below 100 indicate profitability.
It proposed a dividend of 9 euros per share, higher than the expectations of 8.84 euros per share and higher than 8 euros per share last year.
On Thursday, Allianz announced its intention to buy back up to 1.5 billion euros of shares.
(1 USD = 0.8861 euro)
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