Allianz today announced that it has exercised its right to terminate the legacy PIMCO employee equity plan (M Unit Plan) and will purchase outstanding PIMCO M Units for cash. M Unit options were awarded to employees between 2008 and 2020, and the outstanding M Units held by former and current employees represent a 9.4 percent ownership in PIMCO.
Current PIMCO employees may elect to retain their M Units under a new, separate contractual regime until after termination of employment. As former employees hold a 4.4 percent ownership in PIMCO in total, Allianz will pay a consideration of at least 1.4 billion euros1 in cash at closing in accordance with the M Unit Plan rules.
1 Based on current FX rates.
Allianz SE
Abigail Gooren
Allianz SE
Allianz SE
Last updated: March 31, 2026
The Allianz Group is one of the world's leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand's Best Global Brands 2025 ranking, Allianz's success is built on technology-enabled customer centricity - providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world's largest investors, managing around 770 billion euros on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.
* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only
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Jul 30, 2026 | Mergers & Acquisitions, Media release
Allianz to terminate PIMCO M Unit Plan and purchase M UnitsAllianz today announced that it has exercised its right to terminate the legacy PIMCO employee equity plan (M Unit Plan) and will purchase outstanding PIMCO M Units for cash.
Jul 24, 2026 | Media release, Corporate Management
Allianz SE announces Board of Management changesThe Supervisory Board of Allianz SE and Günther Thallinger have mutually agreed that Mr. Thallinger's term as member of the Board of Management will conclude on December 31, 2026.
Jul 24, 2026 | Mergers & Acquisitions, Media release, Life & Health
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Jul 20, 2026 | Article, Sustainability, Artificial Intelligence, Climate Change, Natural Disasters
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Jul 13, 2026 | Article
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