Allianz SE's (AZ) first-quarter dividend accrual of EUR200 million shouldn't be taken as a signal for the full-year dividend, Chief Financial Officer Helmut Perlet told analysts in a conference call Wednesday.

Allianz booked a net profit of EUR29 million for the first quarter, down from a EUR1.15 billion net profit in the same quarter a year ago.

Perlet also said that the quarterly dividend accrual wasn't preempting any decision by the company's supervisory board on the planned dividend payment for 2009.

Allianz has said in the past it was generally targeting a dividend payout ratio of between 30% and 40% of net profit. Given the market uncertainty, it has refrained from giving specific earnings targets for 2009 and hasn't commented about dividend payment targets for 2009.

For 2008, Allianz paid a dividend of EUR3.50 a share, or a total of EUR1.60 billion, although it booked a net loss of EUR2.44 billion.

Company Web site: http://www.allianz.com

-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com