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Claims arising from the wildfires, Hurricanes Harvey, Irma and Maria and other natural catastrophes rose to 1.1 billion euros for Allianz last year, up from 700 million euros a year earlier. (Photo: Bloomberg)

(Bloomberg) – A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend.

Europe’s biggest insurer will increase the dividend for 2017 by 5.3% to 8 euros ($10) a share, the company said in a statement Friday. Analysts expected a payout of 7.9 euros, according to the Bloomberg Dividend Forecast.

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