"The management further intends to evaluate and pay out the unused budget earmarked for external growth every three years," Allianz said in a statement, adding that the first evaluation will take place at the end of 2016.
Allianz's quarterly operating and net profit rose by 5 percent and 11 percent respectively, handily beating the average forecasts in a Reuters poll of banks and brokerages.
Operating profit in property-casualty insurance and asset management were both ahead of average analyst expectations, but asset management still posted an 8 percent decline from the year earlier quarter.
Pacific Investment Management Co (Pimco) posted outflows of $48.3 billion across its open-ended funds in October following the surprise departure of Bill Gross, adding to the $25.5 billion of withdrawals the previous month, according to Morningstar data this week.
Read MoreMore investors say goodbye to Gross-less Pimco
Gross, who co-founded Pimco in 1971 and built it into one of the largest investment firms in the world, managing $2 trillion of pension, endowment, and retirement money, resigned on Sept. 26 to join rival Janus Capital Group.
A majority of Pimco's firm-wide outflows in October stemmed from investors pulling money from its flagship Pimco Total Return Fund, which was managed by Gross.
Allianz on Thursday said that net outflows at Pimco were nearly 50 billion euros in the third quarter, but pointed out that a substantial majority of these occurred in the days following Gross's departure.
"Net outflow development after the resignation of Bill Gross is within our expectation," Allianz Chief Financial Officer Dieter Wemmer said in a statement.
Allianz also said it was "in reach" of earning 10.5 billion euros in operating profit this year, the upper end of its target range. Quarterly net profit jumped to 1.6 billion euros from 1.45 billion in the year earlier quarter, beating the 1.54 billion euros average in the Reuters poll.