Allianz aims to add $6.9 billion of premiums, focus on top units

November 24, 2015 by Nicholas Comfort, Carolynn Look

(Bloomberg) — Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the company focuses on its most profitable businesses.

Allianz wants to achieve annual earnings per share growth of 5 percent on average from 2016 to 2018, the insurer said in a statement on Tuesday. The Munich-based company is also targeting a return on equity of 13 percent, adjusted to exclude unrealized capital gains on bonds and other items, by 2018. Click HERE to read article 

Originally Posted at LifeHealthPro on November 24, 2015 by Nicholas Comfort, Carolynn Look.