Allianz targets 5 pct earnings growth through 2018

November 24, 2015 7:58 AM

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FRANKFURT Nov 24 German insurer Allianz said it was undertaking a raft of productivity initiatives that would boost annual earnings per share by 5 percent on average until 2018.

"The group will target a total return on equity (RoE) by 2018 of 13 percent, adjusted to exclude unrealized capital gains and losses on bonds and other items," Allianz said in a statement ahead of its capital markets day on Tuesday.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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