ALIZF Allianz Ag Muenchen Namen (PK)

   By Pietro Lombardi 
 

Allianz SE (ALV.XE) said Friday that it targets a return on equity of at least 13% in 2021 and earnings growth of at least 5% a year on average in the next three years.

The German insurer sees earnings per share growing at an annual rate of at least 5% between 2019 and 2021, it said as it presented the 2019-21 targets ahead of its capital markets day.

Allianz is in the final stretch of its plan through 2018, which targets an annual earnings per share growth of 5% on average between 2016 and 2018, and a 2018 return on equity of 13%.

As of the third quarter, the company had beaten both targets, with and EPS growth of 7.1% and a ROE of 13.8%, according to a presentation.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

November 30, 2018 03:02 ET (08:02 GMT)

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