Gráfica de Acción Histórica
3 Meses : De Nov 2018 a Feb 2019
By Pietro Lombardi
Assicurazioni Generali SpA (G.MI) plans to reduce its debt as it eyes growth in Asia and Latin America, it said Wednesday, presenting its 2019-21 strategy ahead of its investor day.
The Italian insurance giant plans to cut its debt by up to 2 billion euros ($2.28 billion) by 2021, while growing earnings and investing EUR1 billion in innovation and digital transformation.
The insurer plans to strengthen its presence in some European markets and wants to "deliver profitable growth in Asia and Latin America," it said.
The company sees earnings per share growing at an annual rate of between 6% and 8% through 2021 and targets a dividend payout range of between 55% and 65%.
As part of the three-year strategy, the company is targeting an average return on equity of more than 11.5%.
Write to Pietro Lombardi at email@example.com
(END) Dow Jones Newswires
November 21, 2018 02:02 ET (07:02 GMT)
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