Generali Deutschland (GE1G: Quote,GDEUF.PK) said it is targeting for 600 million euros of cost reduction as well as cash flow generation from existing operations exceeding 2 billion euros by end of 2015.
The Group expects to reach an operating ROE target of 13% over the cycle, translating into an operating result of over 5 billion euros; and solvency 1 ratio above 160% by 2015, with an “AA” approach to manage capital and leverage.
In addition, the company said it would concentrate on its core insurance business via. an optimization of its geographical footprint, growth in the P&C division and higher Life profitability.
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by RTT Staff Writer
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