Generali dividends '5 bln by 2018'

(ANSA) - London, May 27 - Assicurazioni Generali S.p.A.
    expects accumulated dividends worth more than five billion euros by the end of 2018, with net cashflow of over seven billion euros during the same period, the group said Wednesday, disclosing its financial targets.
    Further savings on spending of half a billion euros are expected by the end of 2018 in addition to the one billion euros of savings predicted by 2016 while total investments in the group are predicted to be as much as 1.25 billion euros.
    Generali distributed dividends of 930 million euros for the last financial year of 2014.
    The company said it is planning a new strategy "to become the retail insurance market leader for Europe" involving a "profound transformation of the business model to increase the loyalty of clients."