Italian insurance giant
Generali said on Wednesday that it was ahead of schedule in
terms of hitting the targets of its 2013-2015 turnaround plan.
"The balance sheet has been strengthened and further
dividend capacity has been created with the aim of increasing
shareholders' return, with a dividend payout expected to rise
above 40% starting from 2015," Generali said in statement for
its investor day.
The insurer added that it would be able to surpass its goal
of increasing operating return on equity to 13% by the end of
2015.
"Over the past two years Generali has relentlessly pursued
a strategy to fundamentally transform its business without
calling upon the help of shareholders," Generali CEO Mario Greco
said in the statement.
"We have delivered on our promise and through discipline,
simplicity and focus we have achieved a goal which many thought
would not be possible, especially given the challenging
macro-economic environment we operate in.
"We commend all of our people for having exceeded
expectations to substantially complete our turnaround one year
ahead of plan making this group a leading example in the sector.
Today we present to investors on our four key markets so they
can see in detail the fruits of the tireless work of the past
two years and the strong foundations we have.
"Upon them we will build the next chapter of Generali.
"We turn to planning for our future with the confidence
that comes from a job well done".
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