At its today’s Capital Markets Day, Allianz will announce its new strategic initiatives (Renewal Agenda). The initiatives aim to achieve annual earnings per share (EPS) growth of 5 percent on average from 2016 to 2018. The Group will target a total return on equity (RoE) by 2018 of 13 percent, adjusted to exclude unrealized capital gains on bonds and other items.
To meet those targets, the Property-Casualty segment will seek to deliver a combined ratio of 94 percent or better. The Life & Health segment will aim to deliver RoE of at least 10 percent in all of its operating entities.
The Group will also seek 1 billion euros in recurring, annual productivity gains by 2018, especially by implementing digital processes globally. Those gains will be reinvested in technology, human resources and growth.
Furthermore, the Group will actively manage its capital efficiency and improve its resilience.