ZURICH Feb 16 Europe's largest insurer Allianz
on Thursday proposed a share buyback of up to 3
billion euros ($3.20 billion) after the Munich-based firm failed
so far to pin down suitable deals to use cash it has set aside.
Allianz said it was proposing a dividend of 7.60 euros per
share for 2016 after posting a 23 percent rise in fourth quarter
The 4.1 percent rise from the previous year's dividend
exceeded expectations for 7.44 euros in a Reuters poll.
At 10.8 billlion euros, full year net profit beat
($1 = 0.9386 euros)
(Reporting by Andreas Cremer and Brenna Hughes Neghaiwi)