March 10, 2017 / 2:05 PM / 4 months ago

BRIEF-Mapfre says income growth target could be reduced in 2016-2018

1 Min Read

March 10 (Reuters) - Mapfre SA:

* Sees ROE at over 11 percent in 2018

* Says yield from dividends target is maintained at about 5 percent, with pay out between 50 percent and 65 percent of profit in 2016-2018

* Objective of income growth could be reduced in the next two years, due to prioritizing of profitable growth, as well as lower interest rates, which result in lower financial income

* Premiums will continue to grow at expected rates, aided by strengthening of certain currencies Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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