Assurances Generales de France (AGF) said it plans to raise its net dividend payout by 30 pct this year, payable in 2005, after confirming first half earnings that were released August.
The insurer added that it is "even more confident" in its forecast of very significant growth for net earnings over the full year, alongside a 10 pct rise in 2004 operating profits.
Last year, AGF paid a net dividend of 1.8 eur per share.
"AGF now presents a solid story and a high yield," the company said, while setting new operating targets for 2005, including a combined ratio of below 99 pct for its French property and casualty businesses.
The insurer also plans to raise its life and financial services revenues by 5 pct in 2005, while aiming for a 5 pct share of the market for employee and individual complementary retirement products in France.
