(Bloomberg) -- Zurich Insurance Group AG, Switzerland’s largest insurer, lowered its profit goal as Chief Executive Officer Martin Senn signaled he’s ready to sell some businesses to bolster earnings growth.
Zurich Insurance is seeking a return on equity, a measure of profitability, of 12 percent to 14 percent in the three years through 2016, it said in a statement today. That’s down from 16 percent. Senn declined to comment on possible divestments at a meeting with investors about the new strategy.
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