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AGF increases long-term sales targets

French insurer AGF has been encouraged sufficiently by recent performance and future prospects to increase its long-term growth forecast for its domestic business.

The diversified Gallic insurance provider, a member company of international insurance titan Allianz, has revealed it has improved its annual revenues growth target to 7% per year by 2010, Reuters has reported.

The revelation came from the company’s head Laurent Mignon, who added when speaking to reporters at a news conference that AGF was also targeting a combined ratio figure of 97.5% in France by the end of the decade.