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FRANKFURT, Germany (AP) - Insurer Allianz AG said Wednesday it expects to post a 2005 operating profit of approximately 7.6 billion euros ($9 billion), up 11.8 percent from the 6.8 billion euros it recorded in 2004.
The Munich-based company, one of the world's biggest insurers and the fourth-largest financial services group, reiterated the forecast during a meeting of shareholders at its corporate headquarters. Allianz will release its annual report for 2005 in mid-March.
The shareholder meeting was being held to garner support for Allianz's takeover of its Italian unit, Riunione Adriatica di Sicurta SpA, or RAS.
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