Insurance Day
Mannheimer set for big profits rise
From Ilse Schlingensiepen, Bonn
THE Mannheimer insurance group expects a considerable rise in after-tax profits for 1997. The group said it will “by far”
exceed the Dm21.9m ($13m) recorded in 1996 while holding company Mannheimer Versicherung AG, which is quoted on the stock
exchange, is likely to raise its dividend from 32% to 40% for 1997.