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Allianz Keeps Forecast Despite Credit Problems: Report

German insurer Allianz is sticking to its full-year earnings forecast despite the impact of a credit crisis that will weigh on the trading result at its Dresdner Bank unit in the third quarter,
its finance chief told Boerse Online magazine.

"For Allianz overall, we are sticking with our 2007 net profit target of about 8 billion euros ($11.24 billion)," Helmut Perlet told the magazine in an interview.

Perlet added that he expected the company to achieve annual sales growth of 5% in the mid-term.