Axa Confirms 2020 Objectives
November 14 2017 - 3:04AM
Dow Jones News
By Alberto Delclaux
Axa SA (CS.FR) confirmed Tuesday the objectives of its strategic
plan, Ambition 2020, ahead of its investor conference.
The company expects to deliver annual underlying earnings per
share growth into 2020 within the 3% to 7% target range. It also
expects adjusted return on equity of between 12% and 14% during
2016-2020 and a Solvency II ratio--a measure of an insurer's
resilience--target range of between 170% and 230%.
During the investor conference, AXA will touch upon its
reorganized operating model--outlined on Monday--and the
registration document the company filed Monday for the initial
public offering of its U.S. unit, it said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 14, 2017 02:49 ET (07:49 GMT)
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