Axa Confirms 2020 Objectives

By Alberto Delclaux Features Dow Jones Newswires

Axa SA (CS.FR) confirmed Tuesday the objectives of its strategic plan, Ambition 2020, ahead of its investor conference.

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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)