Axa presents its objectives for the 2020 horizon
The 2016-2020 strategy of AXA group was presented on June 21, 2016 by general manager, Thomas Buberl. The new plan is based on the pursuit of the transformation activities of the group, favoring in the first place corporate insurance, saving products and Asia. The low rate environment is having substantial influence on the insurer’s development hypotheses for the upcoming period.
The average annual growth of the operating profit per share has been set in a bracket comprised between 3% and 7%. Return on equity is expected to be comprised between 12% and 14% whereas operation cash-flow available and accrued between 2016 and 2020 is set to be comprised between 28 and 32 billion EUR (31.1 and 35.5 billion USD). Minimum Solvency II ratio desired is of 170%. Finally, the group is intent on achieving 2.1 billion EUR (2.3 billion USD) of pre-tax savings by 2020.
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