AXA: raises Ambition 2020 target for underlying ROE
(CercleFinance.com) - At its CMD, AXA announces that it is raising its Ambition 2020 target for underlying ROE to between 14% and 16%, compared with 12% to 14% previously, in addition to announcing a new capital management policy.
The insurer now forecasts a dividend distribution rate of between 50% and 60% (vs. 45% to 55% previously), a solvency II ratio of between 170% and 220% (vs. 170% to 230% previously), along with additional flexibility in terms of share repurchases.
AXA has reinstated its target debt ratio range of between 25% and 28% by 2020, as well as its targets for growth in operating earnings per share of between 3% and 7% p.a. on average, with cumulative operating cash flow of between 28 billion and 32 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The insurer now forecasts a dividend distribution rate of between 50% and 60% (vs. 45% to 55% previously), a solvency II ratio of between 170% and 220% (vs. 170% to 230% previously), along with additional flexibility in terms of share repurchases.
AXA has reinstated its target debt ratio range of between 25% and 28% by 2020, as well as its targets for growth in operating earnings per share of between 3% and 7% p.a. on average, with cumulative operating cash flow of between 28 billion and 32 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.