AXA Raises Its Four Main 2027-2029 Ambitions

By Reuters News

Sept 15 (Reuters) - AXA SA AXAF.PA:

  • ANNOUNCES ITS 2027-2029 STRATEGY AND FINANCIAL TARGETS

  • INCREASES ITS AMBITION WITH FOUR MAIN FINANCIAL TARGETS FOR 2027-2029 PLAN PERIOD

  • OUTLOOK 2027-2029: UNDERLYING EARNINGS PER SHARE CAGR 2026E-2029E BETWEEN 7% AND 9%

  • OUTLOOK 2027-2029: UNDERLYING RETURN ON EQUITY BETWEEN 15% AND 17% OVER 2027 TO 2029

  • SEES MID-TEENS CAGR IN BOOK VALUE PER SHARE, INCLUSIVE OF CUMULATIVE DIVIDENDS, OVER 2026 TO 2029E

  • OUTLOOK 2027-2029: CIRCA. EURO 25 BILLION CUMULATIVE ORGANIC CASH UPSTREAM

  • 2027-2029 OUTLOOK: TOTAL PAYOUT RATIO TARGET OF 75%

  • FOR 2026, AXA EXPECTS UNDERLYING EARNINGS PER SHARE GROWTH TO BE AT THE TOP END OF THE TARGET RANGE OF 6-8%

  • OUTLOOK 2026: UNDERLYING ROE AT TOP END OF TARGET RANGE OF 14% TO 16%

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