This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AXA Holds Today An Investor Seminar On Its 5-Year Strategic Plan "Ambition AXA"

Stocks in this article: AXAHY CS

PARIS, June 1, 2011 /PRNewswire-FirstCall/ --

Main financial objectives for 2015:

  • Underlying earnings per share CAGR(1) of 10%
  • Cumulative Euro 24 billion of Group operating Free Cash Flows from 2011 to 2015, of which Euro 11 billion in Life & Savings
  • 15% adjusted return on equity in 2015
  • 25% debt gearing by 2015
  • Euro 1.5 billion pre-tax cost savings in mature markets by 2015

AXA is hosting today an investor conference in Paris, during which the management team will present its strategic plan "Ambition AXA", focusing on financial and operational priorities for each of its business lines, Life & Savings, Property & Casualty, and Asset Management.

" The long term potential of Insurance and Asset Management is more promising than ever, addressing global needs for risk and life-style protection, underpinned by long term demographic trends and the rapid advent of emerging economies," said Henri de Castries, Chairman and CEO of AXA. "Through Ambition AXA, our new strategic plan for the next 5 years, we reaffirm today our objective to become the industry's preferred company, building on customer centricity and a culture of trust and achievement for our teams."

"Ambition AXA is about three main priorities: Selectivity, Acceleration and Efficiency.

Selectivity, mainly in mature markets where we will concentrate our efforts on actively developing higher margin offers with lower capital consumption which address our customers' needs. This should allow us to generate sustainable growth of earnings and operational Free Cash Flows.

Acceleration, mainly in high growth markets where the Group already benefits from a strong footprint worldwide which has been reasserted by the recent AXA APH transaction, and where we want to grow further and allocate a larger share of our capital. This will allow us to double our size and more than double our profitability organically by 2015 and to continue to attract leading partners in insurance distribution.

Efficiency everywhere with a specific focus on mature markets, where we expect to deliver Euro 1.5 billion of cost savings by 2015 whilst continuing to improve customers' experience with AXA.

We will fulfill our Ambition by building on our key differentiating assets, such as our brand, our unique distribution mix, our capital management agility and our deep international talent pool. This is our Ambition, and we are committed to deliver on it."

Specific financial objectives of the Ambition AXA plan by 2015

Group wide Ambition:

  • Underlying EPS CAGR of 10% by 2015
  • Cumulative Euro 24 billion of Group operating Free Cash Flows from 2011 to 2015
  • 15% adjusted return on equity in 2015
  • 25% debt gearing by 2015
  • Euro 1.5 billion pre-tax cost savings in mature markets by 2015 and Euro 0.8 billion by 2013.

Life & Savings Ambition

In Life & Savings, the objective is to actively grow the Protection & Health activity, to reshape the traditional Savings business by increasing the Unit-Linked share, and to extract more value from what is today one of the largest life book in mature markets whilst accelerating the development in high growth markets.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs