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

This will translate into the following objectives:

  • Cumulative Euro 11 billion of operating Free Cash Flows from 2011 to 2015 and Euro 6 billion from 2011 to 2013
  • NBV margin above 28% in 2015
  • IRR above 15% in 2015
  • Reduction of the cost income ratio by 5 pts by 2015, notably through Euro 0.5 billion pre-tax cost savings in mature markets

Property & Casualty Ambition:

In Property & Casualty, the objective is to improve profitability through technical excellence and efficiency, mostly in mature markets, to actively grow the Direct business and to accelerate the development in high growth markets.

This will translate into the following objectives:
  • All year combined ratio below 96% in 2015
  • Current year combined ratio at 100% in 2011 and below 97% in 2015
  • Reduction of the enlarged expense ratio (including claims handling costs) by 4 pts by 2015, notably through Euro 1.0 billion pre-tax cost savings in mature markets.

Asset management:

In Asset Management, the objective is to seize the rebound potential of our two asset managers, AXA IM and AllianceBernstein.

This will translate into the following objectives:
  • Turnaround of net flows in 2011
  • 4-5% net new money per year over 2012-2015 (as a percentage of average Assets under Management

Today's investor presentation will start at 8:30am CET and end at 6:30pm CET. Live webcast and support documents will be available from 8:30am CET on

On demand webcast will be available from June 2, 2011.

About the AXA Group

The AXA Group is a worldwide leader in insurance and asset management, with 214,000 employees serving 95 million clients. In 2010, IFRS revenues amounted to Euro 91 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,104 billion in assets under management as of December 31, 2010.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA's American Depository Shares are also quoted on the OTC QX platform under the ticker symbol AXAHY.

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