AXA : More favourable policy for shareholder returns
>Target for growth in underlying earnings per share reiterated - At its investor day yesterday, AXA confirmed its target for average annual growth in its underlying earnings per share of between 3% and 7% over 2015-2020 and it is still aiming for total free operating cash flow generation of € 28bn-32bn for 2016-2020. In contrast, it raised its adjusted RoE target to 14-16% (vs 12-14% previously) due to the favourable operating momentum and the impairment of goodwill ...AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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