AXA reveals strategy to overcome COVID impact

Dienstag, 01. Dezember 2020 10:16

French multinational insurance group AXA SA revealed on Tuesday its strategic plan to overcome the negative impact of the coronavirus pandemic, based on a project called Driving Progress 2023.

AXA's Chief Executive Thomas Buberl defined five strategic pillars related to the expansion of health and protection, the accelerated efficiency via a simplified customer's experience, the strengthening of underwriting performance, the preservation of the company's climate leadership position and the cash-flows growth across the group.

According to the released material that will be presented at the Virtual Investor Day event, AXA forecasts an average operating profit per share growth of 3-7% per year until 2023 and an operating return on equity of between 13% and 15% over the same period.

Related Links: AXA S.A.
Baha Breaking News (BBN) / CG