The insurer is aiming for underlying returns on equity of 15% to 17% over the plan period.
AXA has unveiled its financial and strategic targets for the 2027 to 2029 plan period, aiming to leverage its multi-line business model, balance sheet strength, and margins to drive organic growth and market share gains.
As part of this strategy, the company plans to scale its use of artificial intelligence to strengthen its market position.
Under the 2027 to 2029 plan, AXA targets an underlying earnings per share compound annual growth rate (CAGR) of 7% to 9% from 2026 estimates to 2029 estimates.
The group expects to achieve an underlying return on equity (ROE) between 15% and 17% over the three-year period.
Additionally, AXA aims for a mid-teens CAGR in book value per share from 2026 to 2029 estimates, inclusive of cumulative dividends.
The company projects organic cash upstream to reach approximately $28.9b (€25b) cumulatively over 2027 to 2029, alongside a total payout ratio target of 75% under its capital management policy.
For 2026, AXA expects its underlying earnings per share growth to reach the top end of its 6% to 8% target range.
The company also anticipates its underlying ROE for 2026 to hit the upper bound of its 14% to 16% target range.
($1.00 = €0.87)