By Sarah Sloat

AXA SA (CS.FR) said Wednesday that it has progress in simplifying the company's structure and raised its payout target and 2020 return-on-equity target.

The French insurer now expects an adjusted ROE of between 14% and 16% in 2020 compared with 12% to 14% previously. As of 2018, AXA's dividend payout ratio range is 50% to 60%, up from 45% to 55%, the company said ahead of its investor day.

"The progress made in transforming the group's profile, along with our confidence in continued strong operational delivery across all geographies, has led us to review our capital-management policy," the company said regarding its adjusted payout target.

AXA confirmed its operating free cash-flow target.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

November 28, 2018 03:36 ET (08:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Grafico Azioni Axa (EU:CS)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Axa
Grafico Azioni Axa (EU:CS)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Axa