AXA: 2020 earnings down 18%

(CercleFinance.com) - AXA has reported 2020 net profit that is down 18% at 3.
16 billion euros, with operating profit falling 34% to 4.26 billion euros, on revenue that is down 7% at 96.7 billion euros (-1% at constant exchange rates).

With a solvency ratio of 200% at 31 December, up 20 points from the end of September, the insurance company says that its Board of Directors has decided to propose a dividend of 1.43 euro per share to shareholders.

AXA is confident in its growth momentum and says it has set the starting point for targets of its 2021-2023 plan for operating profit of 6.3 billion euros.


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