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AXA is holding today an Investor conference on its Solvency II position and Capital Management framework

Dec 3, 2015

The following are the key financial highlights:

  • Solvency II ratio at 212% as at September 30, 2015 under AXA's internal model which was approved by the ACPR on November 18, 2015.
  • Solvency II ratio is resilient to a wide range of financial and non-financial shocks.
  • Clearly defined capital management framework with 170-230% as central target range of Solvency II ratio.
  • Dividend payout ratio range increased to 45-55% of Adjusted Earnings.
  • Higher annual Operating Free Cash Flow by ca. Euro 0.5 billion under Solvency II resulting from lower Life & Savings new business capital consumption.
  • Remittance ratio target confirmed at 75-85%.

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