Earnings Call Summary | AXA SA Sponsored ADR(AXAHY.US) Q4 2023 Earnings Conference
Earnings Call Summary | AXA SA Sponsored ADR(AXAHY.US) Q4 2023 Earnings Conference
The following is a summary of the AXA SA (AXAHY) Q4 2023 Earnings Call Transcript:
以下是安盛集團（AXAHY）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Despite a stable revenue increase of about 3% over seven years, AXA achieved a 34% increase in underlying earnings and a substantial 75% increase in organic cash.
AXA is moving into the future with an increased target for underlying earnings per share from the previous range of 3-7% to a new range of 6-8%. Similarly, the return on equity is estimated to increase from the previous 13-15% range to a new 14-16% range.
Cash remittance is projected to increase from €14 billion to €21 billion, 50% higher than the previous plan.
AXA aims to increase its underlying earnings per share by 6% to 8% annually through a focus on cash and capital generation, which is expected to see €21 billion of remittance for AXA SA over the next three years.
The company forecasts underlying earnings growth of 6% to 8%, with 2% coming from share buybacks and 4% to 6% from underlying earnings growth, despite factors like the reversal of discount benefits, increasing natural catastrophe load, peak prices at AXA XL, and the impact of the OECD tax reform.
儘管七年來收入穩定增長約3％，但安盛實現了34％的基礎收益增長和75％的有機現金大幅增長。
安盛正在走向未來，將每股基礎收益的目標從之前的3-7％提高到6-8％的新區間。同樣，估計股本回報率將從之前的13-15％區間增加到新的14-16％區間。
現金匯款預計將從140億歐元增加到210億歐元，比之前的計劃高出50％。
AXA的目標是通過專注於現金和資本創造，每年將其基礎每股收益提高6％至8％，預計未來三年AXA SA將獲得210億歐元的匯款。
該公司預測基礎收益增長6％至8％，其中2％來自股票回購，4％至6％來自基礎收益增長，儘管存在折扣福利逆轉、自然災害負擔增加、AXA XL的峯值價格以及經合組織稅收改革的影響等因素。
Business Progress:
業務進展：
AXA SA reinforced its strong footprint in Japan through multiple distribution channels and aims to rejuvanate the CCI distribution.
The company targets lowering the average age of distributors and adjusting incentive structures, and leveraging technology to digitally empower physical distribution channels.
AXA's new plan, the Unlock the Future strategy, aims to drive higher organic growth and scale technical capabilities.
AXA sees potential in emerging markets, expecting them to contribute to 35% of its business by 2050.
Significant investment will be made in CAT business, where they are utilizing satellite imaging and geolocalization to reduce AXA's global CAT market share.
AXA is focusing on expanding its employee benefits for SMEs, developing further in the life insurance segment, increasing productivity, and offshoring more with the help of AI.
AXA UK Retail division plans to restore retail profitability through tighter expense management, and in the Employee Benefits division, the emphasis is on growth, particularly among SMEs, and on quicker, more precise renewal processes.
AXA France has increased the size of its distribution network and investments in technology, achieving strong growth in its digital franchise, Direct Assurance.
AXA SA通過多種分銷渠道鞏固了其在日本的強大影響力，旨在重振CCI的分銷。
該公司的目標是降低分銷商的平均年齡，調整激勵結構，並利用技術爲實體分銷渠道提供數字化支持。
安盛的新計劃，即 “解鎖未來” 戰略，旨在推動更高的有機增長並擴大技術能力。
安盛看到了新興市場的潛力，預計到2050年，新興市場將爲其35％的業務做出貢獻。
將對CAT業務進行大量投資，他們正在利用衛星成像和地理定位來減少AXA的全球CAT市場份額。
安盛專注於擴大中小企業的員工福利，進一步發展人壽保險領域，提高生產力，並藉助人工智能進行更多離岸外包。
安盛英國零售部門計劃通過更嚴格的費用管理來恢復零售盈利能力，而員工福利部門的重點是增長，尤其是中小企業的增長，以及更快、更精確的續訂流程。
法國安盛擴大了分銷網絡的規模和技術投資，其數字特許經營權Direct Assurance實現了強勁增長。
More details: AXA SA Sponsored ADR IR
更多詳情： AXA SA贊助的ADR IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。