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Chief executive Andrew Penn announced an new set of goals for the company as it continues expansion in Asia on the back of infrastructure investment.
The fundamental characteristics driving the financial protection and wealth management markets across Asia had not changed, despite fallout from the financial crisis, Mr Penn said during the company's annual strategy conference.
AXA APH's sales and discontinuances continued to hold up as customers shifted focus from wealth management to insurance.
"In Australia, our strengthening position in financial protection is extremely timely given the counter-cyclical nature of this market," Mr Penn said.
AXA finished October with capital of A$724 million (US$440.40 million) over regulatory requirements and having accessed A$280 million in debt facilities, the company said.
"There is no doubt 2008 has been a tough year and the outlook remains uncertain, particularly in the short term," Mr Penn said.
Over the next four years, AXA would seek to double its enterprise value and achieve other 2012 goals, including doubling the value of new business and doubling annualised premium income.
The company also will attempt to lower its cost to income ratio to less than 20 per cent for its Hong Kong unit, and less than 60 per cent for all of its other Asia-based units.
By 1059 AEDT, AXA was trading 1.1 per cent lower, or by four cents, at A$3.61.
(AAP)
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