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Axa is targeting an adjusted return on equity, a key measure of profitability, of 12% to 14% between this year and 2020. (AP Photo/Christophe Ena, File)

(Bloomberg) – Axa SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting savings and health. The firm may also seek acquisitions to boost growth.

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