Good End to 2017 for AXA
AXA reported a good set of 2017 results with underlying earnings up 5%. This has largely been driven by asset management in the United States and life and savings and nonlife in international. While we will reflect full-year 2017 results and roll our model, we don’t expect a major shift in our fair value estimate. We also maintain our no-moat and stable moat trend ratings.The international nonlife result has been driven by a rebound in commercial motor following some rate rises being put throug...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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