AXA : 9M trends in the same vein as H1, nat cat costs expected to be in line with the full-year budget
>Continuing selective growth - AXA yesterday evening reported its activity indicators for 9M 2023 and is due to hold a conference call this morning. Total group revenues came in at € 78.8bn (+1% reported, +2% l-f-l), close to consensus expectations (€ 79.0bn, our forecast € 79.1bn). By business line, we note: 1/ in P&C insurance, premium growth of 7% l-f-l, with growth of 9% in commercial lines, 5% in personal lines and a drop of 3% in reinsurance (deliberate reducti...AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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