AXA : Continuation of price increases and anticipated deterioration in the solvency margin in Q1, but still at a very comfortable level
>Increase in gross written premiums - AXA is due to publish Q1 2023 activity indicators on 15 May, which will for the first time be based on new IFRS 17 accounting norms. We forecast total revenues of € 32.4bn in Q1 2023 (+3.9%), ahead of the consensus (€ 31.9bn, +2.2%), with the gap notably stemming from our forecast for more favourable momentum in life insurance and savings. We forecast growth at all of the group's business lines. In P&C, we forecast premium growth ...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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