AXA : Cost of Hurricane Ian less than expected and limited IFRS 17 impact
>Continuing growth in key markets - AXA reported its activity indicators for 9M 2022 yesterday evening (presentation this afternoon). Group revenues came to € 78.4bn in 9M 2022, +3.2% reported (+2% l-f-l), slightly beating expectations (consensus and our forecast at € 77.4bn), with higher than forecast revenues in health insurance and P&C insurance. The group continues to grow in its key markets: 1/ +3% l-f-l in P&C insurance, with +6% in commercial P&C insurance excl...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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