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Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

AXA : Good 2022 underlying earnings and new € 1.1bn share buyback programme

>Slight revenue growth - AXA reported its 2022 results yesterday. Group revenues came in at € 102.3bn (+3.4% on a reported basis, +2% l-f-l), in line with the consensus, with: 1/ +2% l-f-l in P&C, of which +5% for commercial lines excluding AXA XL Re and +4% for personal lines (and -27% for AXA XL Re due to the lower exposure to natural catastrophes); 2/ +16% l-f-l in health insurance; 3/ -5% l-f-l in life insurance & savings with a fall in life insurance premiums par...
Underlying
AXA
AXA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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