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

AXA : RN marginalement inférieur, plan en ligne, hausse du retour de capital

>Le RO 2023 a été très légèrement inférieur aux attentes - AXA a publié hier son RN 2023. Les revenus se sont élevés à 102.7 Md€ (+1% en publié, +3% à données comparables), en ligne avec les attentes. Le RO du groupe a atteint 7 604 M€ (+25% vs 2022 en IFRS 17), très légèrement inférieur aux attentes (-1.1% vs consensus, -0.6% vs notre prévision). En dommages, le RO a été de 5 012 M€, 2.5% au-dessus du consensus, malgré un ratio combiné moins bon que prévu de 93.2% (v...
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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