AXA : Selective growth continues
>Growing revenues in the group's target markets - AXA yesterday evening released its activity indicators for Q1 2022 (conference call scheduled for this morning). Total group revenues came to € 31.3bn (+1.9% reported, +1% l-f-l), close to expectations (consensus € 31.0bn, our forecast € 31.5bn). AXA continued to grow on these favoured markets, with a l-f-l increase of 2% in P&C insurance of which +4% for commercial lines insurance excluding AXA XL Re, 6% in health i...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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