AXA : Sharp increase in the solvency margin in Q1 and 2023 underlying earnings in line
>Revenues a shade below expectations - AXA released its Q1 2023 activity indicators on Monday, 15 May, in addition to its pro-forma 2022 figures under IFRS 17. Group revenues came to € 31.8bn (+2% reported, +1% l-f-l), a shade below expectations (consensus € 31.9bn, our forecast € 32.4bn). In P&C, the group reported slightly better than expected revenues (+2% vs consensus), up 6% on a comparable basis, mainly driven by continued price increases, with premium growth 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.
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.
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