AXA : Underlying earnings better than expected in H1, € 1bn share buybacks launched
>Moderate revenue growth but with good selectivity - AXA released its H1 2022 results yesterday. Group revenues stood at € 55.1bn, +2.4% reported and +1% cc, just a shade above estimates (consensus € 54.6bn, our forecast € 54.7bn). Although the increase in revenues was small, AXA remains selective and continues to favour priority business lines. Indeed, we saw strong growth l-f-l for health insurance (+13%). The increase was more moderate in P&C (+1% cc), with +1% for...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.