AXA : Improving profitability and strengthening financial flexibility
>Underlying earnings expected to be up sharply vs 2020 - AXA is due to report its 2021 earnings before trading on Thursday 24 February. We forecast premiums of € 99.7bn (+3.1%) for 2021 (or € 23.8bn in Q4 2021, +1.8%), slightly above the consensus (€ 99.5bn), with strong growth in France and in AM. The group is expected to continue to improve its product mix with projected growth in its priority business lines. In life insurance, we see a high new business margin of ...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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