AXA : 2018 underlying earnings impacted by natural catastrophes, but outlook attractive
>A 1.3% decline in underlying earnings anticipated for 2018 - AXA is due to publish full-year earnings on 21 February before market open. We forecast a 4.0% increase in revenues to € 102.4bn, notably due to the consolidation of XL Group in Q4 2018. We estimate AXA’s underlying earnings at € 5,925m in 2018, down 1.3% vs 2017 and well above the consensus (€ 5,901m). This decline stems from a number of factors: 1/ divestment of shares in AXA Equitable Holdings; 2/ antici...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.