Report
Benoit Valleaux

AXA : Expected fall in the solvency margin but the group is capable of withstanding the crisis

>Slight contraction in revenues expected in Q1 - AXA will report its Q1 2020 activity indicators on Tuesday 5 May after trading with a conference call scheduled for the morning of 6 May. Note that the activity indicators will be marked by changes of scope, notably the sale of AXA Equitable Holding, and to a lesser extent the integration of Tian Ping in China. The group’s activity in Q1 was partly affected by the crisis, but the effects are likely to be more visible in...
Underlying
AXA
AXA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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