AXA : Fall in the solvency margin expected at end-September, but we reiterate our Buy rating on the share
>Activity indicators will continue to be affected by changes in scope - AXA will publish its activity indicators for the first nine months of 2019 on 6 November after the close of trading, with a conference call scheduled on the morning of 7 November. We expect revenues to be up 4.6% in the first nine months of 2019 (-3.9% in Q3 2019). These revenues factor in various non-recurring items, notably including the acquisition of XL Group at the end of Q3 2018, but also on...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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