AXA : Favourable underlying trends, but H2 nat cat cost set to be high for AXA XL
>Good top-line growth with a favourable business mix - Yesterday evening, AXA reported its activity indicators for 9M 2019. Its revenues came to € 79.7bn, up 5.1% reported and 5% l-f-l (vs respectively +8% and +4% in H1 2019). AXA continued to exhibit favourable sales momentum in its core businesses with a 5% increase l-f-l in revenues in P&C of which +7% in the commercial line (+2% in the personal segment), 6% in health and 3% in protection. In life insurance, the n...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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