AXA : Good underlying earnings despite one-off items
>Better than expected underlying earnings despite nat. cat. charges in Q4 - Yesterday morning, AXA reported its earnings for 2018. Gross revenues came in at € 102.9bn, up 4% on a reported basis and like-for-like. The group's underlying earnings for 2018 came to € 6,182m (+3% reported, +6% at constant forex), higher than forecast (consensus at € 5,901m, our forecast at € 5,925m). This was in spite of a greater-than-expected loss at AXA XL (-€ 233m vs consensus at -€ 1...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.