AXA : H1 2019 earnings set to be characterised by the deconsolidation of the US business and the AXA XL contribution
>Sound underlying earnings growth in H1 - AXA is due to report its H1 2019 earnings on Thursday 1 August before trading. We expect robust premium growth in reported terms (+6.8% reported in H1) and significant underlying earnings growth to € 3.62bn (+9.8%), which is higher than the consensus (€ 3.505bn). AXA’s H1 earnings will include significant changes in scope, with a decline in the stake in AXA Equitable Holdings (AEH) in the US (average of 53% in H1 2019 vs 93% i...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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