Report
Benoit Valleaux

AXA : Projected improvement in the solvency margin at end-March

>Business expected to be down slightly in Q1 - AXA will report its Q1 2021 activity indicators on Tuesday 4 May after trading with a conference call scheduled for the following morning. We forecast total revenues of € 31.182bn (-1.5%), in line with the consensus (€ 31.183bn). The slight drop in revenues is set to be driven by: 1/ the disposals undertaken by the group last year, mainly concerning its insurance operations in CEE, 2/ an unfavourable forex impact (in part...
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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