AXA : Significant loss expected for AXA XL before anticipated rebound as of 2021
>A 31% decline in underlying earnings anticipated for 2020 - AXA is due to publish FY 2020 earnings on 25 February. We forecast revenues of € 96.3bn in 2020 (-7.0%) a shade below the consensus and underlying earnings of € 4,447m (-31.1%), just above the consensus forecast (€ 4,367m, -32.3%), with the difference essentially stemming from our forecasts for underlying earnings in Europe and in Asia (probably linked to the decline in the claims rate in automotive insuranc...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.
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