Report
Benoit Valleaux

AXA : Solvency margin expected at 190% at end-September (including XL)

>Ongoing selectiveness - AXA will publish its activity indicators for the first nine months on 6 November after market, followed by a conference call on the morning of 7 NovemberWe expect the main activity indicators for the first nine months to follow on from what was seen in H1 2018, with, however, a much weaker forex impact in Q3 2018. XL Group will only be consolidated as of 1 October and therefore will not have an impact on the various activity indicators (b...
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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