AXA : Stronger balance sheet and solid underlying earnings despite AXA XL
>Favourable operating momentum despite AXA XL - AXA is due to publish its 2019 earnings on 20 February before market. We forecast near-stability in revenues of € 102.2bn (vs € 102.4bn in 2018), with a significant impact from changes in scope (full-year integration of XL, disposal of AEH's shares last year). We forecast significant growth in AXA’s underlying earnings which should come to € 6,455m in 2019, up 4.4% vs 2018 (down an estimated 3.5% in H2 2019 alone due to ...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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