AXA : The group has taken measures to reduce the volatility of AXA XL’s underlying earnings
>Underlying earnings in line with our forecast - Yesterday morning, AXA reported its 2019 results. Its consolidated revenues came to € 103.5bn, up 1% reported and 5% l-f-l with healthy growth from the favoured segments. 2019 underlying earnings came to € 6,451m (+4% reported, +2% l-f-l) fully in line with our forecast and 0.8% higher than the consensus, with good underlying earnings in France and internationally, while AXA XL's underlying earnings were impacted by var...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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