Report
Benoit Valleaux

AXA : Un RO 2018 impacté par les catastrophes naturelles, mais des perspectives attractives

>Baisse attendue du RO de 1,3% en 2018 - AXA publiera jeudi 21 février prochain avant Bourse son résultat 2018. Nous prévoyons une hausse de 4,0% des revenus à 102,4 Md€, qui bénéficieront notamment de la consolidation de XL Group au T4 18. Nous estimons que le RO d’AXA devrait s’élever à 5 925 M€ en 2018, en baisse de 1,3% par rapport à 2017, à un niveau très légèrement supérieur au consensus (5 901 M€). Cette baisse résulte de plusieurs facteurs : 1/ cession de titr...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch