AXA : Very good performance in P&C excluding AXA XL
>Strong growth in revenues - AXA released its H1 2019 earnings yesterday morning. Consolidated revenues clocked in at € 57.9bn (up 8% reported and 4% at constant currencies), beating forecasts. We note in particular better-than-expected premiums in France in Q2 and strong growth for AXA XL (+9% at cc, despite a 7% drop in property reinsurance premiums in natural catastrophes). The life insurance new business margin was good at 40.3% (stable at cc).Underly...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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