Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Axa    CS   FR0000120628

AXA (CS)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Axa : French Insurer AXA Files For IPO of U.S. Unit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 01:13am CEST
By Maria Armental 

French insurance company AXA SA has filed preliminary documents for an initial public offering of its U.S. life-insurance operations.

The insurance group, which would keep the sale proceeds and retain control of the company, has said the listing would give more flexibility to its U.S. arm, which includes AXA Equitable Holdings Inc. and a majority stake in fund manager AllianceBernstein Holding LP.

Following the planned IPO, the portion of the AllianceBernstein business not controlled by AXA would remain a separate publicly traded entity.

The Wall Street Journal reported in May that AXA was interested in pursuing an IPO for its U.S. arm.

The decision comes as profitability in the industry has been hurt by low interest rates following the financial crisis.

AXA Equitable Holdings, filed Monday with the Securities and Exchange Commission, said it planned to raise up to $100 million in its IPO. However the $100 million figure is often used as a placeholder to determine filing fees and is often changed. The filing didn't contain information on which exchange shares would trade.

AXA Equitable Holdings on Monday said it earned a profit of $265 million in the first six months of 2017, down from $1.66 billion from the comparable 2016 period. Excluding investment gains and losses and other items, operating earnings stood at $641 million as of June 30, up from $523 million in the year-ago period.

Revenue fell 15% to $7.02 billion.

The company would have a book value -- or assets minus liabilities -- of roughly $14.87 billion, according to the filing.

AXA Equitable Holdings is one of America's oldest life insurers, founded in 1859 in New York, and was long known as Equitable Life Assurance Society of the U.S. AXA acquired it in 1992.

AXA's move follows MetLife Inc.'s spinoff of its insurance operation.

Manulife Financial Corp. is also considering a spinoff or IPO of the Boston-based John Hancock Financial Services unit.

Write to Maria Armental at maria.armental@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AXA
04:11aInsurers call for delay in prising open 'black box' accounts
RE
10/16AXA : announces the Subscription Prices for its 2018 employee share offering (Sh..
PU
10/07AXA : Mansard, Paystack partner for seamless transaction
AQ
10/04AXA : Mansard, Paystack partner for seamless transaction
AQ
10/04AXA : #1 Global Insurance Brand for the 10th consecutive year, partners with Liv..
PU
10/04AXA : becomes Official Global Insurance Partner of Liverpool Football Club
PU
09/24AXA : Bharti AXA Life Insurance introduces claim processing through WhatsApp
AQ
09/23AXA : Mansard, Paystack partner on seamless transaction
AQ
09/20AXA EQUITABLE : Life Names Aaron Sarfatti Chief Risk Officer
AQ
09/20AXA : Mansard, Paystack partner on seamless transaction
AQ
More news
News from SeekingAlpha
10/08AXA Delivering On Its Pledges, And The Market Is Starting To Notice 
10/02ITALY : Don't Say You Haven't Been Warned! 
10/01Dividend Champions For October 2018 
09/28European banks sink as Italy set for battle with EU over budget 
09/20SCOR : The Next Takeover Target In The Insurance Space? 
Financials (€)
Sales 2018 106 B
EBIT 2018 7 391 M
Net income 2018 5 805 M
Debt 2018 -
Yield 2018 5,91%
P/E ratio 2018 9,06
P/E ratio 2019 8,16
Capi. / Sales 2018 0,52x
Capi. / Sales 2019 0,49x
Capitalization 54 655 M
Chart AXA
Duration : Period :
Axa Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AXA
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 27,3 €
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Thomas Buberl Chief Executive Officer & Director
Denis Pierre Marie Duverne Chairman
Astrid Stange Chief Operating Officer
Gérald Harlin Group Chief Financial Officer
François Martineau Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AXA-8.71%63 143
PRUDENTIAL-17.69%53 450
METLIFE-13.43%43 604
PRUDENTIAL FINANCIAL-15.29%40 766
AFLAC-0.16%33 822
MANULIFE FINANCIAL CORP.-21.74%31 226