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AXA

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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AXA 1Q Revenue Rose, Solvency Ratio Improved

05/04/2021 | 10:03am EDT

By Joshua Kirby

AXA SA said Tuesday that revenue in the first quarter increased on a comparable basis, driven by growth in the company's preferred segments.

The French insurer posted revenue of 30.7 billion euros ($37.04 billion), up 2% on a comparable basis from the same period the previous year.

Revenue in the preferred-segments division came to EUR19.9 billion, up 3% on the same basis, with asset management seeing the biggest increase at 17% on the year.

Annual premium equivalent came to EUR1.63 billion, down from EUR1.71 billion the previous year. AXA's solvency II ratio --a key measure of financial strength for insurance companies-- was 208% at the end of the quarter, up 8 percentage points from the end of 2020.

U.S. subsidiary AXA XL delivered a revenue increase of 4% in the quarter, thanks to price increases and underwriting discipline, the company said. The business is set to meet its EUR1.2 billion underlying earnings target for 2021, despite catastrophe costs from the severe winter freeze in Texas.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

05-04-21 1203ET

Stocks mentioned in the article
ChangeLast1st jan.
AXA 1.40% 22.875 Real-time Quote.17.24%
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
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Financials
Sales 2021 99 053 M 120 B 120 B
Net income 2021 6 515 M 7 910 M 7 910 M
Net cash 2021 7 224 M 8 772 M 8 772 M
P/E ratio 2021 8,37x
Yield 2021 6,63%
Capitalization 54 587 M 66 254 M 66 281 M
EV / Sales 2021 0,48x
EV / Sales 2022 0,60x
Nbr of Employees 110 278
Free-Float 79,8%
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Technical analysis trends AXA
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 25,29 €
Last Close Price 22,88 €
Spread / Highest target 31,1%
Spread / Average Target 10,6%
Spread / Lowest Target -16,5%
EPS Revisions
Managers and Directors
NameTitle
Thomas Buberl Chief Executive Officer & Director
Etienne Bouas-Laurent Chief Financial Officer
Denis Pierre Marie Duverne Chairman
Astrid Stange Chief Operating Officer
Albam de Mailly Nesle Chief Risk & Investment Officer
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