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    CS   FR0000120628

AXA

(CS)
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Real-time Quote. Real-time Euronext Paris - 05/11 11:39:19 am
22.57 EUR   -2.06%
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AXA : France's Axa posts 3% drop in Q1 revenue, confirms XL guidance

05/04/2021 | 12:10pm EDT

PARIS, May 4 (Reuters) - French insurer Axa SA on Tuesday reported a 3% drop in revenue in the first quarter of the year and confirmed the 2021 guidance for its company-focused insurance unit XL which was badly hit last year by the pandemic.

Europe's second-biggest insurer behind German Allianz said revenue was down 4% in property and casualties insurance and down 4% in life insurance and savings.

Axa said in a statement that Axa XL, which provides insurance for companies, was on track to reach its 1.2 billion euros ($1.44 billion) underlying result target in 2021 after the unit posted an 1.4 billion euros loss last year.

"The price increase is very strong", Axa Chief Financial Officer Etienne Bouas-Laurent told reporters when asked about the XL unit. ($1 = 0.8321 euro) (Reporting by Matthieu Protard; editing by Jonathan Oatis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ SE -2.00% 210.9 Delayed Quote.7.22%
AXA -2.06% 22.57 Real-time Quote.18.11%
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Financials
Sales 2021 99 189 M 121 B 121 B
Net income 2021 6 518 M 7 920 M 7 920 M
Net cash 2021 7 224 M 8 777 M 8 777 M
P/E ratio 2021 8,43x
Yield 2021 6,58%
Capitalization 54 992 M 66 876 M 66 817 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 23,05 €
Spread / Highest target 30,2%
Spread / Average Target 9,75%
Spread / Lowest Target -17,1%
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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