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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Axa | EU:CS | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.67 | -1.92% | 34.25 | 34.21 | 34.29 | 34.92 | 33.94 | 34.78 | 5,263,019 | 16:40:00 |
From Apr 2021 to Apr 2024
--AXA and Zurich Insurance Group want to sell legacy life-insurance portfolios with high-interest obligations, Handelsblatt reports, citing unnamed sources.
--Zurich is offering up to 800,000 policies with a face value of around EUR20 billion, while AXA has a portfolio with a nominal volume of around EUR15 billion on offer. Both could be valued at an equity value of up to EUR500 million if sold, Handelsblatt says, citing a source.
--A sale would allow the insurers to streamline their balance sheets and reduce the complexity of operations, according to Handelsblatt.
Full story: https://bit.ly/3qPwK2a
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 31, 2022 09:03 ET (13:03 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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