We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
AXA SA (QX) | USOTC:AXAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.02 | -6.04% | 31.40 | 30.95 | 31.68 | 31.65 | 31.04 | 31.254 | 150,087 | 21:14:29 |
By Ed Frankl
AXA SA said Thursday that first-quarter revenue rose, helped by its health and commercial-lines activities, and outlined the effect of Russia's war in Ukraine on its business.
Total gross revenue came to 31.31 billion euros ($33.26 billion) in the three months to the end of March, up from EUR30.73 billion last year, the French insurer said.
Quarterly revenue rose at its property & casualty and health segments by 2% and 6%, respectively, but fell at its life & savings business by 3%, on a comparable basis.
Commercial-lines insurance revenue rose 4%, while asset-management revenue was stable on a comparable basis at EUR392 million.
AXA said that while it is too early to provide precise guidance, it expects the net underwriting losses from the effects of the war in Ukraine to be "akin to a midsized natural-catastrophe event".
It has already stopped underwriting new insurance business with respect to Russian-owned assets located in Russia.
The company's Solvency II ratio--a measure of an insurer's financial strength--was 224% at March 31, up 7 percentage points from Dec. 31, 2021.
AXA said it has been repositioning its reinsurance portfolio with natural-catastrophe exposure already trimmed by 40% across first quarter's renewals.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
May 05, 2022 12:07 ET (16:07 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year AXA (QX) Chart |
1 Month AXA (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions