0601 GMT - AXA's activity indicators were broadly as expected with higher revenue and health as a standout performer, Jefferies says in a note after the French insurer's first-quarter print. However, the group's solvency II ratio at 213% was short of consensus' 216% due to government spread widening and a trivial regulatory model change, analyst Philip Kett writes. "Given the recent geopolitical news, we imagine the market is more sensitive to market movements since 1Q ended, and we wonder whether management will provide colour on this in [the] call," he notes. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 02:02 ET (06:02 GMT)
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