0557 GMT - AXA's revenues and solvency highlight that it has had an outstanding start of the year, Berenberg says in a research. This was driven by the French insurer's better-than-expected revenue growth, with premiums up 7% on a like-for-like basis as well as strong life net inflows, which is a key driver of life earnings, analyst Michael Huttner writes. AXA kept its natural catastrophe combined ratio guidance for the year despite being below budget for the first quarter. "We believe this means that AXA has a buffer in terms of solvency ratio equivalent to 1ppt above the reported 213%," he adds. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 01:57 ET (05:57 GMT)
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