AXA Results Were Solid But Light on Solvency -- Market Talk
Dow Jones
May 07
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.