Following our last publication, Unlock The Future, Buy Rating Confirmed, the European election results penalized AXA SA's stock price (OTCQX:AXAHY, OTCQX:AXAHF). Before going into the details, the French company is one of the world's largest insurers. AXA operates primarily in the life and health (L&H), property and casualty (P&C), and asset management business. After a brief comment on the Q1 results (we cover the EU insurance sector with regular updates on Zurich and Allianz and regional insurer players s ...

BOISE, Idaho and PARIS, June 12, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that AXA XL's alternative capital team has selected Clearwater to provide strategic support for a portion of its investment portfolio. As one of the world's largest property and casualty re/insurers, AXA XL provides insurance and risk management products and services for mid-sized companies t ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Axa Sa (AXAHY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Axa Sa is a member of our Finance group, which includes 856 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector gro ...

Investors interested in stocks from the Insurance - Multi line sector have probably already heard of Axa Sa (AXAHY) and Zurich Insurance Group Ltd. (ZURVY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our ...

Financial Data and Key Metrics Changes - Revenues have remained stable, increasing by 3%, while underlying earnings have grown by 34% and organic cash has increased by 75% [5][9] - The company plans to increase underlying earnings per share growth from 3%-7% to 6%-8% and cash remittance from €14 billion to €21 billion, a 50% increase [16][17] Business Line Data and Key Metrics Changes - The commercial insurance segment accounts for 50% of the business, with AXA being the largest global underwriter of corporate risks [5][6] - The health and employee benefits segment is the number one in Europe, with around €20 billion in premiums [22] - The retail insurance segment is expected to grow at a rate in line with GDP, focusing on proprietary distribution channels and productivity improvements [52][80] Market Data and Key Metrics Changes - The company has a strong presence in Europe, Japan, and 15 emerging markets, ranking among the top three in many regions [6] - The company aims for a growth rate of about 5% per year in the top line over the next three years, driven by organic growth initiatives [32] Company Strategy and Development Direction - The new strategic plan, "Unlock the Future," focuses on rigorous execution, organic growth, technical capabilities, and operational excellence [12][13] - The company aims to enhance its engagement in climate transition and inclusive insurance, targeting underserved markets in Europe [15] Management's Comments on Operating Environment and Future Outlook - Management believes the macro environment will remain challenging but sees opportunities in areas like retirement, healthcare, and generative AI [10][11] - The company has demonstrated resilience in a difficult environment and aims to continue delivering predictable earnings [11][99] Other Important Information - AXA has returned approximately €13 billion in dividends and share buybacks, representing about 30% of the market cap at the beginning of the previous plan [8] - Employee satisfaction has significantly improved, with the employee net promoter score rising from -5 in 2017 to +40 [14] Q&A Session Summary Question: What are the key initiatives for growth? - Management highlighted three main initiatives: driving organic growth, enhancing technical capabilities, and improving operational excellence [20][23] Question: How does AXA plan to manage its combined ratio? - The company aims to improve its combined ratio by 2 points over the plan period, with a focus on turning around underperforming segments [39][80] Question: What is the outlook for the commercial lines business? - The commercial lines business is expected to grow above GDP, particularly in the mid-market segment, with significant opportunities identified in Europe and selective expansion in the U.S. [41][42]

Earnings presentation February 22, 2024 Full Year 2023 GIE_AXA_Confidential AXA's 2023 Activity Report is current as of the date hereof. The final version of AXA's 2023 Activity Report will be published as part of AXA's Universal Registration Document for the year ended December 31, 2023, which is expected to be filed with the AMF by the end of March 2024. €6.5bn Cash remittance New capital management policy* IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS AND THE ...

ChristopherBernard/E+ via Getty Images Foreword This article is based on Bloomberg Business Week's The Year Ahead special edition published January 15-March 24, 2024. 50 stocks therein were touted as "Companies to Watch." This is a "global list of stocks that merit a closer look for better or for worst." Bloomberg Intelligence tracks some 2,000 companies from finance to food and this year its analysts have identified 50 that warrant a closer look based on BI's list of Focus Ideas. The analysis combines cont ...

Investors looking for stocks in the Insurance - Multi line sector might want to consider either Axa Sa (AXAHY) or Zurich Insurance Group Ltd. (ZURVY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strate ...

Investors with an interest in Insurance - Multi line stocks have likely encountered both Axa Sa (AXAHY) and Zurich Insurance Group Ltd. (ZURVY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores high ...

Financial Data and Key Metrics Changes - Total revenues increased by 2% to €79 billion, with a strong balance sheet reflected in a Solvency II ratio of 230% [4][18] - The company is on track to deliver earnings outlook of above €7.5 billion underlying earnings in 2023 [20] Business Line Data and Key Metrics Changes - Property & Casualty (P&C) revenues were up 7%, with commercial lines growing by 9% driven by price increases and volume [6][8] - Life revenues remained stable, with protection up 3% and capital-light general account up 12%, while traditional general account premiums were down 13% [11][12] - Health premiums were down 7% due to the non-renewal of two large international group contracts, but organic growth was 7% when excluding these contracts [13] Market Data and Key Metrics Changes - In the U.S., AXA XL Insurance saw price increases of 4% on renewals, with North America property prices up 19% [6][10] - In Europe, favorable price effects were noted at 5% in France and 4% across Europe [7] Company Strategy and Development Direction - The company focuses on core markets where it has leading positions, as evidenced by the acquisition of Laya in Ireland and the disposal of a joint venture in India [5] - The strategy includes reducing exposure in non-core markets and prioritizing profitable lines of business [5][19] Management's Comments on Operating Environment and Future Outlook - Management highlighted several headwinds for the second half of the year, including higher health claims frequency in the U.K. and elevated lapses in Italy [20][26] - The company remains confident in achieving its in-force management target of €30 billion to €50 billion by year-end [4] Other Important Information - The company has reduced its natural catastrophe exposure by approximately 35% this year, with a nat cat budget of 4 points for the year [9][23] - Average assets under management in Asset Management decreased by 5%, reflecting unfavorable market conditions, but net flows were flat [16][17] Q&A Session Summary Question: Nat cat budget allocation and Q4 outlook - Management confirmed that the nat cat budget is 4 points overall, with Hurricane Otis estimated to cost around €200 million, which is about 40% of the Q4 budget [22][23] Question: Headwinds in Q3 compared to H1 - Management stated that the headwinds in Q3 were consistent with those in H1, with no worsening in health claims or lapses [25][26] Question: Pricing trends in North America Professional lines - Management noted that pricing remains profitable despite increased competition and fewer business opportunities [24] Question: Capital generation expectations for Q4 - Management indicated that Q4 capital generation is expected to be in line with Q3, with no significant structural headwinds anticipated [56][58] Question: Regulatory attention on private assets - Management acknowledged increased regulatory scrutiny but noted no significant pressure affecting their asset management flows [56][59]