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]

AXA SA (OTCQX:AXAHY) Q1 2023 Earnings Conference Call May 15, 2023 5:00 AM ET Company Participants Anu Venkataraman - Head IR Alban de Mailly Nesle - Group Chief Financial Officer Grégoire de Montchalin - Group Chief Accounting and Reporting Officer Conference Call Participants Andrew Sinclair - Bank of America Peter Eliot - Kepler Cheuvreux William Hardcastle - UBS Farooq Hanif - JPMorgan William Hawkins - Keefe, Bruyette & Woods Henry Heathfield - Morningstar Inc. Michael Huttner - Joh. Berenberg, Goss ...

AXA SA (OTCQX:AXAHY) Q4 2022 Earnings Conference Call February 23, 2023 9:30 AM ET Company Participants Thomas Buberl - Group Chief Executive Officer Frederic de Courtois - Group Deputy Chief Executive Officer Alban de Mailly Nesle - Group Chief Financial Officer Patrick Cohen - Chief Executive Officer of AXA France Antimo Perretta - Chief Executive Officer of Europe & LATAM Scott Gunter - Chief Executive Officer of AXA XL Conference Call Participants Andrew Sinclair - Bank of America Operator Good afternoo ...

Financial Data and Key Metrics Changes - The company reported revenues of €38 billion, reflecting a 2% increase compared to the previous period, aligning with its strategic focus on growth in certain lines while reducing exposure in others [5][10] - The solvency ratio stands at 225%, indicating a robust balance sheet, although slightly down from the previous half-year [7][23] - The company completed a €1 billion share buyback program announced in August [9] Business Line Data and Key Metrics Changes - Property and Casualty (P&C) insurance grew by 3%, with Commercial lines in France and Europe increasing by 7% and 8% respectively [10] - Life insurance protection grew by 3%, primarily driven by Switzerland and Asia, while unit-linked products decreased by 12% due to the absence of a large corporate contract from the previous year [14][15] - Health insurance saw significant growth of 14%, driven by international business from AXA France [16] - Asset Management revenues increased by 2%, with net inflows of €18 billion from third parties [17] Market Data and Key Metrics Changes - Pricing momentum is strong across all regions, particularly in Commercial lines, with property insurance price increases at XL reaching 13% [20][21] - In Personal lines, pricing increases are noted, but inflation pressures are beginning to necessitate further adjustments, especially in the UK and France [22][39] Company Strategy and Development Direction - The company aims to maintain a flat cat load in euro terms while reducing exposure to natural catastrophes, indicating a strategic shift towards more balanced risk management [30][33] - The focus remains on profitable growth in preferred business lines, with a disciplined approach to pricing [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to mitigate the impact of natural catastrophes through improved investment income and pricing strategies [29] - The company anticipates continued pricing momentum and growth in preferred lines, despite inflationary pressures [34] Other Important Information - The estimated cost of Hurricane Ian for the industry is around €60 billion, with the company's share being approximately €400 million [8][27] - The company is actively negotiating its reinsurance program for 2023, aiming to maintain current attachment points while accounting for inflation [67] Q&A Session Summary Question: Insights on lapsed momentum in France and Italy - Management noted no significant changes in lapses, with some corporate contracts lost being acceptable, and retail lapses transferring to unit-linked products [38] Question: Pricing momentum in Personal lines - Management indicated that most geographies are managing well, with the UK needing more pricing momentum and France reaching a tipping point for necessary price increases [39][40] Question: Nat cat exposure and combined ratio expectations - Management aims to keep cat load flat in euro terms, with no expected impact on the attritional loss ratio [43] Question: Gross loss from Hurricane Ian - The gross loss from Hurricane Ian is estimated at $670 million [48] Question: Nat cat budget for 2023 - Management did not provide specific percentage figures but indicated intentions to maintain the nat cat load in euro terms [48] Question: Commercial lines pricing renewals - Management noted a slight slowdown in pricing increases in Q3, primarily due to specific lines like U.S. professional liability [66] Question: Nat cat exposure reduction strategy - Management confirmed a desire to maintain a balanced portfolio and reduce exposure to natural catastrophes, despite better pricing conditions [76] Question: Market appetite for back book disposal - Management reported continued strong interest from professional buyers in various markets, including Belgium and Germany [93]

AXA SA (OTCQX:AXAHY) Q4 2021 Earnings Conference Call February 24, 2022 9:30 AM ET Company Participants Andrew Wallace-Barnett - Investor Relations Thomas Buberl - Group Chief Executive Officer Frederic de Courtois - Deputy Chief Executive Officer Alban de Mailly Nesle - Chief Financial Officer Patrick Cohen - Chief Executive Officer of AXA France Antimo Perretta - Chief Executive Officer of Europe & LATAM Conference Call Participants Michael Huttner - Berenberg Farooq Hanif - Credit Suisse Andrew Sinclair ...

AXA SA (OTCQX:AXAHY) Q2 2021 Earnings Conference Call August 2, 2021 5:00 AM ET Company Participants | --- | |------------------------------------| | | | Andrew Wallace-Barnett - IR | | Thomas Buberl - Group CEO | | Frédéric de Courtois - Deputy CEO | | Alban Nesle - CFO | | Patrick Cohen - CEO-AXA France | | Scott Gunter - CEO-AXA XL | | Gordon Watson - CEO-Asia | | Marco Morelli - CEO-AXA IM | | Conference Call Participants | | Andrew Sinclair - Bank of America | | Dominic OÂ'Mahony - Exane | | Louise Mil ...

AXA SA (OTCQX:AXAHF) Q4 2020 Earnings Conference Call February 25, 2021 5:00 AM ET Company Participants Andrew Wallace-Barnett - Head of Inventor Relations Thomas Buberl - Chief Executive Officer Etienne Bouas-Laurent - Chief Financial Officer Scott Gunter - Chief Executive Officer, AXA XL Alban de Mailly Nesle - Group Chief Risk Officer & Investment Officer Jacques de Peretti - Chief Executive Officer, France Conference Call Participants Andrew Crean - Autonomous Peter Eliot - Kepler Cheuvreux James Shuck ...

Full Year 2020 Earnings presentation February 25, 2021 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNINGFORWARD-LOOKING STATEMENTS ANDTHE USE OFNON-GAAP FINANCIAL MEASURES | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...