AXA SA ADR (AXAHY) Quote - PINX | Morningstar

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AXA Q1 2022 Activity Indicators Show a Business Continuing To Orientate Toward Preferred Risks

Equity Analyst Henry Heathfield

Henry Heathfield, CFA Equity Analyst

Analyst Note

| Henry Heathfield, CFA | May 6, 2022

AXA has reported indicators for the first quarter of 2022 showing a firm that continues to pursue preferred risks. Total revenue within property and casualty climbed 2% to EUR 18.0 billion with stronger growth coming from commercial lines and movement away from reinsurance. Growth in commercial predominantly came from Germany, Switzerland, and AXA Assistance as the company sees a recovery in travel insurance. Within the personal lines segment of property and casualty, investors have seen a 1% decline in motor insurance revenue. Nonmotor has shown a 5% increase.

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AXA SA ADR's Company Profile

Business Description

AXA is one of the largest multiline insurance companies that we cover within European insurance. Since the company's takeover of XL Group, AXA has started to morph from a predominantly life and savings business with geographical operations primarily focused on its home market of France, as well as Europe, into a company that has a heavier weighting to nonlife insurance, specifically larger commercial corporates. While insuring businesses is not something new to AXA, the XL Group acquisition did move the commercial portfolio from a small and medium enterprise orientation, to capabilities that can handle much larger entities. Geographically, this has also meant a shift to North American exposure and tilting the company's profits away from financial markets.

Contact

25, Avenue Matignon
Paris, 75008, France

T +33 140755700

Sector Financial Services

Industry Insurance - Diversified

Most Recent Earnings Dec 31, 2007

Fiscal Year End Dec 31, 2022

Stock Type —

Employees 110,477

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