|Bid||204.80 x 214900|
|Ask||204.85 x 10000|
|Day's range||201.10 - 207.15|
|52-week range||156.22 - 224.35|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||12.57|
|Earnings date||12 May 2023|
|Forward dividend & yield||10.80 (4.92%)|
|Ex-dividend date||05 May 2022|
|1y target est||245.60|
French insurer AXA posted lower-than-expected full-year earnings on Thursday as the rise in interest rates weighed on the valuation of its bond assets but raised its 2023 targets. "The year 2022 was marked by major political and economic events -- the war in Ukraine, the energy crisis, inflation -- all of which have made the environment difficult and uncertain," said Frederic de Courtois, the deputy chief executive, in a call with journalists. The Paris-based company said the fall in value of its bond assets cut 482 million euros from its net income last year, as a general rise in interest rates hit the valuation of the company's bond assets, whose prices decline when interest rates rise.
Germany's Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a U.S. funds scandal and as a higher investment margin boosted its life and health insurance business. But its asset management division - which includes bond giant PIMCO - saw lower revenues and fees as total assets under management dropped 18% during the year. The bounce-back in profit marked a return to business as usual for Allianz, which has been trying to restore its reputation after one of its funds units, Allianz Global Investors, was dogged with a fraud case in the United States that resulted in $6 billion in settlements and fines in May.
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