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AXA SA (CS.VI)
| Previous close | 32.73 |
| Open | 32.59 |
| Bid | 31.71 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 32.27 - 32.59 |
| 52-week range | 25.60 - 35.33 |
| Volume | |
| Avg. volume | 51 |
| Market cap | 72.678B |
| Beta (5Y monthly) | 1.24 |
| PE ratio (TTM) | 11.20 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.98 (6.05%) |
| Ex-dividend date | 30 Apr 2024 |
| 1y target est | N/A |
- Reuters
Athora abandons plans to buy German run-off insurance portfolio from Axa
Athora Holding has given up on plans to buy a German portfolio of run-off life insurance policies from the French insurer AXA, it said on Thursday. The parties announced the sale of the portfolio, with a volume of 16 billion euros ($17.13 billion), for 660 million euros in 2022. But Athora, which describes itself as a savings and retirement services group, said on Thursday that financial conditions had changed, and it had mutually agreed with AXA not to pursue the deal for the portfolio of policies that is known as "run-off" because it is not taking on any new business.
- Reuters
AXA's first quarter sales rise 6%, led by policies to companies
AXA, Europe's second-biggest insurer, reported 6% growth in first quarter sales on Thursday, led by property damage insurance to companies, its biggest business line. Sales of AXA's so-called commercial lines, or insurance policies for companies, rose by 7% on a comparable basis to 12.1 billion euros, underpinned by its U.S. subsidiary AXA XL Insurance unit as well as higher prices in Turkey and in France and other European markets. Asked about the impact of the collapse of the Francis Scott Key Bridge in the U.S. city of Baltimore, Chief Financial Officer Alban de Mailly Nesle said he expected related insurance claims to cut less than 100 million euros from the group's pre-tax earnings in 2024.
- Reuters
UPDATE 1-Lloyd's insurers expect moderate Baltimore bridge claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement.
