- AXA’s underlying profit was €4.47 billion, marking a 5.2% increase from the previous year, surpassing the estimated €4.39 billion.
- The Property & Casualty segment reported an underlying profit of €3.07 billion, a 5.5% increase year-on-year, slightly below the expected €3.08 billion.
- Life & Health segment achieved an underlying profit of €1.81 billion.
- Net income amounted to €3.92 billion, reflecting a 2.4% decrease year-on-year, which was lower than the estimated €4.69 billion.
- Total revenue reached €64.25 billion, an increase of 7.3% year-on-year, narrowly missing the forecast of €64.52 billion.
- Property & Casualty revenue was €34.1 billion, which is a 4.9% increase year-on-year, though below the predicted €34.56 billion.
- Life & Health revenue rose by 10% year-on-year to €29.2 billion.
- The Solvency II ratio was 220%, slightly under the estimated 220.2%.
- The Property & Casualty combined ratio improved to 90% compared to 90.2% the previous year.
- AXA remains optimistic about achieving 6%-8% compound annual growth rate in underlying earnings per share from 2023 to 2026.
A look at AXA SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AXA SA, a prominent insurance company and financial services provider, has received a mixed outlook according to Smartkarma Smart Scores. While demonstrating strength in areas like dividends and growth, scoring a 5 and 4 respectively, AXA shows moderate performance in value and resilience, with scores of 3 for both aspects. The company’s momentum, rated at 4, indicates a positive trend in its overall market performance. This combination of scores suggests a stable long-term outlook for AXA SA, with a solid foundation in dividends and growth potential.
Overall, AXA SA is a diversified insurance company with a global presence, providing a wide range of insurance, savings, pension products, and asset management services. Its Smartkarma Smart Scores highlight a company that is strong in dividends and growth, positioning it well for continued success in the future. While facing some challenges in value and resilience, AXA’s momentum score indicates positive market momentum. Investors may find AXA SA to be an appealing long-term investment option based on its balanced performance across multiple key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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