- AXA’s underlying profit for the first half of the year is €4.24 billion, up 3.2% year-over-year, beating the estimate of €3.84 billion.
- Property & Casualty underlying profit is €2.91 billion, a 7% increase year-over-year, exceeding the estimate of €2.36 billion.
- Asset Management underlying profit stands at €204 million, showing an 8.5% year-over-year increase, compared to an estimate of €190 million.
- Net income reaches €4.02 billion, up 4.9% year-over-year, above the estimate of €3.74 billion.
- Revenue totals €59.87 billion, 7.4% higher year-over-year, beating the estimates of €59.35 billion.
- Property & Casualty revenue is €32.52 billion, a 7% increase from the previous year.
- Life & Health revenue amounts to €26.51 billion.
- Asset Management revenue is €787 million, up 5.1% year-over-year, surpassing the €771.8 million estimate.
- Solvency II ratio stands at 227%, close to the estimate of 227.9%.
- Average assets under management total €749 billion, an increase of 1.8% year-over-year.
- Asset Management net inflows are €7.1 billion compared to outflows of €7.3 billion the previous year.
- Property & Casualty combined ratio improves to 90.2% from 90.9% year-over-year, better than the estimate of 94.5%.
- BNP Paribas aims to acquire AXA Investment Managers for €5.1 billion.
- BNP Paribas anticipates a CET1 impact of approximately 25 basis points from the deal.
- The AXA Investment Managers deal is expected to close by mid-2025.
- AXA sees its 2024 EPS growth in line with the 6% to 8% CAGR plan target.
- The Property & Casualty pricing environment remains favorable.
- AXA plans to initiate an anti-dilutive share buyback after the deal closes.
- The company will exit Asset Management if the BNP sale is completed.
- AXA expects a one-time net gain of €2.2 billion from the BNP deal.
- Recovery in the UK Life and Health sector is expected to continue in the second half of the year.
- Analysts’ ratings include 22 buys, 4 holds, and 0 sells.
A look at AXA SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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 with diversified financial services, holds a positive long-term outlook based on its Smartkarma Smart Scores. With a perfect score in Dividend and Momentum, indicating strong dividend payouts and market performance, respectively, AXA demonstrates stability and investor appeal. Additionally, scoring moderately in Value, Growth, and Resilience, the company showcases a balanced profile across key metrics, reinforcing its strategic position in the industry. As AXA continues to expand its presence in domestic and international markets, its impressive Smart Scores highlight a promising trajectory for sustained growth and returns for investors.
In summary, AXA SA is a leading insurance provider offering a wide range of financial services, including life and non-life insurance, savings, pensions, and asset management. With a strategic presence in both local and global markets, AXA’s Smartkarma Smart Scores reflect a favorable overall outlook, particularly excelling in Dividend and Momentum. This underscores the company’s commitment to generating value for investors while navigating the competitive landscape with resilience and growth potential. Investors can look to AXA SA for stability and strong performance in the long run.
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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