Underlying earnings for AXA XL should be around EUR1.2 billion in 2020, the company said.President Donald Trump said Friday that McKesson Corp. would partner with the U.S. government to distribute a coronavirus vaccine when one is approved. Revenue for the year rose 1% to EUR103.53 billion thanks to a revenue increase at all the insurer's business lines. Net profit rose to 3.86 billion euros ($4.17 billion) from EUR2.14 billion the year before, the French insurer said. This report aims to … AXA SA said Thursday that its earnings rose strongly in 2019 while revenue ticked higher thanks to growth in all business areas, and it increased its dividend. The Axa Group operates primarily in Western Europe, North America, the India Pacific region, and the Middle East, with a presence also in Africa. Annual premium equivalent, known as APE, was stable for 2019 on a comparable basis. AXA proposed a dividend of EUR1.43 a share, up from EUR1.34 a share the year previous. A financial services company providing advice, retirement plans, annuities, life insurance and employee benefits in the United States. AXA SA said Thursday that its earnings rose strongly in 2019 while revenue ticked higher thanks to growth in all business areas, and it increased its dividend.
AXA Equitable Holdings IPO Seeks $3.5 Billion, Follows Year Of Rapid Profit Growth Despite its size, EQH has attracted less attention than similarly sized IPOs. Underlying earnings for AXA XL should be around EUR1.2 billion in 2020, the company said. AXA SA said Thursday that its earnings rose strongly in 2019 while revenue ticked higher thanks to growth in all business areas, and it increased its dividend. Revenue for the year rose 1% to EUR103.53 billion thanks to a revenue increase at all the insurer’s business lines. Net profit rose to 3.86 billion euros ($4.17 billion) from EUR2.14 billion the year before, the French insurer said. GO TO EQUITABLE.COM. At constant exchange rates, revenue grew 5%, AXA said.Annual premium equivalent, known as APE, was stable for 2019 on a comparable basis. APE measures new business growth by combining the value of payments on new regular premium policies, and 10% of the value of payments made on one-time, single-premium products. Axa S.A. (styled as AXA) is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services. The company said it has taken steps to reduce AXA XL's earnings volatility, and that it expects them to result in a EUR200 million hit to the unit's earnings in 2020.
Speaking at a White House news conference, Trump said the joint effort was being taken under the federal government's Operation Warp Speed, which aims to deliver COVID-19 vaccine doses to the American public. APE measures new business growth by combining the value of payments on new regular premium policies, and 10% of the value of payments made on one-time, single-premium products.The French insurer’s solvency II ratio--a key measure of financial strength for insurance companies--was 198%, up from 193% at the end of 2018.AXA proposed a dividend of EUR1.43 a share, up from EUR1.34 a share the year previous.The earnings of the insurer’s AXA XL business were hit by higher-than-normal levels of natural-catastrophe charges in 2019. Analysts had seen net profit at EUR4.35 billion, according to a consensus estimate by FactSet.
Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca The French insurer's solvency II ratio--a key measure of financial strength for insurance companies--was 198%, up from 193% at the end of 2018. The company said it has taken steps to reduce AXA XL’s earnings volatility, and that it expects them to result in a EUR200 million hit to the unit’s earnings in 2020. Just prior to Trump's mention of the company, the stock was up about 1.7%.
By using this site you agree to the AXA Group global website. Nike Popoola AXA Mansard Insurance Plc said its gross written premium rose by 29 per cent to N43.62bn in its 2019 unaudited financial report from N33.92bn in 2018 financial period. AXA Equitable is now Equitable. At constant exchange rates, revenue grew 5%, AXA said. The earnings of the insurer's AXA XL business were hit by higher-than-normal levels of natural-catastrophe charges in 2019. Shares of McKesson were up nearly 3% in recent trading action. Get the latest news and publications about the AXA Group strategy. The big jump in net profit is partly due to a large impairment booked the year before, AXA said.