AXA SA
CS
ISIN FR0000120628 / Valor 486352
AXA SA
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About company
AXA SA is a multinational insurance and asset management company that offers a wide range of products and services to individual and business clients. The company's asset management business involves investing and managing assets for insurance companies, clients, and third parties, while its property-casualty business includes insurance for personal property and liability. With a focus on both retail and institutional clients, AXA SA provides comprehensive insurance coverage for cars, homes, and various other personal and professional liabilities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Underlying Earnings
For the full year 2023, AXA SA reported underlying earnings of Euro 7.6 billion, marking a 6% increase compared to the previous year under the IFRS4 standard. This growth was primarily driven by strong performance in the Property & Casualty segment, which saw a 14% increase in earnings, and a modest 1% increase in the Life & Health segment. However, the Asset Management segment experienced a 9% decline in earnings.
Net Income
AXA SA's net income for the full year 2023 increased significantly by 45% to Euro 7.2 billion. This substantial rise was mainly attributed to the increase in underlying earnings and higher net realized capital gains. The company's strategic focus on core business areas contributed to this robust financial performance.
Dividend and Share Buy-back
AXA SA announced a proposed dividend of Euro 1.98 per share for the full year 2023, representing a 16% increase compared to the previous year. Additionally, the company launched a share buy-back program of up to Euro 1.6 billion, which includes Euro 0.5 billion for anti-dilutive purposes and Euro 1.1 billion as part of its annual share buy-back strategy, reflecting its new capital management policy.
Solvency II Ratio
As of December 31, 2023, AXA SA's Solvency II ratio stood at 227%, an increase of 12 points from the previous year. This improvement was driven by a strong operating return, actions to narrow the duration gap, and favorable operating variance. The ratio reflects the company's solid financial position and its ability to meet long-term obligations.
Strategic Outlook
AXA SA introduced its new strategic plan, "Unlock the Future," which aims to build on the success of its previous strategy. The plan focuses on growing and strengthening core businesses by leveraging the company's distinct capabilities. AXA SA targets a total payout ratio of 75%, comprising a 60% dividend payout ratio and an additional 15% from annual share buy-backs, as part of its commitment to delivering value to stakeholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
77464 M
Market cap (USD)
2,214,618
Daily traded volume (Shares)
33.71 / 33.36
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Lea Katunaric
Tonia Zimmermann
Vladimir Jovicic
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