AXA’s top line was negatively impacted by adverse currency movements. As reported, the revenues declined by 2.7% to €30,782m, while it increased by 2.2% on a comparable basis. The positive point is the composition of the new business, largely composed of the insurer’s preferred segments (P&C, Health and Protection) which represented 51% of new sales. The Unit-Linked sales continued to grow while traditional products are declining, as expected. No changes in our estimates
04 May 2018
No major news
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No major news
AXA’s top line was negatively impacted by adverse currency movements. As reported, the revenues declined by 2.7% to €30,782m, while it increased by 2.2% on a comparable basis. The positive point is the composition of the new business, largely composed of the insurer’s preferred segments (P&C, Health and Protection) which represented 51% of new sales. The Unit-Linked sales continued to grow while traditional products are declining, as expected. No changes in our estimates