AXA posted FY 19 revenues of €103,532m, up 5% on a comparable FX. The underlying earnings were up 4% on a comparable basis to €6,451m, with a dominance of P&C and Health segments (> 62% of the group’s earnings). With the high frequency of natural disasters, the insurer stepped up measures to reduce AXA XL’s exposure to these risks, thereby lowering its 2020 profit guidance. FY 19 net income stood at €3,857m and a dividend of €1.43/share was proposed.
20 Feb 2020
Concerns for P&C, but on the right track for targets
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Concerns for P&C, but on the right track for targets
AXA posted FY 19 revenues of €103,532m, up 5% on a comparable FX. The underlying earnings were up 4% on a comparable basis to €6,451m, with a dominance of P&C and Health segments (> 62% of the group’s earnings). With the high frequency of natural disasters, the insurer stepped up measures to reduce AXA XL’s exposure to these risks, thereby lowering its 2020 profit guidance. FY 19 net income stood at €3,857m and a dividend of €1.43/share was proposed.