AXA’s 9M 18 total gross revenues increased by 4% to €75,827m. The NBV recorded growth in all geographies and across all business lines, reaching €2,021m. However, the margin reduced to 41.7%. The group’s figures did not included AXA XL’s ones. The costs associated with hurricane Michael (€200m before tax and net of reinsurance) will be integrated in the Q4 figures. The Solvency II ratio stood at 195%. We will revise down our estimates, but always with a positi
07 Nov 2018
Good Q3 but a hefty claims bill for Q4
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Good Q3 but a hefty claims bill for Q4
AXA’s 9M 18 total gross revenues increased by 4% to €75,827m. The NBV recorded growth in all geographies and across all business lines, reaching €2,021m. However, the margin reduced to 41.7%. The group’s figures did not included AXA XL’s ones. The costs associated with hurricane Michael (€200m before tax and net of reinsurance) will be integrated in the Q4 figures. The Solvency II ratio stood at 195%. We will revise down our estimates, but always with a positi