Property and casualty business drives growth
- AXA’s gross written premiums and other revenue rose slightly in the first nine months of the year
- Gross written premiums and other revenue reached EUR78.76 billion
- Property and casualty business boosted the revenue
- Life-and-health and asset-management segments experienced a decline
- AXA is on track to meet its full-year earnings target of more than EUR7.5 billion
AXA has announced that its gross written premiums and other revenue increased slightly in the first nine months of the year. The company reported a total revenue of EUR78.76 billion, with the property and casualty business being the main driver of growth. However, the life-and-health and asset-management segments experienced a decline. Despite this, AXA remains confident in meeting its full-year earnings target of more than EUR7.5 billion. The company expects some challenges from higher health claims frequency in the U.K., elevated lapses in Italy, and natural catastrophe activity in the third quarter. AXA also stated that its total debt at year end is expected to remain stable compared to last year.
Public Companies: AXA (AXA)
Private Companies:
Key People: Giulia Petroni (Author)
Factuality Level: 8
Justification: The article provides specific information about AXA’s gross written premiums and other revenue, as well as the performance of its different business segments. It also mentions the company’s full-year earnings target and potential challenges. The information seems to be based on AXA’s official statements and financial data.
Noise Level: 3
Justification: The article provides clear and concise information about AXA’s financial performance in the first nine months of the year. It includes details about the increase in gross written premiums and revenue, as well as the performance of different segments of the business. The article also mentions the company’s full-year earnings target and potential challenges it may face. Overall, the article stays on topic and provides relevant information without any misleading or exaggerated reporting.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the insurance industry and potentially the stock market if AXA is a publicly traded company.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not mention any extreme events or significant impacts on the financial markets. It primarily focuses on AXA’s financial performance and its ability to meet its earnings target.
