Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  AXA    CS   FR0000120628


News SummaryMost relevantAll newsSector news 

AXA : CEO : Estimated Solvency Ratios Rise From End 2011

03/28/2012 | 03:47am US/Eastern

French insurance company AXA SA (CS.FR) said Wednesday its solvency ratios, a measure of its financial strength, were significantly higher at the end of February than at the end of 2011.

Chief Executive Henri de Castries said AXA estimates AXA's solvency I ratio was above 200% on Feb. 29, up from 188% at the end of 2011. The level of ratio is close to historical highs, de Castries said, according to the slides of a presentation made available on the company's website.

The economic solvency ratio for AXA stood at about 160% on Feb 29, up from 148% at the end of 2011, he added. The level of economic solvency ratio is comfortable, he added.

Last month, AXA pledged to strengthen its balance sheet and boosts cash flow in currently difficult markets, after posting sharply higher full-year earnings at EUR4.32 billion that were nonetheless below market expectations.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;

React to this article
Latest news on AXA
03/31 AXA : Direct Korea names Francois Lecomte as new CEO
03/30 AXA : Direct Korea names new CEO
03/26 AXA : Cambodian Land Grabs Threaten Traditional Communities
03/25 BUSINESS MACHINES : "Enhanced Case-Splitting Based Property Checking" in Patent ..
03/25 BUSINESS MACHINES : Researchers Submit Patent Application, "Enhanced Case-Splitt..
03/20 AXA : IM Senior Economist David Page: US reaction, FOMC - patient is as patient ..
03/18 BUSINESS MACHINES : Patent Issued for Enhanced Case-Splitting Based Property Che..
03/18DJInvestors Raise Alarm Over Liquidity Shortage
03/17 JURIDICA INVESTMENTS : Swings To 2014 Loss, Eyes Opportunities To Deploy Capital
03/15 AXA COOPERATIVE INSURANCE : Deposit of axa cooperative insurance company subscri..
Duration : Period :
AXA Technical Analysis Chart | CS | FR0000120628 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes