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

AXA (CS)

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AXA : CEO : Estimated Solvency Ratios Rise From End 2011

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03/28/2012 | 09:47am CET

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; inti.landauro@dowjones.com

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Financials (€)
Sales 2016 98 154 M
EBIT 2016 8 002 M
Net income 2016 5 928 M
Debt 2016 -
Yield 2016 4,78%
P/E ratio 2016 9,87
P/E ratio 2017 9,86
Capi. / Sales 2016 0,58x
Capi. / Sales 2017 0,56x
Capitalization 57 246 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 24,9 €
Spread / Average Target 5,4%
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Managers
NameTitle
Thomas Buberl Chief Executive Officer & Director
Denis Pierre Marie Duverne Non-Executive Chairman
Véronique Denise Lebey Weill Group COO & Chief Customer Officer
Gérald Harlin Group Chief Financial Officer
François Martineau Independent Director
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