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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 CEST

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; [email protected]

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Financials (€)
Sales 2017 107 344 M
EBIT 2017 8 247 M
Net income 2017 5 910 M
Debt 2017 -
Yield 2017 5,13%
P/E ratio 2017 9,90
P/E ratio 2018 9,38
Capi. / Sales 2017 0,54x
Capi. / Sales 2018 0,51x
Capitalization 57 859 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 25,9 €
Spread / Average Target 8,7%
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NameTitle
Thomas Buberl Group Chief Executive Officer & Director
Denis Pierre Marie Duverne Non-Executive Chairman
Gérald Harlin Group Chief Financial Officer
François Martineau Independent Director
Isabelle Kocher Independent Director
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