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French insurer Axa posts a 2% rise in nine-month revenue



The logo of French Insurer Axa is seen outside a building in Montaigu


The logo of French insurer Axa is seen outside a building in Montaigu

PARIS (Reuters) – Axa said on Wednesday its revenue in the first nine months of the year rose 2% and estimated it would shell out around 400 million euros ($394 million) for damage caused by Hurricane Ian in the United States.

The French insurer – the second largest in Europe after Germany’s Allianz – said its nine-month turnover rose 2% on a like-for-like basis to 78.4 billion euros from 76 billion a year earlier .

Property and casualty revenues increased by 3% to 40.7 billion euros, while healthcare revenues increased by 14% to 13.1 billion.

(Reporting by Matthieu Protard; Writing by GV De Clercq; Editing by Tassilo Hummel)

Reuters 2022

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2022 sales 154B
2022 net income 6,722M
6,635 million
6,635 million
Net debt 2022 24,064 million
23,752 million
23,752 million
PER 2022 ratio 11.2x
2022 return 6.16%
Capitalization 74,295 million
73,334 million
73,334 million
EV / Sales 2022 0.64x
EV / Sales 2023 0.62x
# of employees 155,411
Floating 99.9%

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Last closing price €184.32
Average target price €216.85
Average Spread / Target 17.6%