(Boursier.com) — AXA will be on deck tomorrow evening with the publication of its third quarter results. The ‘Bloomberg’ consensus expects revenues of 22.4 billion euros over the three months to the end of September and a Solvency II ratio of 226.94%. According to analysts, the number two insurance company in Europe should still have benefited from strong underlying trends even if claims linked to natural catastrophes should have weighed on results, as they will for the majority of the sector.
Credit Suisse (‘outperformance’) thus expects the trends seen in the first half of the year to have continued to the end of September, with strong underlying earnings supported by improved solvency, lower volatility in the business and better cash flow. Losses related to Hurricane Ian will be closely monitored. Morgan Stanley (‘overweight’) says the focus will be on Solvency II and pricing and claims development at AXA XL.
©2022 Boursier.com