May 5, 2020 / 4:04 PM / a month ago

BRIEF-AXA Q1 Total Gross Revenue Up 4%, Says COVID-19 Will Impact 2020 Earnings

May 5 (Reuters) - AXA SA:

* Q1 TOTAL GROSS REVENUE EUR 31.7 BILLION VERSUS EUR 35.0 BILLION YEAR AGO

* WE BELIEVE EFFECTS OF COVID-19 CRISIS WILL HAVE A MATERIAL IMPACT ON OUR EARNINGS IN 2020 - CEO

* PRECISE IMPLICATIONS OF THE CRISIS REMAIN UNCERTAIN AT THIS STAGE - CEO

* DEBT GEARING BELOW 28%, FOLLOWING EUR 1.3 BILLION SUBORDINATED DEBT REPAYMENT IN APRIL

* SOLVENCY II RATIO WAS 182% AT MARCH 31, 2020, DOWN 16 POINTS VERSUS DECEMBER 31, 2019

* NEED FOR ENHANCED INSURANCE COVERAGE IN PREFERRED SEGMENTS CONFIRMS GROWTH POTENTIAL POST-CRISIS - CEO Source text: bit.ly/2SA4FLa Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below