Axa insurance stock prices forecast 2013
Axa insurance stock prices forecast 2013 : AXA Group (CS.PA) Year over year, AXA Group has seen revenues remain relatively flat (�98.9B to �99.0B), though the company was able to grow net income from �2.7B to �4.3B. A reduction in the percentage of sales devoted to cost of goods sold from 105.29% to 86.06% was a key component in the bottom line growth in the face of flat revenues. On Dec. 18, 2012, Standard & Poor's Ratings Services lowered its counterparty credit and insurer financial strength ratings on the core operating entities of France-based composite insurer AXA group to 'A+' from 'AA-'. The outlook is stable. In our base-case assumptions, we expect the group's underlying earnings to grow in the mid-single digits over 2013 and 2014, on the back of stable contributions from its major business segments, continued improvement in the P/C combined ratio (a measure of underwriting profitability), and steady life and savings margins. On August ...