AXA reported a revenue on Thursday that greater than doubled from final yr, with the French insurer recovering from pandemic-related claims through the peak of the COVID-19 disaster.
The corporate, Europe’s second-biggest insurer after Allianz, mentioned it anticipated underlying earnings per share to develop on the excessive finish of its 3% to 7% goal vary by 2023, and cumulative money to exceed its 14-billion-euros [$15.9 billion] goal throughout 2021 to 2023.
AXA’s internet earnings jumped to 7.29 billion euros [$8.3 billion] in 2021 from 3.16 billion euros [$3.6 billion] a yr earlier, beating analysts’ estimates of 6.72 billion euros [$7.6 billion], in line with Refinitiv IBES knowledge.
Full-year income rose 3% to 99.93 billion euros, barely beneath estimates of 99.98 billion euros.
(Reporting by Matthieu Protard; enhancing by Jacqueline Wong and Shounak Dasgupta)
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