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AXA: turnover decrease as at 30 September 2020

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Magazine Issue: 
The year of Covid-19 [3]
Magazine date: 
Nov 2020
AXAAs at 30 September 2020, AXA recorded an 8% turnover decline set at 73.4 billion EUR (85.9 billion USD) compared to 79.7 billion EUR (87.1 billion USD) a year earlier.

The Group's solvency ratio remained stable at 180%, above regulatory requirements.

The French insurer believes that it should not be impacted by the second lockdown imposed in France. The estimated cost of the crisis remains stable at 1.5 billion EUR (1.75 billion USD).

Read also | AXA: Declining half-year results 2020 [4]

Tue, 10/11/2020 - 09:23

Source URL: https://www.atlas-mag.net/en/article/axa-turnover-decrease-as-at-30-september-2020

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