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AXA Australia Health Insurance Pty Ltd. Apr 02
Standard & Poors, April 2002
Abstract
The insurer financial strength rating on AXA Australia Health Insurance Pty Ltd. (AXA Australia Health) reflects the company's strong business position, solid improvement in operating performance following a number of years of moderate returns, satisfactory capitalization, sound financial flexibility resulting from its internal fund surplus, and ownership by AXA Asia-Pacific Holdings Ltd. AXA Australia Health has a strong business position in the Australian health insurance market, with a market share of 11% and a ranking of third in the industry. The company's business is geographically concentrated in Victoria and South Australia, which is supported under the well-known respective local brand names of HBA and Mutual Community and an extensive distribution network. The government's initiatives aimed at boosting private health insurance...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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