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AXA Group Jan 07
Standard & Poors, Jan 2007
Abstract
Very strong competitive position Very strong capitalization Very strong earnings Positive management and corporate strategy Execution risk The ratings on the core insurance operating companies of the AXA group (see table 5) reflect the very strong financial strength of the group, one of the world's leading financial services providers. The AXA group's very strong competitive position is underpinned by sizable and diversified operations in most of the world's largest insurance markets. This superior geographical spread is complemented by business line diversification provided by a combination of life, asset management, property/casualty (P&C), and international insurance, minimizing overreliance on any single activity. The group has built very strong franchises and solid levels of profitable growth in most countries where it is present,...
Companies mentioned in this report are: AXA France IARD,AXA Equitable Life Insurance Company,MONY Life Insurance Co.,AXA Re,AXA France Vie,AXA,Compagnie Generale de Reassurance de Monte Carlo,AXA Life and Annuity Company,MONY Life Insurance Co. of America,AXA Financial Inc.,PARIS RE Asia-Pacific Pte. Ltd.,AXA Versicherung AG,AXA Belgium,National Mutual Life Assoc. of Australasia Ltd. (The) (NZ),AXA Corporate Solutions Assurance,AXA Lebensversicherung AG,AXA Life Insurance Co. Ltd.,AXA Krankenversicherung AG,Friends Life Company Ltd
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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