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Summary: AXA Jan 03 Product Image

Summary: AXA Jan 03

  • Published: January 2003
  • Standard & Poors

FEATURED COMPANIES

Abstract
The ratings on all core entities of France-based AXA group reflect the group's extremely strong global business position and very strong consolidated capitalization. Operating performance, although gradually improving during the 1999-2000 period, is relatively weak for the rating category. Extremely strong business position. AXA has an unrivaled global business position in insurance and asset management with significant operations in the world's leading markets including the U.S., Japan, the U.K., Germany, and France. Following extensive restructuring activity in 2000, the group is now deeply focused on its core businesses, namely life insurance (-47.9 billion gross premium income in 2001), property-casualty insurance in Europe (-15.9 billion), and asset management (-507 billion in third-party managed assets at Dec. 31, 2001). AXA benefits from...

Companies mentioned in this report are: AXA
Action: Review

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