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AXA Life Insurance Co. Mar 04
Standard & Poors, March 2004
Abstract
As core subsidiaries of the AXA group, one of the largest financial services groups in the world, both AXA Life Insurance Co. and AXA Group Life Insurance Co. (collectively, AXA Japan) enjoy proven financial support from the group; Well-diversified assets, with high liquidity, after drastically restructuring assets transferred from the former Nippon Dantai; and New management team, which has a proven track record of turning around other AXA group companies, including AXA Re, and which is intent on pursuing a strong niche market position. Vulnerable earnings profile, due to stock market exposure; and Lackluster underwriting income, depressed by negative interest rate spreads. The ratings on AXA Life Insurance Co. and AXA Group Life Insurance Co. (collectively, AXA Japan) reflect proven...
Companies mentioned in this report are: AXA Life Insurance Co. Ltd.,AXA,AXA Group Life Insurance Co.
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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