AXA SA PARYŻ Euronext: CS ubezpieczenia

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French insurer AXA posted a lower-than-expected full-year earnings. Net income fell by 8% year-on-year (YoY) to €6.7bn in 2022. This missed the €7.22bn consensus of 15 analyst estimates compiled by Refinitiv. Gross revenues over the year were up 2% to €102.3 billion.

AXA raised its 2023 guidance, announced a share buy-back programme of up to €1.1bn this year and a dividend of 1.70 per share.

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French insurer AXA has about $640 mln exposure to Credit Suisse

PARIS, March 20 (Reuters) - French insurer AXA (AXAF.PA) had a "limited exposure" of about 0.6 billion euros ($639.5 million) to Swiss bank Credit Suisse (CSGN.S), it said on Monday.

"AXA has no exposure to Credit Suisse AT1s or to Credit Suisse equity. The group has limited exposure to Credit Suisse of circa 0.6 billion euros, comprising covered bonds and senior bonds. AXA has less than 20 million euro exposure to bank AT1s," the insurer said in an emailed statement.

https://www.reuters.com/business/financ ... 023-03-20/