Finance
France’s Axa Doubles 2021 Profit, Raises Financial Goals
Published by maria gbaf
Posted on February 24, 2022
1 min readLast updated: February 8, 2026
Add as preferred source on Google
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on February 24, 2022
1 min readLast updated: February 8, 2026
Add as preferred source on GooglePARIS (Reuters) -Axa reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related claims during the peak of the COVID-19 crisis.
PARIS (Reuters) -Axa reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related claims during the peak of the COVID-19 crisis.
The company, Europe’s second-biggest insurer after Allianz, said it expected underlying earnings per share to grow at the high end of its 3% to 7% target range by 2023, and cumulative cash to exceed its 14-billion-euros target during 2021 to 2023.
Axa’s net income jumped to 7.29 billion euros in 2021 from 3.16 billion euros a year earlier, beating analysts’ estimates of 6.72 billion euros, according to Refinitiv IBES data.
Full-year revenue rose 3% to 99.93 billion euros, slightly below estimates of 99.98 billion euros.
(Reporting by Matthieu Protard; Editing by Jacqueline Wong and Shounak Dasgupta)
Underlying earnings per share (EPS) is a financial metric that indicates a company's profitability on a per-share basis, excluding one-time items and non-recurring expenses, providing a clearer view of ongoing performance.
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It is often referred to as the bottom line.
Cumulative cash refers to the total amount of cash generated by a company over a specific period, which can be used for investments, paying debts, or distributing dividends.
Revenue is the total amount of money generated from sales of goods or services before any costs or expenses are deducted. It is a crucial measure of a company's financial performance.
Explore more articles in the Finance category
