Equity hedges bolstered Axa through Covid crisis
French insurer Axa’s first half earnings got a boost from a portfolio of equity derivatives it put in place prior to the outbreak of the coronavirus crisis.
Over the six months to end-June, equity, credit, foreign exchange and interest rate hedges gained €1.2 billion ($1.4 billion) in value versus the year-ago half, contributing €425 million to net income. Over H1 2019, a fall in the fair value of derivatives cost the insurer €789 million.
Axa took steps to minimise the effect of changes in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
Big bangs, FinCEN leak and prime exodus
The week on Risk.net, October 10–16, 2020
Receive this by email