Axa insurance stock prices forecast 2013 : AXA Group (CS.PA) Year over year, AXA Group has seen revenues remain relatively flat (€98.9B to €99.0B), though the company was able to grow net income from €2.7B to €4.3B. A reduction in the percentage of sales devoted to cost of goods sold from 105.29% to 86.06% was a key component in the bottom line growth in the face of flat revenues.
On Dec. 18, 2012, Standard & Poor's Ratings Services lowered its counterparty credit and insurer financial strength ratings on the core operating entities of France-based composite insurer AXA group to 'A+' from 'AA-'. The outlook is stable.
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