AXA SA
CS: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€94.00 | Znhk | Pryj |
AXA Continues To Reduce Aviation Cover
AXA continues to reduce its exposure to aviation cover with the ongoing war in Ukraine. This adds pressure to, and further tightens, the aviation market as commercial insurers have incurred heavy losses. We maintain our EUR 29.80 fair value estimate and no moat rating.