Right here’s how AXA’s companies stacked up, revenue-wise:
|
Section
|
Gross revenues Q1 2022
|
Gross revenues Q1 2021
|
|
Property and casualty (P&C)
|
€18 billion
|
€17.4 billion
|
|
Well being
|
€4.4 billion
|
€4.2 billion
|
|
Life and financial savings
|
€8.4 billion
|
€8.6 billion
|
|
Asset administration
|
€0.4 billion
|
€0.4 billion
|
|
Complete
|
€31.3 billion
|
€30.7 billion
|
Of P&C’s revenues, €12.2 billion got here from business traces; the remaining €5.8 billion from private traces. Each models posted will increase.
The insurance coverage group’s Solvency II ratio within the quarter, in the meantime, stood at 224% – an enchancment from 217% for the entire of 2021.
The CFO said: “AXA carried out properly within the first quarter of 2022, delivering high-quality income development. We proceed to see robust efficiency in our technical and fee-based companies throughout the group. Our combine is superb, with well being revenues rising by 6%, unit-linked by 5%, and P&C business traces insurance coverage by 4%, with continued favorable pricing momentum throughout geographies and notably at AXA XL.”
Citing AXA’s robust steadiness sheet, de Mailly Nesle mentioned the Paris-headquartered group is properly positioned towards the unsure macroeconomic backdrop at current.
“Our strategic transformation to maneuver away from monetary dangers is proving significantly related on this setting,” he famous. “We stay assured in our potential to execute our technique, focussing on our core engaging segments, particularly well being, safety, and P&C insurance coverage the place the necessity for insurance coverage protection stays robust.”
