7th November 2018

AXA has a strong quarter with continued growth momentum

AXA has reported nine month activity indicators:
-Total gross revenues up 4% to E75.8bn
-APE up 9% to E4.8bn, with NBV up 4% to E2bn
-Health revenues up 7% to E9.9bn
-Protection APE up 10% to E1.6bn
-P&C Commercial lines revenues up 2% to E12.4bn.
“AXA delivered a strong performance in the first nine months of 2018, illustrating the strength of our operations and
the pertinence of our simplified operating model”, comments Gérald Harlin, deputy ceo and Group cfo. “We grew in all five of our geographies and across all business lines. Notably, we recorded a strong top line growth
in our preferred segments with the continued dynamism of our Health, Protection and P&C Commercial lines businesses.”
“In September, we closed the XL Group acquisition, a key milestone in our transformation journey. AXA Group’s
balance sheet remains strong with a Solvency II ratio at 195%, well within our guidance.”

AXA Trends(864 articles)