(Boursier.com) — Over 9 months, the total turnover is atAx is up 2% to €78.4 billion (€76 billion over the first 9 months of 2021), driven by:
– non-life insurance premium income increased 6% to 24.4 billion euros
– personal injury insurance premium income increased 4% to 13.3 billion euros
– revenue within health insurance rose 14% to 13.1 billion euros.
The Solvency II ratio was 225% per September 30, 2022, a decrease of 2 points compared to June 30.
“Axa again delivered an excellent performance in the first 9 months of 2022 in a challenging environment. Our business mix continues to be of high quality, focused on expanding our insurance lines and reducing our exposure to natural catastrophes in reinsurance and traditional savings products” stated Alban de Mailly Nesle, Chief Financial Officer of Axa, who continued: “The Group is well positioned in the current macroeconomic context thanks to the solidity of its balance sheet, with a Solvency II ratio of 225% and a portfolio of very good quality investments , which has benefited from a prudent allocation over the years. We remain convinced of the relevance of our strategy centered on the development of our in our core markets, especially thanks to targeted acquisitions such as the one recently announced in Spain”.
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