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About us

Profile and Key Figures

Present in 51 countries, AXA's 145,000 employees and distributors are committed to serving our 93 million clients. Our areas of expertise are applied to a range of products and services that are adapted to the needs of each and every client across three major business lines: property-casualty insurance, life & savings, and asset management.

Financial Data

Well-established in Western Europe, North American and Asia/Pacific markets, the Group intends to reinforce its growth in the years ahead by intensifying its presence in high-growth markets.


Total revenues were up 2%, driven by (i) Property & Casualty (+2%), with growth in Commercial lines Insurance (+5%) from continued favorable price effects, as well as in Personal lines (+4%), driven by higher revenues from favorable price effects in both Motor and non-Motor, partly offset by AXA XL Reinsurance from natural catastrophe exposure reduction (-27%), and (ii) Health (+16%), with strong growth across all geographies.

(in millions of Euro)

Net Income

Net income decreased by 11% to Euro 6.7 billion, mainly from a decline in value of invested assets and derivatives that are fair valued through P&L from unfavorable market impacts, as well as the write-off of Reso Garantia goodwill, partly offset by the increase in underlying earnings.

(in millions of Euro)

Underlying Earnings

Underlying earnings increased by 4% to Euro 7.3 billion, driven by (i) Property & Casualty (+5%), reflecting higher investment income and a resilient underwriting result despite the impact of the war in Ukraine and the non-repeat of elevated Motor claims frequency benefits in Europe in 2021, and (ii) Life & Savings (+11%), from a higher technical margin in France and Japan, and lower expenses, partly compensated by a lower investment margin.

(in millions of Euro)

Solvency II ratio

Solvency II ratio was 215% at December 31, 2022, down 1 point versus December 31, 2021, resulting mainly from (i) the Euro 1.5 billion share buy-back completed in 2022 as well as a provision for the Euro 1.1 billion share buy-back announced today (-10 points), (ii) negative financial market effects (-3 points) notably due to increased implied volatility and lower equity performance, partly compensated by higher interest rates, and (iii) the ineligibility of subordinated debts issued by subsidiaries (-3 points), partly offset by (iv) strong operating returns net of dividend (+9 points), (v) a favorable temporary impact from the change in certain EIOPA risk-free rates relating to the IBOR transition net of the change in the Ultimate Forward Rate (+3 points), (vi) the positive impact from the purchase of additional equity hedges (+2 points), and (vii) the favorable impact from the Belgium in-force transaction (+1 point).


Revenues by geographic region

Direct business revenues are split within geographies

  • Europe (excl. France)
  • France
  • AXA XL
  • Asia
  • International
  • Transversal
Underlying earnings
  • Property & Casualty
  • Health
  • Life and Savings
  • Asset Management and Banking

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