Access the AXA Group’s earnings-related financial information: the 1Q and 9M activity indicators but also the half-year and annual results.

Earnings Presentations

The AXA Group has published its 1Q23 Activity Indicators on May 15th, 2023 at 6:00am (BST).

Access the live presentation to analysts and investors at 10am (BST).

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1Q23 Activity Indicators

The AXA Group has published its 1Q23 Activity Indicators on May 15th, 2023 at 6:00am (BST).

The  replay of the presentation to analysts and investors is now available.

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Gross revenues

Dividend per share

Solvency II ratio

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.

Revenues

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.

Net Income

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.

Underlying Earnings

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

Underlying earnings

Financial Data

Full Year 2022 Earnings - Growth across the board and balance sheet strength

Key Figures

axa_pr_20230517.pdf

AXA published today its 2022 Group Solvency and Financial Condition Report.

AXA published today its 2022 Group Solvency and Financial Condition Report

axa_pr_20230515.pdf

“AXA performed well in the first quarter of 2023”, said Alban de Mailly Nesle, Chief Financial Officer of AXA. “We delivered robust growth in technical lines and our balance sheet remains very strong with a 217% Solvency II ratio.”

1Q23 Activity indicators

axa_pr_20230515b.pdf

AXA publishes 1H22 and FY22 financial information under IFRS17 and IFRS9 accounting standards and provides 2023 Group Underlying Earnings Target*,**.

AXA publishes 1H22 and FY22 financial information under IFRS17 and IFRS9 accounting standards and provides 2023 Group Underlying Earnings Target*, **

Full Year 2022 Earnings: Strong results and continued execution

February 23, 2023 - "AXA delivered a strong performance in 2022 despite a challenging environment, a confirmation of the resilience of our business model." Thomas Buberl, Chief Executive Officer of AXA

May 15, 2023 - "AXA performed well in the first quarter of 2023. We delivered robust growth in technical lines and our balance sheet remains very strong with a 217% Solvency II ratio", said Alban De Mailly Nesle, Group Chief Financial Officer.

AXA 1Q23 Activity indicators

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AXA published today its 2022 Group Solvency and Financial Condition Report

1Q23 Activity indicators

AXA publishes 1H22 and FY22 financial information under IFRS17 and IFRS9 accounting standards and provides 2023 Group Underlying Earnings Target*, **

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