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After 27 years in the Group, and close to 17 years as Chief Executive Officer, Henri de Castries, Chairman and CEO of AXA, has announced his decision to retire and to step down from the Board of Directors on September 1st, 2016.

AXA announces the publication of the resolutions proposed by its Board of Directors to the next Shareholders’ Meeting to be held on April 27, 2016.

AXA announced today that it has entered into an agreement with OTP Bank Plc to sell its Hungarian banking operations.

11/05/2015 AXA accelerates its development in the Philippines by extending its successful partnership with Metrobank to Property & Casualty

  • AXA Philippines to enter into Property & Casualty insurance by acquiring 100% of Charter Ping An, the #5 non-life insurer in the Philippines for a consideration of approximately Euro 45 million.
  • AXA to extend its successful bancassurance partnership with GT Capital and Metrobank, the #2 bank in the country, to include the distribution of Property & Casualty insurance products
  • Total revenues increased by 9% on a reported basis, benefiting from a positive Forex impact

On a comparable basis (at constant Forex):

  • Total revenues increased by 2% to Euro 76.0 billion, with growth across all business lines
  • Life & Savings APE up 8% to Euro 5.6 billion; NBV up 2% to Euro 1.8 billion; Net flows of Euro +9.2 billion
  • Property & Casualty revenues up 1% to Euro 24.8 billion, driven by growth in personal lines
  • Asset Management revenues up 5% to Euro 2.9 billion, with net inflows of Euro +32.1 billion

10/21/2015 AXA announces the Subscription Prices for its 2015 employee share offering (Shareplan 2015)

The Subscription Prices for AXA's 2015 employee share offering (Shareplan 2015) have been determined by decision of the Deputy Chief Executive Officer on October 21, 2015.

09/22/2015 Elimination of dilutive impact of Shareplan 2015

In the context of the AXA Group's 2015 employee share offering (Shareplan 2015) and in order to eliminate the associated dilutive effect, AXA has today signed a share repurchase agreement with an investment services provider whereby AXA will buyback and cancel shares for a maximum value of € 411 700 000, all in accordance with its share repurchase program.

08/25/2015 AXA launches its 2015 employee share offering (Shareplan 2015)

As each year, the AXA Group offers to its employees, in and outside of France, the opportunity to subscribe to shares issued by way of a capital increase reserved to employees. In doing so, the AXA Group hopes to strengthen its relationship with its employees by closely associating them with the future development and results of the Group.

08/07/2015 AXA enters into exclusivity for the potential disposal of its Portuguese operations

AXA announced today that it has received an irrevocable offer from Ageas for the potential sale of its Portuguese operations, including in particular its entire stake in AXA Portugal Companhia de Seguros SA ("P&C Business"), AXA Portugal Companhia de Seguros de Vida SA ("Life & Savings Business") as well as AXA Global Direct Seguros y Reaseguros, the Portuguese branch of its direct operations ("Direct Business").

08/04/2015 Half Year 2015 Earnings - Strong Performance in Line with Ambition AXA

  • Underlying Earnings up 12% on a reported basis, benefitting from a positive Forex impact
  • Underlying Earnings per share up 11% and Adjusted Earnings per share up 12%

On a comparable basis (at constant Forex):

  • Total Revenues up 2% to Euro 55 billion
  • Underlying Earnings up 2% to Euro 3.1 billion
  • Adjusted Earnings up 3% to Euro 3.5 billion
  • Net Income down 7% to Euro 3.1 billion

07/22/2015 AXA enters into exclusivity for the potential acquisition of Genworth Lifestyle Protection Insurance

  • This acquisition would be a milestone in the development of AXA credit and lifestyle protection activities, which are currently operated by AXA Creditor, and accelerate AXA's business mix shift towards more Protection products, in line with the Ambition AXA strategy
  • The combined operations would rank #3 within the creditor insurance market in Europe, with a 9% market share1, and would be a European leader in credit and lifestyle protection
  • Total consideration would amount to Euro 475 million, representing an implied 0.65x book value multiple as of end of FY14

07/12/2015 AXA accelerates its development in Egypt through a partnership with Commercial International Bank

  • AXA to enter into a 10-year Life & Savings exclusive bancassurance agreement with CIB, the #1 private-sector bank in Egypt
  • AXA to acquire 100% of Commercial International Life ("CIL"), the Life & Savings joint-venture between CIB and Legal & General in Egypt, which is the #3 Life & Savings player in the country, for a consideration of approximately Euro 88 million

07/03/2015 Termination of the sale and purchase agreement between AXA, Certinvest and SIF Transilvania

The agreement with Certinvest and SIF Transilvania to sell AXA's Life & Savings insurance operations in Romania, announced on December 18, 2014, has lapsed.

AXA is reviewing its strategic options considering the interests of its clients and employees in Romania.

  • Total revenues increased by 10% on a reported basis, benefiting from a positive forex impact

On a comparable basis (at constant forex):

  • Total revenues increased by 2% to Euro 31.5 billion, with growth across all business lines
  • Life & Savings revenues up 2% to Euro 17.5 billion; APE up 4% to Euro 1.9 billion and NBV up 1% to Euro 0.6 billion; Net flows at Euro 3.9 billion
  • Property & Casualty revenues up 2% to Euro 11.4 billion, driven by growth in both commercial and personal lines
  • Asset Management revenues up 7% to Euro 1.0 billion, with net inflows of Euro 19.1 billion

04/30/2015 Results of AXA's Shareholders' Meeting AXA publishes its 2014 Activity & Corporate Responsibility Report


Results of AXA's Annual Shareholders' Meeting

During the Shareholders' Meeting held today in Paris, all resolutions submitted by the Board of Directors were approved by AXA's shareholders, including:

  • The re-appointment of Mr. Jean-Pierre Clamadieu and Jean-Martin Folz as directors, for 4 years.
  • The payment of a Euro 0.95 dividend per share for the fiscal year 2014, i.e. an increase of 17% compared to the preceding fiscal year, to be paid on May 13, 2015 (ex-dividend date: May 11, 2015) - dividend per share was Euro 0.81 for 2013 and Euro 0.72 for 2012.
  • The compensation of the Chairman & Chief Executive Officer and the Deputy Chief Executive Officer for the 2014 fiscal year, which was submitted to the vote of the Shareholders' meeting in accordance with the Afep-Medef Code, with over 93% of favorable votes.

Publication of the 2014 Activity & Corporate Responsibility Report

AXA publishes today its 2014 Activity & Corporate Responsibility Report. The report presents the AXA Group's 2014 highlights; its transformational journey to better serve its clients throughout the world; its main achievements in its three core business lines - property & casualty, life savings & health, asset management - as well as its corporate responsibility activities in a more integrated version

Protection, a core component of the Group's mission, is once again a featured theme in this year's report. The report focuses on the different needs expressed by AXA's customers and the way the Group answers these, through the variety of AXA employees' expertise. Six real-life stories with testimonies from clients and employees are presented throughout the report.
In addition, the on-line edition of the report, also available on mobile devices, gives to visitors the opportunity to discover, through a customizable mosaic, innovative initiatives undertaken by AXA to answer customers' needs, support its employees, and contribute to build a stronger, safer society.

04/28/2015 AXA Global Life announces the successful placement of €285 million of bonds to protect the Group against extreme events in Life

AXA Global Life announced today the successful placement by a newly formed Irish special purpose vehicle (Benu Capital) of €285 million of excess mortality notes to institutional investors. There are two different classes of notes with a scheduled maturity in January 2020: the Class A notes, for an amount of €135 million, and the Class B notes, for an amount of €150 million, each class providing protection at different risk levels.

This transaction provides AXA Global Life with two fully collateralized, 5-year protections against extreme mortality risk in France, Japan, and the United States.

The notes use an index trigger structure specific to each covered country. Each country index is based on mortality data published by official statistical agencies and weighted by gender and age bands to closely replicate the risk of the AXA Group's portfolio.

The spread to be paid by AXA Global Life to Benu Capital for the excess mortality protection within the risk period has been set at 255 basis points per annum for the excess mortality protection provided by the Class A notes, and at 335 basis points per annum for the excess mortality protection provided by the Class B notes. The transaction features two innovative mechanisms: first, a protection trigger level structured on a calendar year basis, resulting in both an increased sensitivity to short duration events and an acceleration of the counterparty payment process. Secondly, it introduces a dropdown mechanism on Class A, which increases the sensitivity of the protection to extreme mortality events for the last year of the transaction and therefore improves its efficiency.

"This issuance confirms the Group's ability to manage proactively and dynamically its risks, in a supportive market environment, using both traditional reinsurance and alternative risk transfer instruments such as Insurance Linked Securities. It also demonstrates AXA Group's continuous drive to innovate, not only in terms of technical engineering but also by being the sole insurer to have issued such instruments to protect itself against extreme mortality", said Jean-Christophe Ménioux, CEO of AXA Global Life.

This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities mentioned herein in any jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.

In the United-Kingdom, this communication is only being distributed to and is only directed at persons (I) who are investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (II) who are high net worth entities, or other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity relating to the Offering and/or the Securities is available only to Relevant Persons and will be engaged in only with Relevant Persons.

03/30/2015 AXA has completed the acquisition of BRE Insurance, mBank's Property & Casualty subsidiary in Poland

AXA announced today that it has completed the acquisition of 100% of BRE Insurance1 , mBank's Property & Casualty subsidiary in Poland. Consequently, AXA and mBank have launched their 10-year exclusive Property & Casualty and Life Protection distribution agreements in the country. Final consideration amounted to PLN 580 million (or Euro 140 million)2.

1/ BRE Ubezpieczenia Towarzystwo Ubezpieczen I Reasekuracji S.A.
2/ EUR 1 = PLN 4.1275.

03/17/2015 AXA has completed the acquisition of a 7% stake in Africa Re

AXA announced today that it has completed the acquisition of a 7.15% stake in African Reinsurance Corporation ("Africa Re"), the leading reinsurance company in Africa1, for a total consideration of USD 61 million (or Euro 54 million).

02/25/2015 Resolutions submitted to AXA's Shareholders' Meeting of April 30, 2015

AXA announces the publication of the resolutions proposed by its Board of Directors to the next Shareholders' Meeting to be held on April 30, 2015 at 2:30 pm at the Palais des Congrès in Paris (75017) in the Bulletin des annonces légales obligatoires.

12/18/2014 AXA to sell its Romanian operations

AXA announced today it has entered into an agreement with Certinvest and SIF Transilvania to sell its Life & Savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Certinvest would acquire a stake of 70% in AXA's Romanian subsidiary, AXA Life Insurance S.A., while SIF Transilvania would acquire the remaining stake of 30%.

12/08/2014 AXA has completed the acquisition of a majority stake in Mansard Insurance plc in Nigeria

AXA announced today that it has completed the acquisition of 100% of Assur Africa Holdings, which holds a 77% stake in the composite insurance company Mansard Insurance plc, for a total consideration of Euro 198 million. Going forward, the acquired operations will be included within the Mediterranean & Latin American Region.

12/08/2014 Results of the AXA Group employee share offering in 2014

On August 22, 2014 AXA announced the launch of its 2014 employee share offering ("SharePlan 2014"), a capital increase reserved to its employees worldwide.

Over 21,000 employees in 36 countries, representing approximately 19% of the eligible employees, subscribed to SharePlan 2014.

The Subscription Prices for AXA's 2014 employee share offering (Shareplan 2014) have been determined by decision of the Deputy Chief Executive Officer on October 24, 2014.

11/28/2014 AXA to enter the Nigerian market through the acquisition of a majority stake in Mansard Insurance plc

  • AXA would become the #4 insurance player in Nigeria
  • AXA would have the opportunity to further strengthen its presence in Africa and enter the fast-growing Nigerian insurance market, in line with its Ambition AXA strategy
  • Total consideration would be Euro 198 million

11/07/2014 AXA to sell its mandatory Pension business in Hong Kong to The Principal Financial Group

  • Sale of AXA's mandatory Pension business in Hong Kong, in line with AXA Group's in-force management strategy
  • 15-year distribution agreement allowing The Principal to sell relevant mandatory Pension schemes through AXA proprietary networks in Hong Kong
  • Upfront consideration of Euro 270 million

10/24/2014 AXA announces the Subscription Prices for its 2014 employee share offering (Shareplan 2014)

09/19/2014 Termination of the sale and purchase agreement between AXA and Astra Asigurari

10/23/2014 9M 2014 Activity Indicators

  • Total revenues increased by 2% to Euro 69.6 billion
  • Life & Savings revenues up 2% to Euro 41.1 billion, APE up 3% to Euro 4.7 billion; NBV up 7% to Euro 1.6 billion
  • Property & Casualty revenues up 2% to Euro 23.2 billion driven by growth in both commercial and personal lines
  • Asset Management revenues up 3% at Euro 2.4 billion with net inflows of Euro 16 billion

The agreement with Astra Asigurari to sell AXA's Life & Savings insurance operations in Romania, announced on November 29, 2013, has lapsed.

AXA is reviewing its strategic options considering the interests of its clients and employees in Romania.

09/12/2014 AXA to reinforce its presence in Poland through a partnership with mBank

AXA announced today it has entered into a partnership with mBank whereby AXA would benefit from 10-year exclusive distribution agreements with mBank in Poland, for Property & Casualty and Life Protection insurance. In addition, AXA would acquire 100% of mBank's Property & Casualty subsidiary in Poland, BRE Insurance.