Half Year 2019 Earnings: Disciplined execution and delivery
- Total revenues* up 4% to Euro 57.9 billion
- Underlying earnings** up 7% to Euro 3.6 billion
- Underlying earnings per share** up 10% to Euro 1.46
AXA continued to deliver strong operating performance, with a +4% growth in revenues and a +10% increase in underlying earnings per share in the first half of 2019.
AXA’s earnings benefitted from a virtuous double dynamic, both growing volumes and improving profitability across all our geographies and preferred segments.
AXA XL had a great first half with continued and disciplined growth in revenues and a solid contribution to the Group’s earnings. Synergies are materializing well, and AXA XL should benefit from the increasingly positive pricing context.
AXA is very well advanced on its transformation journey. The Group has reduced its sensitivity to financial markets, created the #1 Global P&C Commercial lines insurance platform and strengthened its position as a world leader in Health insurance. We also further advanced in our Payer to Partner strategy by launching our own medical centers, notably in Mexico and Egypt, with the aim to simplify and enhance the healthcare journey of our customers.
I would like to thank all our colleagues and partners for their critical role in the execution of our transformation, as well as our clients for their continued trust.