Press Release
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May 6, 2025
published at 5:45 PM CEST
Alban de Mailly Nesle
Group Chief Financial Officer
AXA has started the year with strong performance, achieving robust revenue growth across all business lines, continuing the positive momentum from last year. This performance reflects the disciplined execution of our organic growth strategy, with a healthy balance between volume and pricing.
In P&C, premiums increased by 7%, with strong growth across both Personal and Commercial lines. Following the successful turnaround of Personal lines last year, we are now expanding our customer base, while continuing to benefit from a favorable pricing environment. In Commercial lines, pricing trends remain positive, and growth is disciplined.
In Life & Health, premiums were up 8%, in line with the Group’s ambition to grow this business. Building on the momentum of 2024, we delivered strong sales in Unit-Linked, continued success in capital-light G/A Savings products, and growth in Employee Benefits. Net inflows have improved further, reflecting both higher sales and better persistency.
AXA’s diversified business model focused on technical margin and its robust balance sheet, with a Solvency II ratio of 213% and a prudent asset portfolio, are a source of strength in the current volatile environment. We remain confident in our strategy and are focused on executing on the ‘Unlock the Future’ plan.
I would like to express my gratitude to our colleagues, agents, and partners for their dedication, as well as to our clients for their continued trust in AXA.
NBV), present value of expected premiums (
PVEP) and new business value margin (
NBV Margin) is on a comparable basis (constant forex, scope and methodology), unless otherwise indicated. These and other terms are defined in the glossary section of this press release.
Investor Relations team
Axa Media Relations