AXA: results as at september 2023

AXA closed the first nine months of 2023 with a turnover of 78.8 billion EUR (83.4 billion USD), up 1% in comparison with the same period of 2022. This figure is driven by property and casualty insurance whose premiums increased by 5% to 41.8 billion EUR (44.2 billion USD).

In life insurance, retirement savings and health, the turnover dropped by 3% to 35.7 billion EUR (37.8 billion USD). AXA attributed this result to the decline recorded in the healthcare sub-class of business following the non-renewal of two significant international contracts.

The Solvency II ratio stood at 230% as at 30 September, losing 5 points compared to 30 June 2023.