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AXA publishes income figures for 9M 2022

Damaged down per enterprise phase, right here’s how AXA carried out within the interval:








Supply

9M22 income

9M21 income

Property & casualty (P&C)

€40.7 billion

€38.5 billion

Well being

€13.1 billion

€11.5 billion

Life & financial savings

€23.2 billion

€24.5 billion

Asset administration

€1.2 billion

€1.1 billion

 

Underneath P&C, revenues for each industrial and private traces noticed a rise within the nine-month span. Life & financial savings, revenues from which have been down, recorded the next end result just for the safety unit; the quantities from unit-linked and common account (G/A) financial savings have been decrease from a yr in the past. For well being, each group and particular person enterprise contributed larger revenues.

Geography-wise, AXA reported improved revenues in France (residence market), Europe, and Asia. Income slid for the worldwide division. In the meantime each AXA XL and Transversal loved will increase. Transversal is the a part of the group that features the likes of AXA Help and AXA Liabilities Managers.

Commenting on the figures, chief monetary officer Alban de Mailly Nesle famous: “AXA has delivered one other robust efficiency within the first 9 months of 2022 in a difficult atmosphere. Our income combine continued to be of top quality, targeted on rising technical traces whereas lowering our publicity in nat cat (pure disaster) reinsurance and conventional G/A financial savings.

“Well being and P&C industrial traces insurance coverage revenues have remained robust, rising by 14% and 6%, respectively. In P&C private traces, the pricing atmosphere is displaying clear indicators of enchancment. Total, we count on that the actions we’ve taken to counterbalance inflation impacts in P&C this yr ought to maintain our robust underlying technical profitability on observe throughout the group.”

In the meantime, in a separate launch, Monument Re stated its Belgian subsidiary has accomplished the acquisition of a run-off life insurance coverage portfolio from AXA Belgium.

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