AXA pronounces interim 2023 numbers

AXA is the newest to share the way it has carried out thus far this 12 months.

Based on the insurer’s exercise indicators launch, listed here are the numbers for the primary 9 months of 2023 when it comes to gross written premium and different revenues:

Beneath the P&C section, business and private strains each noticed a rise in premiums whereas AXA XL reinsurance posted a decline. Life & well being, in the meantime, was dragged down by the well being enterprise following the non-renewal of two giant legacy worldwide group contracts in France.

Commenting on the figures, chief monetary officer Alban de Mailly Nesle mentioned: “AXA achieved one other excellent efficiency within the first 9 months of 2023. Income progress remained robust with good momentum in our technical and money generative strains and throughout our two business and private pillars.

“In P&C business strains, which is our largest enterprise, premiums have been up 9% benefiting from good buyer demand and disciplined pricing. In P&C private strains, we noticed continued repricing with total premiums now up 5%.”

The CFO added that AXA’s mannequin continues to ship robust capital era and that the corporate is on monitor to attain its earnings outlook goal for 2023. On the finish of September, the insurer’s Solvency II ratio stood at 230%.

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