AXA: Q1 2023 results
As at 31 March 2023, the French group's turnover amounted to 31.8 billion EUR (34.6 billion USD), increasing by 2% (in original currency) compared to the 31.2 billion EUR (34.7 billion USD) recorded at the end of March 2022.
Non-life premiums have progressed by 5% to reach 18.6 billion EUR (20.2 billion USD). The health, life, savings and pensions activity recorded 12.8 billion EUR (13.9 billion USD) in written premiums, dropping by 2% over a year.
The asset management class of business, on the other hand, has posted a turnover of 400 million EUR (435 million USD).
The solvency ratio stood at 217% against 215% as at 31 December 2022, representing a 2-point improvement.
AXA is expecting an operating result exceeding 7.5 billion EUR (8.2 billion USD) for the full year 2023.
Read also | AXA: 2022 results