Reinsurance agreement between AXA France Vie and AXA Réassurance Vie France

On 20 December 2023, AXA France Vie signed a reinsurance agreement with AXA Réassurance Vie France (ARVF), co-owned by AXA Assurances Vie Mutuelle and AXA Assurances IARD Mutuelle.

The agreement with ARVF covers 12 billion EUR (13.1 billion USD) of savings reserves.

The transaction would have a positive impact of 2 points on the French group's Solvency II ratio as of 31 December 2023. It would also result in a decrease of approximately 50 million EUR (54.8 million USD) of AXA's annual operating result starting from 2024. The impact on the net income would be negligible.