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.
Read also | AXA: H1 2023 results [4]