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The AXA Group has published its key business indicators for the first nine months of 2024.For the three quarters ended 30 September of the current financial year, turnover reached 84 billion EUR (93.8 billion USD), up 7% over one year.
This performance was mainly attributable to the property-casualty class, which posted written premiums of 44.5 billion EUR (49.7 billion USD), followed by life and health insurance with 38.2 billion EUR (42.7 billion USD).
The asset management business recorded a turnover of 1.2 billion EUR (1.4 billion USD).
During the reporting period, the Solvency II ratio stood at 221%, down 6 points compared with the end of June 2024.
The preliminary cost (before tax and net of reinsurance) of claims arising from hurricanes Milton and Helene in the USA is expected to be around 200 million EUR (223.3 million USD).
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