Fitch Ratings affirms AXA's rating

Fitch Ratings has confirmed AXA's “AA” financial strength and “AA -” long-term credit ratings. The outlook is stable.

The rating reflects the outstanding financial performance of the French group and its solid capitalization and business profile.

According to Fitch, AXA benefits from considerable geographic and commercial diversification, and leading positions in a number of its key markets.

The insurer's strong capitalization is evidenced by a solvency ratio of 227% in the first half of 2024.