AXA: turnover increase in the first quarter of 2024

AXAAXA ended the first three months of 2024 with a 7% increase in turnover to 34 billion EUR (36.7 billion USD).

Non-life premiums were up by 6% to 19.8 billion EUR (21.4 billion USD). Life and health underwriting climbed by 8% to 13.8 billion EUR (14.9 billion USD).

During the reporting period, the Group's solvency ratio stood at 229%, up by 2 points compared to the end of 2023.

In another announcement, AXA has terminated an agreement with Athora Deutschland signed in July 2022 for the sale of a life and pensions portfolio in run-off in Germany.

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