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AXA : 2022 results

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Magazine Issue: 
Insurance of systemic risks [3]
Magazine date: 
Feb 2023
AXAAXA has posted a turnover of 102.345 billion EUR (109.3 billion USD) as at 31 December 2022, which represents a 2% increase over one year.

The net profit stood at 6.675 billion EUR (7.1 billion USD) against the 7.294 billion EUR (8.3 billion USD) recorded at the end of 2021, down by 8%. This decline is mainly due to the negative impact of the financial markets on the company's assets and derivatives.

The operating result went up by 7% to reach 7.264 billion EUR (7.8 billion USD). The return on equity (ROE) amounted to 14.5%.

The group's solvency ratio deteriorated by one point to 215% at the end of 2022.

The Board of Directors has proposed the distribution of a dividend of 1.7 EUR (1.8 USD) per share and has also approved the implementation of a share buyback program for an amount of 1.1 billion EUR (1.2 billion USD).

Read also | Ranking of European insurers and reinsurers [4]

Fri, 24/02/2023 - 14:13

Source URL: https://www.atlas-mag.net/en/category/pays/france/axa-2022-results

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-198-february-2023
[4] https://www.atlas-mag.net/en/article/ranking-of-european-insurers-and-reinsurers-in-2017