French insurer AXA reported total revenues of EUR 31.8 billion for the 1Q2016 period, up by 1% y-o-y, "mostly driven by growth in Property & Casualty and International Insurance", as the company announced in a press release.

"In the first quarter of 2016, we increased sales in Property & Casualty, Protection & Health and Unit-Linked products, maintaining our selective business mix, proving again to be very well adapted to the current macroeconomic environment and the needs of our customers", commented Denis DUVERNE, Director, Deputy Chief Executive Officer of AXA, in charge of Finance, Strategy and Operations.

The Life & Savings segment generated revenues of EUR 17.4 billion (vs. EUR 17.5 billion in 1Q2015), while Property & Casualty revenues were up by 3% to EUR 11.7 billion "mainly driven by 3.4% tariff increases on average", the French group said.

At the same time, Asset Management revenues totaled EUR 0.9 billion (down by 9% y-o-y), while International Insurance revenues increased by 6% to EUR 1.6 billion, "reflecting strong new business sales at AXA Corporate Solutions".

Click here to read the full press release.