AXA's 3Q revenues up by 4% y-o-y, to EUR 75.8 billion

8 November 2018 — Andrei Victor
French insurer AXA announced its January-September 2018 total revenues were up 4% to EUR 75.8 billion with growth in all geographies.

According to the statement published on the AXA's website, the increase in was primarily driven by:

  • strong growth in Europe (+3%) notably with higher sales in Italy and Spain,
  • France (+5%) due to strong growth from Life & Savings and Health,
  • Asia (+4%) with growth in Hong Kong and Japan,
  • International (+4%) with strong growth in Mexico and Turkey and
  • the United States (+2%) with higher revenues at AB as well as a strong recovery in the third quarter in US Life & Savings.
Per business lines, of total revenues, about EUR 37.2 billion was accounted by Life and Savings LoBs, about EUR 25.4 billion - property casualty, and EUR 9.9 billion - Health.

Per regions, France generated about EUR 18.9 billion of total 9M2018 revenues. Outside France, the largest shares in terms of revenues were accounted by the following regions: Europe (EUR 29 billion) and United States (EUR 12.1 billion).

"AXA delivered a strong performance in the first nine months of 2018, illustrating the strength of our operations and the pertinence of our simplified operating model", said Gerald Harlin, Deputy CEO and Group CFO of AXA.

"We grew in all five of our geographies and across all business lines. Notably, we recorded a strong top line growth in our preferred segments with the continued dynamism of our Health, Protection and P&C Commercial lines businesses."

Click here to read more.

Share |