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AXA (CSP) investor relations material
AXA Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M26 gross written premiums and other revenues rose 5% on a comparable basis and 4% reported to €93.0bn, with growth across P&C and Life & Health.
Solid operating performance and Life & Health net flows supported 2026 guidance; the Solvency II ratio was 213% amid volatile markets.
Financial highlights
P&C premiums and other revenues reached €48.1bn (+3%); Life & Health reached €44.8bn (+7%).
Life & Health PVEP rose 8% to €39.9bn; NB CSM increased 1% to €1.6bn, NBV was stable at €1.7bn, and net flows were €6.0bn versus €5.6bn.
Outlook and guidance
2026 underlying earnings are expected at ~€8.6bn; underlying EPS growth and underlying ROE are expected at the top end of target ranges of 6%–8% and 14%–16%.
Guidance assumes no significant deterioration in operating conditions, including natural-catastrophe charges, pricing and the market environment.
Current trends are seen as supportive of the 2027–2029 Growing Forward plan; next-plan P&C revenue growth target is above 5%.
2027 Prima premium recapture is expected to approach 100%; 2026 recapture is projected at 40%–45% by year-end, versus ~30% to date.
- Strategic plan emphasizes organic growth, AI integration, and disciplined capital allocation.CSP
Bank of America 31th Annual Financials CEO Conference - Ambitious 2027–2029 plan targets 7–9% EPS CAGR, 15–17% ROE, and €25bn cash remittance.CSP
CMD 2026 - Earnings per share up 8%, net income up 9%, and Solvency II ratio at 218%.CSP
Q2 2026 (Media) - EPS up 8%, net income up 9%, and Solvency II ratio at 218% reflect strong performance.CSP
Q2 2026 - Record earnings, strong capital, and robust growth across core segments in FY25.CSP
Q4 2025 - Revenue and premiums up 7%, earnings up 6%, Solvency II ratio at 220%, ROE 17.5%.CSP
Q2 2025 (Media) - 7% revenue growth, 4% EPS rise, asset manager sale, and strong capital position support outlook.CSP
Q2 2024 - 7% revenue growth and a 221% solvency ratio support the 2024 EPS target of 6%-8%.CSP
Q3 2024 - 8% revenue and EPS growth, record profits, and 9% higher dividend drive strong returns.CSP
Q4 2024
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Frequently asked questions
One of the largest European insurers
AXA is one of the largest European insurers, the number one global commercial lines insurer, and an international leader in health and employee benefits.
The company was founded as Mutuelle de L'assurance contre L'incendie in Normandy in 1816, over 200 years ago, as a small mutual insurance company. Since then, the company has gone through several big mergers and name changes, adding millions of customers to its account. The name AXA was adopted in 1985.
The four main business segments
With its employee base of over 150,000, operations in 50 countries, and about 95 million clients, AXA operates four main business segments. Here, listed in the order of magnitude.
Property and Casual: With clients pay premiums to ensure coverage in an eventual insured loss (accident, theft, fire, etc.).
Life and Savings: Two main areas: savings and retirement, are where the money entrusted to AXA is invested and managed. And the personal protection and health line: covers life accidents for individuals or companies for their employees.
Health: Getting you the expert healthcare you need.
Asset Management: To obtain the best possible return on the assets of the group’s insurance companies and their clients, based on the risk profile and investment timeframe.
A company in transformation
AXA has transformed in recent years, simplifying their geographic and operational split, shifting the group's profile towards more technical risks, and improving UX through digitalization. Some of AXA’s main competitors are Allianz, Sun Life, and Cigna Corporation.
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