French insurer AXA recorded a 6% year-on-year improve in gross written premiums and different revenues to €37.95bn within the first quarter of 2026 (Q1 2026), supported by development throughout its property and casualty (P&C) and life and well being (L&H) companies.
For the three months ended 31 March 2026, P&C premiums rose by 4% to €21.46bn.
Retail premiums elevated by 7%, pushed by a 4% pricing impact and a 3% rise in volumes, whereas business premiums grew 3%, with pricing and quantity contributing equally to the rise.
Inside the division, private strains premiums climbed 7% to €7bn, supported by greater pricing and enterprise volumes throughout Europe, France, and Asia, Africa and Europe, the Center East and Latin America.
Premiums at AXA XL Reinsurance fell by 7% to €1.24bn because the group maintained underwriting self-discipline amid softer market circumstances.
L&H premiums elevated by 8% to €16.46bn throughout the quarter. Life premiums rose by 8%, whereas well being premiums additionally recorded 8% development.
Unit-linked gross sales superior 16%, whereas normal account financial savings premiums have been up by 9% and safety premiums elevated by 4%.
L&H new enterprise contractual service margin (NB CSM) rose by 4% to €600m.
Web flows improved to €2.7bn from €2.5bn in the identical quarter a 12 months earlier.
AXA stated its Solvency II ratio stood at 211% on the finish of March 2026, down 4 factors from 1 January 2026.
The insurer attributed the decline to monetary market volatility together with greater inflation expectations and elevated fairness and rate of interest volatility, partly offset by sturdy working returns.
The Solvency II ratio is the first measure of an insurer’s monetary energy beneath EU rules and displays the connection between out there capital and the capital required to stay solvent.
AXA stated it stays on monitor to ship underlying earnings per share (EPS) development for 2026 on the higher finish of its 6–8% goal vary.
The corporate additionally plans to current its 2027–29 strategic plan on 15 September 2026.
AXA chief monetary officer Alban de Mailly Nesle stated: “AXA delivered a robust begin to the 12 months, with topline development throughout all enterprise strains, absolutely aligned with our natural development technique.
“This efficiency underscores the continued strong enlargement of our P&C companies in each Retail and Business, with development nicely balanced between pricing and volumes, whereas Life & Well being revenues mirror the continuation of final 12 months’s sturdy momentum.
“Within the context of a unstable macro setting, we function from a place of energy, supported by a strong steadiness sheet, a Solvency II ratio of 211% and a high-quality funding portfolio.”
