The word from AXA;
“AXA delivered a strong performance in 2022 despite a challenging environment, a confirmation of the resilience of our business model”, said Thomas Buberl, Chief Executive Officer of AXA. “Our Group is well positioned, delivering across all dimensions, with underlying earnings per share of Euro 3.08, up +12%, a Solvency II ratio at 215% and Euro 4.5 billion cash at the Holding.”
Gross revenues were 102 billion euros, up 2%.
“We remain focused on executing our strategy. We recorded good growth across our technical and cash-generative businesses, particularly in P&C Insurance, Health and Protection, while continuing to reposition away from Nat Cat reinsurance and traditional General Account business. Our fundamentals are strong and our distinctive franchise can deliver sustainable growth in the future, in particular by addressing new areas of coverage, including from the energy transition.”
“In 2022, we continued to invest in innovation, as reflected by the launch of the Digital Commercial Platform, which aims to bring more value-added services to our customers, and to strengthen our position in our core markets, including through a selective acquisition
in Spain.”
“Our model is built on capital discipline, and we remain committed to delivering value for our shareholders. In light of our strong performance in 2022 and a robust balance sheet, the Board of Directors is proposing a dividend of Euro 1.70 per share, up 10%, and has, again, approved a share buy-back up to Euro 1.1 billion.”
“We are well positioned to deliver on our “Driving Progress 2023” key targets, and currently expect to exceed our targeted compounded annual growth rate of 3%-7% in underlying earnings per share over the plan period. I would like to acknowledge the unwavering commitment of our employees, agents and partners, who have been instrumental to this year’s performance, and thank our clients for their continued trust.”
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