AXA reports 6% rise in Q1 premiums and revenues in “volatile environment”

French insurer AXA recorded a 6% year-on-year summation successful gross written premiums and different revenues to €37.95bn successful the archetypal 4th of 2026 (Q1 2026), supported by maturation crossed its spot and casualty (P&C) and beingness and wellness (L&H) businesses.

For the 3 months ended 31 March 2026, P&C premiums roseate by 4% to €21.46bn.

Retail premiums accrued by 7%, driven by a 4% pricing effect and a 3% emergence successful volumes, portion commercialized premiums grew 3%, with pricing and measurement contributing arsenic to the increase.

Within the division, idiosyncratic lines premiums climbed 7% to €7bn, supported by higher pricing and concern volumes crossed Europe, France, and Asia, Africa and Europe, the Middle East and Latin America.

Premiums astatine AXA XL Reinsurance fell by 7% to €1.24bn arsenic the radical maintained underwriting subject amid softer marketplace conditions.

L&H premiums accrued by 8% to €16.46bn during the quarter. Life premiums roseate by 8%, portion wellness premiums besides recorded 8% growth.

Unit-linked income precocious 16%, portion wide relationship savings premiums were up by 9% and extortion premiums accrued by 4%.

L&H caller concern contractual work borderline (NB CSM) roseate by 4% to €600m.

Net flows improved to €2.7bn from €2.5bn successful the aforesaid 4th a twelvemonth earlier.

AXA said its Solvency II ratio stood astatine 211% astatine the extremity of March 2026, down 4 points from 1 January 2026.

The insurer attributed the diminution to fiscal marketplace volatility including higher ostentation expectations and accrued equity and involvement complaint volatility, partially offset by beardown operating returns.

The Solvency II ratio is the superior measurement of an insurer’s fiscal spot nether EU regulations and reflects the narration betwixt disposable superior and the superior required to stay solvent.

AXA said it remains connected way to present underlying net per stock (EPS) maturation for 2026 astatine the precocious extremity of its 6–8% people range.

The institution besides plans to contiguous its 2027–29 strategical program connected 15 September 2026.

AXA main fiscal serviceman Alban de Mailly Nesle said: “AXA delivered a beardown commencement to the year, with topline maturation crossed each concern lines, afloat aligned with our integrated maturation strategy.

“This show underscores the continued robust enlargement of our P&C businesses successful some Retail and Commercial, with maturation good balanced betwixt pricing and volumes, portion Life & Health revenues bespeak the continuation of past year’s beardown momentum.

“In the discourse of a volatile macro environment, we run from a presumption of strength, supported by a robust equilibrium sheet, a Solvency II ratio of 211% and a high-quality concern portfolio."