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Investing.com -- AXA SA (EPA:AXAF) posted a 7% jump in gross written premiums and other revenues in the first quarter of 2025, totaling 37 billion euros, according to the company’s activity indicators update released on Tuesday.
The French insurer saw broad-based growth across its major business lines. Property and Casualty premiums rose 7% to 21 billion euros, while Life and Health premiums climbed 8% to 15.5 billion euros.
“AXA has started the year with strong performance, achieving robust revenue growth across all business lines,” said Group Chief Financial Officer Alban de Mailly Nesle. “This performance reflects the disciplined execution of our organic growth strategy, with a healthy balance between volume and pricing.”
In Property and Casualty, the company said growth was driven by both Personal and Commercial lines.
AXA noted continued benefits from favorable pricing and expansion in its customer base following last year’s turnaround in Personal lines.
Life and Health growth was said to have been supported by strong Unit-Linked sales, success in capital-light general account savings products, and growth in Employee Benefits.
The company also reported improved net inflows, citing higher sales and better client retention.
AXA’s Solvency II ratio stood at 213% at the end of Q1, down three points from year-end 2024. The company described its balance sheet as “robust” and emphasized the role of its “prudent asset portfolio” amid ongoing market volatility.
“We remain confident in our strategy and are focused on executing on the ‘Unlock the Future’ plan,” de Mailly Nesle said.
Sam Boughedda contributed to this report.