PARIS (Reuters) – Axa announced on Monday that it is aiming for operating profit of more than 7.5 billion euros for this year and indicated that the application of the new accounting standards IFRS17 and IFRS9 had no impact on cash management. and group capital.
The number two insurance company in Europe, after the German Allianz, indicated in a press release that it had generated a turnover in the first quarter up 2% to 31.8 billion euros, driven by its activities. damage insurance.
The latter saw their turnover grow by 5% between January and March, while in health, life, savings and retirement, Axa’s income fell by 2%.
“Despite an uncertain and volatile macro-economic environment, the group is in a strong position to achieve the objectives of the ‘driving progress 2023’ strategic plan which will end at the end of the year”, declared Alban de Mailly Nesle, the financial director of the insurance group, during a press conference.
At the end of March, its Solvency II ratio stood at 217% compared to 215% at the end of 2022.
(Report Mathieu Rosemain, Matthieu Protard, edited by Blandine Hénault)
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