Axa Sa · EURONEXT:CS
Axa Sa — Axa Sa Ord — 9M 2022 Earnings Presentation
11 slides from Axa Sa's earnings presentation, Nov 3, 2022
Slide 1: 9M 2022 Activity Indicators presentation
9M 2022 Activity Indicators presentation November 3, 2022
Slide 2: Important legal information and cautionary statements
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS AND THE USE OF NON-GAAP FINANCIAL MEASURES Certain stateme nts contained he re in may be f orward-look ing state me nts including, b ut not l imited to, state ments that are predictions of or indicate future
Slide 3: 9M 2022 key highlights
9M 2022 key highlights Revenues at €78bn up +2% with sustained high-quality mix focused on technical lines Continued discipline on pricing, supporting underwriting margins Strong balance sheet with Solvency II ratio at 225% and quality asset mix Hurricane Ian impact estimated at €0.4bn, reflecting r
Slide 4: Continued high-quality revenue mix in 9M22
Continued high-quality revenue mix in 9M22 In Euro billion +2%1 Continued revenue growth in technical lines 78.4 76.0 +6% +4% +3% +14% P&C Commercial P&C Personal Protection Health P&C +3% lines Insurance2 lines Disciplined reduction in Nat Cat Reinsurance exposure L&S -6% and traditional G/A Saving
Slide 5: Continued favorable pricing in 9M22
Continued favorable pricing in 9M22 Price effect1 1H22 9M22 1 AXA XL Insurance +9.5% +7.9% ▶ AXA XL price increase holding well and ahead of loss trends AXA XL Reinsurance1 +7.5% +7.6% ▶ Accelerating price increase, especially in Commercial Commercial Lines (excl. AXA XL) +3.3% +4.2% Property (+9% i
Slide 6: Solvency II ratio at 225%
Solvency II ratio at 225% Solvency II ratio1 Solvency II ratio1 rollforward 1H22 Solvency ratio 227% 227% 225% 217% Operating return (net of dividend) +1pt Market impact -3pts o/w interest rates +3pts o/w equity markets -2pts o/w implied volatility -5pts Debt redemption -2pts Other +1pt FY21 1H22 9M
Slide 7: Limited impact from Hurricane Ian reflecting underwriting actions
Limited impact from Hurricane Ian reflecting underwriting actions Insured losses from Hurricane Ian Significant reduction in market share close to the highest in history reflecting strong underwriting actions Industry losses as-if today USD billion of main AXA XL net market shares for recent Florida
Slide 8: Q&A session
Q&A session 9M 2022 Activity Indicators presentation
Slide 9: Scope and definitions
Scope and definitions Scope ▪ France: includes insurance activities, banking activities and holdings in France. ▪ Europe: includes Switze rland (insurance activities), Ge rmany (insurance activitie s and holdings), Belgium (insurance activ ities and holdings), United Kingdom and Ireland (insurance a
Slide 10: Notes
Notes Page 4 1. Including Banking segment 2. Commercial lines Insurance refers to P&C Commercial lines excluding AXA XL Reinsurance. Page 5 1. Price increases on renewals for AXA XL, calculated as a percentage of renewable premiums. 2. Year-on-year change Page 6 1. The Solve ncy II ratio is e stimat
Slide 11: Thank you
Thank you Activity Indicators presentation November 3, 2022