Axa Sa Ord (AXAHF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the AXA full year 2025 earnings presentation. Currently all participants are in a listen only mode. After the speakers presentation there will be a question and answer session. To ask a question during the session you will need to press star and one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one again. Please note that today's conference has been recorded. I would now like to hand the conference over to your speaker, Anu Venkataraman. Please go ahead. Thank you, Operator. Good morning, everyone, and welcome to AXA's full year 25 results presentation. Presenting the results today are our Group CEO, Thomas Buble, Global Head of Finance, Strategy, Underwriting, Risk, and Technology, Guillaume Boury, and our Group CFO, Alvon de Mainel. In addition, we also have in the room Patrick Cohen, CEO of AXA European Markets and Health, Mathieu Godard, CEO of AXA France, and Scott Gunter, CEO of AXA Excel. With that, I turn it over to Thomas. Thank you, Anu. Good morning to all of you, and thank you for joining us for our full year 2025 results presentation. As you have seen from the numbers, we had a record performance with a group that is now positioned exactly where we want it to be, a pure insurance player with every business and every geography contributing positively to both the top and the bottom line. I'm extremely pleased with these strong results across the board. You see that the top line has grown by 6%, which is reflecting the strength of our franchise. You also have seen that the underlying earnings per share have grown by 8%, which is the top of our target range. This all happened while we were enhancing our reserve prudence a...