AXA Upbeat on 2025 Earnings as Premiums Rise Across Business

By Joshua Kirby

AXA posted a rise in revenue for the first nine months of the year as premiums increased across divisions, and backed its growth target for the year.

The French insurer said Thursday that gross written premiums--a measure of commercial activity in insurance--and other revenue climbed 6% on year to 89.4 billion euros ($103.7 billion.)

That increase reflects a step-up in business in both the property & casualty division and the life & health division, with premiums rising by 4% and 11%, respectively, compared with the first nine months of 2024, AXA said.

The group's Solvency II ratio, a measure of financial strength, stood at 222% as of Sept. 30, up two points from the end of the previous quarter and one point from the 221% reported at the same point last year. AXA pointed to a stronger operating return and the 5.1 billion-euro sale this year of its investment-management arm to French bank BNP Paribas among reasons for the stronger ratio.

"In the current volatile environment, AXA's diversified business model and its solid balance sheet ... are a source of strength," Chief Financial Officer Alban de Mailly Nesle said.

For 2025 as a whole, AXA said it still expects to post growth in its underlying earnings per share in line with a target of 6%-8% compound annual growth between 2023 and next year.

"We remain confident in our strategy and are focused on the execution of our current plan," De Mailly Nesle said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

October 30, 2025 12:59 ET (16:59 GMT)