Record Growth in Insurance Sector: Performance Insights

Insurance industry stakeholders will be interested in the company's recent performance metrics, showcasing notable improvements. Gross written premiums reached EUR 66.3 billion, marking a 5.3% increase year-over-year, bolstered by strong performances in Life & Health at 8.1% and Property & Casualty at 2.9%. Underlying earnings per share rose to EUR 2.19, which is an 8% increase from the previous year, while underlying earnings grew to EUR 4.5 billion, representing a 9% increase excluding results from AXA Investment Managers.

Net income totaled EUR 4.2 billion, reflecting 9% growth supported by better underlying earnings and favorable mark-to-market adjustments. The Solvency II ratio stood at 218% as of June 30, 2026, gaining 3 points since January 1, 2026. Business performance across regions such as Europe, Asia, Africa, and Latin America was favorable, although the Property & Casualty combined ratio slightly increased to 90.1%, noting higher losses in the Middle East.

Life & Health's underlying earnings rose by 11% to EUR 2.0 billion, with gross written premiums at EUR 31.2 billion, marking an 8% growth. Net inflows for Life & Health climbed to EUR 4.7 billion, up from EUR 3.6 billion the previous year. The underlying return on equity improved to 18.3%, while the administrative expense ratio dropped by 40 basis points. Management expects to hit the upper end of a 6–8% compound annual growth rate target for underlying earnings per share from 2023 to 2026.

A strategic plan for 2027 to 2029 will be unveiled in September 2026, with expected organic cash upstream exceeding EUR 21 billion from 2024 through 2026. A commitment to a total payout ratio of 75% has been declared, splitting 60% towards dividends and 15% to annual share buybacks. AI and technology are anticipated to significantly support future cost management and growth strategies.