Axa XL posts H1 profit of EUR688mn despite EUR300mn Ukraine hit

03 August 2022

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Group underlying earnings at Axa reached EUR3.9bn ($3.97bn) in the first half of the year, while subsidiary Axa XL grew underlying earnings by 1% to EUR688mn on the same period last year.

The group earnings were largely driven by higher investment income, including reinvestment yields, growth in health and commercial lines, as well as favourable pricing movements in various classes.

The

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Axa XL posts H1 profit of EUR688mn despite EUR300mn Ukraine hit

Group underlying earnings at Axa reached EUR3.9bn ($3.97bn) in the first half of the year, while subsidiary Axa XL grew underlying earnings by 1% to EUR688mn on the same period last year.

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Axa XL posts H1 profit of EUR688mn despite EUR300mn Ukraine hit

Group underlying earnings at Axa reached EUR3.9bn ($3.97bn) in the first half of the year, while subsidiary Axa XL grew underlying earnings by 1% to EUR688mn on the same period last year.

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Uncover exclusive insights tailored for insurance leaders

Topics

LSM COO Maddern to exit after Global Risk Solutions restructure

Inigo boosts pre-tax profits to $144.5mn in 2023 with CoR of 85.5%

Where have all the start-up brokers gone?

Major cyber cat event could be 'brushed off' by industry: Lockton Re

City of Baltimore files suit against Dali owner and manager

Gulf flooding to push up reinsurance costs: Moody’s

Liberty Mutual Re launches parametric earthquake cover