9M17 Activity Indicators: Continued growth in preferred segments
- Health revenues up 6% to Euro 9.4 billion
- P&C Commercial lines revenues up 2% to Euro 13.8 billion
- Unit-Linked APE up 9% to Euro 1.2 billion
- Asset Management revenues up 7% to Euro 2.9 billion
AXA continued to deliver growth in its preferred segments during the first nine months of 2017, in line with Ambition 2020.
In Life & Savings, we recorded strong Unit-Linked sales and increased net inflows in Protection & Health, maintaining our superior NBV margin at 40%. In Property & Casualty, we continued to grow revenues in commercial lines and non-motor business, reflecting our underwriting discipline. We also launched our first blockchain-based parametric insurance product, fizzy, an innovative solution for flight delay insurance.
We reinforced our leading global position in the Health business, growing again by 6% in this preferred and strategic segment. The Asset Management business showed strong net inflows in the third quarter, with revenues up 7% over the nine months.
AXA’s Solvency II ratio at 201%, once again highlights the quality of our balance sheet.
In the third quarter, AXA was recognized as the leading global insurance brand for the 9th consecutive year, reflecting the continued trust of our more than 100 million customers. I would like to thank all AXA employees, distributors and partners for this important achievement.