9M18 Activity indicators : another strong quarter, with continued growth momentum
- Total gross revenues up 4% to Euro 75.8 billion
- APE up 9% to Euro 4.8 billion, with NBV up 4% to Euro 2.0 billion
- Health revenues up 7% to Euro 9.9 billion
- Protection APE up 10% to Euro 1.6 billion
- P&C Commercial lines revenues up 2% to Euro 12.4 billion
AXA delivered a strong performance in the first nine months of 2018, illustrating the strength of our operations and the pertinence of our simplified operating model.
We grew in all five of our geographies and across all business lines. Notably, we recorded a strong top line growth in our preferred segments with the continued dynamism of our Health, Protection and P&C Commercial lines businesses.
In September, we closed the XL Group acquisition, a key milestone in our transformation journey. AXA Group’s balance sheet remains strong with a Solvency II ratio at 195%, well within our guidance.
In the quarter, we also announced a partnership with Liverpool Football Club as their Global Insurance partner, and we were recognized by Interbrand as the #1 global insurance brand for the tenth consecutive year. I would like to thank our clients for their continued trust and am grateful to our employees, distributors and partners for their strong drive and commitment.