AXA_Logo_Solid_RGB MAGAZINE ABOUT US INSIGHTS PRESS INVESTORS CAREERS EN FR ABOUT US Profile and Key Figures Present in 54 countries, AXA's 153,000 employees and distributors are committed to serving our 105 million clients. Our areas of expertise are applied to a range of products and services that are adapted to the needs of each and every client across three major business lines: property-casualty insurance, life & savings, and asset management. FINANCIAL DATA OUR PEOPLE Financial Data Well-established in Western Europe, North American and Asia/Pacific markets, the Group intends to reinforce its growth in the years ahead by intensifying its presence in high-growth markets. Revenues Total revenues were down overall for the year by 1%, reflecting strong growth in the first quarter (+4%), a decline in the second quarter (-10%), and a recovery in the third (-1%) and fourth (+1%) quarters. AXA’s preferred segments continued to perform well and accelerated in 4Q20 with a growth of 5% (+3% in FY20). (IN MILLIONS OF EURO) 2014 2015 2016 2017 2018 2019 2020 92,000 93,000 94,000 95,000 96,000 97,000 98,000 99,000 100,000 101,000 102,000 103,000 Net Income Net income decreased by 18% to Euro 3.2 billion, as the decrease in underlying earnings and the negative mark-tomarket impact of invested assets were partly offset by a favorable impact from the change in the fair value of derivatives, and the non-repeat of the negative impacts from the announcement of the disposal of AXA Bank Belgium and the deconsolidation of EQH. (IN MILLIONS OF EURO) 2014 2015 2016 2017 2018 2019 2020 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Underlying Earnings Underlying earnings decreased by 34% to Euro 4.3 billion, driven by (i) Property & Casualty (-51%) mostly due to the impact of Covid-19 related claims, (ii) Life & Savings (-7%) primarily linked to a lower technical margin, while investment margin remained resilient, partly offset by (iii) Holdings (+15%) mostly due to higher dividends from non-consolidated entities, as well as lower general and financing expenses, (iv) Asset management (+6%) mainly from higher management fees, notably from Alternatives, as well as (v) the impact of the deconsolidation of Equitable Holdings, Inc. (“EQH”) in 2019. (IN MILLIONS OF EURO) 2014 2015 2016 2017 2018 2019 2020 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,000 6,200 6,400 Solvency II ratio Solvency II ratio was 200% at December 31, 2020, up 20 points versus September 30, 2020, mainly driven by (i) the integration of AXA XL in the Group’s internal model (+13 points), (ii) a positive operating return of +3 points, net of accrued dividend for FY20 to be paid in 2021, (iii) the completion of the disposal of our Central and Eastern European operations (+2 points), and (iv) positive financial market effects (+1 point), primarily from higher equity markets, partly offset by (v) the repayment of a subordinated debt (-1 point). (PERCENTAGE) 2014 2015 2016 2017 2018 2019 2020 193 194 195 196 197 198 199 200 201 202 203 204 205 Revenues by geographic region Direct business revenues are split within geographies EUROPE (EXCL. FRANCE) FRANCE AXA XL ASIA & INTERNATIONAL INTERNATIONAL TRANSVERSAL Underlying earnings PROPERTY & CASUALTY HEALTH LIFE AND SAVINGS ASSET MANAGEMENT AND BANKING *FY15 figures are restated following the sale of the UK Life & Savings business Find out more 2020 ANNUAL REPORT MORE ON AXA.COM 2020 INTEGRATED REPORT WEB VERSION 2020 INTEGRATED REPORT PDF VERSION AXA ESSENTIALS, 2021 EDITION MORE ON AXA.COM AXA GROUP SOCIAL DATA REPORT 2019 MORE ON AXA.COM FACTSHEET (12/31/2020) MORE ON AXA.COM DIRECT ACCESS Contact us Subscribe to email alerts Regulated information DATA PROTECTION Cookie Policy Cookie Management Privacy Policy FOLLOW US ENGLISH / FRANÇAIS Legal information and terms of use © 2021 AXA All Rights Reserved Cookie AXA and its 7 third party providers use cookies/tracers for the following purposes: audience measurement, to compile statistics based on the use of our website, social media sharing, to share content on social networks or platforms present on our sites, functionalities management, to provide enhanced functionality and personalization on our website. You are free to accept or refuse these cookies/tracers. We will retain your choice for 6 months. You can change your mind at any time by clicking on the "Personalize my choices" link. LIST OF THE THIRD PARTIES AND COOKIE POLICY PERSONALIZE MY CHOICES REJECT ALL ACCEPT ALL