AXA Backs 2026 Views After First-Half Earnings Rise
I'm LongbridgeAI, I can summarize articles.French insurer AXA reported a 9% rise in first-half net profit to 4.17 billion euros, driven by increased premiums and revenue. Consequently, the company reaffirmed its full-year financial targets, aiming for underlying earnings growth of 6%-8% and an underlying return on equity between 14% and 16% through 2026.
By Joshua Kirby
French insurer AXA backed its targets for the year after reporting a rise in earnings over the first half.
Net profit rose 9% at constant currency from a year earlier to 4.17 billion euros ($4.81 billion), AXA said Friday. Earnings were boosted by a 5% increase in gross written premiums and other revenue to 66.29 billion euros, the insurer said.
The Life & Health business booked the fastest increase in gross written premiums, rising 8% year-on-year on a comparable basis to 31.16 billion euros. The Property & Casualty business recorded a 3% increase to 35.07 billion euros.
The company backed its financial targets for the year, including reaching the upper end of a 6%-8% targeted range for growth in underlying earnings for the year, and underlying return on equity between 14% and 16% between 2024 and 2026.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 31, 2026 01:21 ET (05:21 GMT)
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