Property and casualty premiums rose 4% to €21.5 billion, with retail premiums up 7%, reflecting a 4% contribution from price increases and 3% from volume growth. Commercial premiums grew 3%, with pricing and volumes contributing equally.
Life and health premiums climbed 8% to €16.5 billion, with both the life and health segments each posting 8% growth. New business contractual service margin in the life and health division rose 4%, with net flows of €2.7 billion.
AXA's Solvency II ratio stood at 211% as of March 31, down 4 points from the start of the year, which the company said reflected "resilience in a volatile environment."
Group Chief Financial Officer Alban de Mailly Nesle said the results demonstrated the strength of AXA's diversified model.
"AXA delivered a strong start to the year, with topline growth across all business lines, fully aligned with our organic growth strategy," he said.
On the outlook, AXA is now on track to deliver underlying earnings per share growth for 2026 at the upper end of its 6%-8% plan target range.
