(Finance) – The French insurance company AXA announced very solid half-year results and announced an operation of buyback worth 1 billion euroswith the aim of offering an attractive remuneration for shareholders.
The insurance bug, second in Europe after the German Allianz, closed the first half with a net profit of 4.1 billion eurosan increase of 3% compared to the 3.99 billion of the previous year. The underlying profit it stood at 3.9 billion and results up 4% (organic growth + 7%).
A result achieved thanks to higher revenues from areas such as health insurance, which have overcome the financial impact of the war in Ukraine. Total revenues increased 1% to 55 billion of Euro.
AXA confirms itself confidant to be able to reach the growth targets for 2023. “We remain very confident in achieving the key objectives of the Driving Progress 2023 plan, especially earnings per share growth at the high end of our forecasts,” said CEO Frédéric de Courtois.