(Finance) – The insurance group AXA Italy closed 2021 with very positive results, despite the highly complex context and is confirmed as one of the 10 strategic markets for the Group. Net profitequal to 328 million euros, is up by 19% compared to the previous year.
“AXA Italia records excellent results and strong operating performance in 2021 – he claims Giacomo Gigantiello, CEO of AXA Italy – with a net profit of 328 million euros, up 19% compared to 2020, accompanied by the strengthening of capital solidity, which recorded an increase of 30 points, reaching 199%. The exceptional business results that mainly concern our strategic segments, Health, Life Protection, Companies and Unit Linked, were achieved thanks to the professionalism of the distribution networks and the daily commitment of all our collaborators. These results – adds the top manager – they are the result of a constant path of innovation and significant investments in data and technology, to improve and simplify the experience of our customers, providing them with an ecosystem of distinctive and valuable services, as well as an inclusive culture consolidated at every level of the organization. On these solid foundations we continue our growth path “.
There overall collection stands at 6.7 billion euros, -0.2% compared to last year, of which the Damage collection grew to € 1.91 billion, + 3.1%, thanks to a focus on strategic business lines, such as the Commercial Lines sector (+ 8.7%), driven by the Non Motor sector (+11, 2%) and the Health sector (+ 11.4%).
In the lines of business Lifedeposits amounted to € 4.8 billion, with a decrease of 6.7%, thanks to a strategy of active focus on solutions with less capital absorption, supported by the excellent performance of the banking channel in the Unit Linked area, with a growth of + 16%.
Excellent performance in terms of profitability, with a combined ratio Damages current year at 94.1%, an improvement of 1.1 points compared to 2019 (last year before the covid), which benefits from an improvement in the loss ratio and a reduction in expenses.
Once again, the effectiveness of a strategy aimed at priority business sectors, in particular Health, Life Protection, Unit Linked and Companies, is confirmed, with continuous investments in innovation and technology to reinvent the customer experience by focusing on simplicity, transparency and accessibility to become true partners of customers, in line with the Driving Progress Plan.