Being the world’s largest insurance company in terms of asset size, AXA Group announced the financial results of 2016. Group’s total revenues increased to 100.2 billion EUR on a comparable basis, crossing the Euro 100 billion mark for the first time in the company’s history; while the net income was up to 5.8 billion EUR
During 2016, when the company generated a very high volume of revenues, shareholder's equity went up 70.6 billion EUR. The Group once again proved the robustness of its balance sheet with total assets reaching 892 billion EUR and a Solvency II ratio of 197 percent. Operating in 64 countries around the world and serving 103 million customers with 166 thousand employees, AXA Group has therefore completed the first year of its 2020 targets successfully.
Thomas Buberl, Chief Executive Officer of Axa, stated that AXA’s revenues crossed the Euro 100 billion mark for the first time in the company’s history. He added that in Life & Savings, the company continued to grow profitably; and that in Property & Casualty, they grew in both personal and commercial lines. He underlined that the Group was on track on the headline targets of their Ambition 2020 plan; adding that they would keep pursuing the transformation of the Group towards becoming the innovation leader in insurance and empowering people to live a better life.
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Guillaume Lejeune, CEO and Chairman of AXA Sigorta Turkey, said: “AXA Group is extremely successful in increasing the quality of its services and offering its global know-how for the use of its customers in every single country where we operate. AXA Group considers Turkish insurance market as a long term investment area. As AXA Sigorta, we aim to maintain our sustainable and profitable growth with the strength driven from this support.”
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