AXA SA (XPAR:CS)
€ 33.57 -0.07 (-0.21%) Market Cap: 73.72 Bil Enterprise Value: 125.47 Bil PE Ratio: 10.37 PB Ratio: 1.54 GF Score: 54/100

Q1 2019 AXA SA Corporate Sales Call Transcript

May 03, 2019 / 07:00AM GMT
Release Date Price: €23.07 (+1.94%)
Operator

The line is open.

Andrew Wallace;Barnett
AXA SA - Senior VP & Head of IR

Okay. Good morning, everybody, and welcome to AXA's conference call on our activity indicators in the first 3 months of 2019.

I'm pleased to welcome Gérald Harlin, our Deputy CEO and Group CFO, who will be taking you through the highlights of the release and will be very happy to take your questions afterwards.

Gérald, I hand over to you.

GÃ;rald Harlin
AXA SA - Deputy CEO & CFO

© -

Thank you, Andrew. Hello and good morning to all. Thank you for joining this call.

As you can see from yesterday's release, AXA has delivered another strong performance for the first 3 months of 2019. Our total gross revenues grew by 3% at group level. Importantly, we grew strongly again in each of our 3 preferred segments. P&C Commercial lines revenues were up 6%, Health revenues plus 6% and Protection APE plus 5%. Our balance sheet remains very strong, with Solvency II ratio at 190%, well

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