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AXA's mission is to help customers live their lives with more peace of mind by protecting
them, their relatives and their property against risks, and by managing their savings and
assets.
As a company whose business is to protect people, we have a responsibility to leverage
our skills, resources and risk expertise to build a stronger and safer society.
Our teams across the world are embracing five values that we are not willing to
compromise on under any circumstances: Professionalism, Innovation, Pragmatism,
Integrity and Team Spirit. In addition, three core attitudes (available, attentive and
reliable) guide also all of our employees to better serve our clients and establish longterm relationships based on trust.
To achieve this mission, we are committed to redefining the standards of our business
so that we truly differentiate ourselves and earn the trust of our key stakeholders.
Our business
With over 103 million customers in 59 countries, AXA's strong global franchises and
three lines of expertise - Property & Casualty, Life & Savings and Asset Management provide a distinctive business portfolio. Our business model and strategy have
demonstrated their relevance and continue to build on distinctive strengths:
Our risk management expertise, which guarantees our financial strength and our
ability to keep promises;
Benoit Paill
Revenues
In 2014, total Revenues were up 3% to Euro 91,988 million, driven by growth in all
business lines in both mature and high growth markets. This growth was achieved while
keeping focus on profitability, with the continued improvement of Property & Casualty's
current year combined ratio as well as Life & Savings new business value margin up.
Revenues (in millions of euros)
Net income
In 2014, Net Income was up 12% to Euro 5.0 billion, as increased Adjusted Earnings
favorable changes in financial assets and derivatives mainly attributable to interest rates
and forex evolution were partly offset bythe impairment of part of the value of Reso due
to deteriorated economic perspectives in Russia.
Net income (in millions of euros)
sinSolvency I
ratio
AXA currently has a very good solvency margin, largely superior to the regulatory
minimum (100%). At December 31, 2014, Solvency I ratio was at 266%, up 45 points
vs. December 31, 2013 mainly driven by the impact of lower interest rates and by the
strong contribution from Underlying Earnings.
High level of solvency
Selectivity: Being a global Group means that we intend to put our resources where they
can make a difference (i.e. where our position can contribute to AXA's growth). Meeting
our customers' needs remains our constant goal and we want to accomplish this by
focusing more on developing products that are sustainably profitable and less capitalintensive.