The insurance company AXA has reported a 2% decline in net income to €3.92bn for H1 2025, although a 6% increase in operating income to €4.46bn (up 8% to €2.03 per share).

Gross written premiums and other income rose 7% to €64.3bn, driven by growth in property and casualty insurance (+6%), life and health insurance (+8%) and asset management (+4%).

AXA delivered an excellent performance in H1 2025, CEO Thomas Buberl said. We maintained our strong growth momentum while preserving a solid balance sheet with a Solvency II ratio of 220%.

Management is confident in AXA's ability to achieve operating income per share growth in 2025 within the target range of +6% to +8% per year on average between 2023 and 2026, as announced in the strategic plan.