AXA Group’s 2024 Financial Results and Strategic Innovations
AXA Turkey proudly presented AXA Group‘s remarkable financial performance for 2024, alongside game-changing sector innovations at the ongoing agency meetings. The 2024 financial results reflect the success of AXA Group’s new strategic plan, “Unlocking the Future,” which emphasizes an insurance-focused approach, financial resilience, and robust financial health.
In 2024, AXA Group celebrated significant revenue growth across life, health, individual, and commercial insurance sectors. This growth was accompanied by a notable increase in customer loyalty, driven by enhanced customer satisfaction and forward-thinking initiatives.
Innovative Growth and Technological Advancements
AXA Group’s dedication to enhancing customer loyalty has been rewarded, thanks to strategic customer satisfaction initiatives in both retail and commercial branches. Continuing its investment in technology, the company is poised to boost shareholder value by concentrating on high-margin business areas.
In 2024, AXA Group accelerated its volume growth without compromising on pricing discipline, achieving robust momentum through new initiatives. This resulted in an increased group-level operating profit of EUR 8.1 billion for the year. The profitability growth was bolstered by strong technical margins in personal, commercial, and health insurance sectors.
Capital Management and Forward Vision
In line with AXA Group’s strong capital management policy and as a publicly listed entity, the board approved a dividend of EUR 2.15 per share, marking a 9% increase from the previous year. This represents a dividend payout ratio of 60%. Additionally, an annual share buyback program of EUR 1.2 billion was sanctioned. AXA Group’s capital adequacy ratio for 2024 stood at 216%, underscoring the company’s solid financial foundation and commitment to sustainable growth.
With a global presence, AXA Group continues to serve 95 million customers with a dedicated workforce of 154,000 employees across 50 countries.
