SFCR 2023: AXA Group reports highest Solvency II ratio to date

AXA Group 2023 Solvency and Financial Condition Report, published today reports the highest solvency ratio of the group since 2016; 227%. The group ratio is up from 215% in 2022.

AXA Group drivers of SCR ratio 2016 2023
SOURCE: Solvency II Wire Data

AXA Group SCR 2023

Company View and historic values Solvency II Wire Data
Company View and historic values Solvency II Wire Data

The group also reported its lowest Solvency Capital Requirement (SCR) since 2016 EUR 25.3 million, which appears to be the main driver of the increase in the SCR ratio. Eligible Own Funds (EOF) also down from last year (EUR 57.4 million and EUR 58.5 million, respectively).

AXA Group eligible own funds 2016 2023
SOURCE: Solvency II Wire Data

Full 2023 QRT data for over 100 European insurance groups already available on Solvency II Wire Data.

See our latest research publication 30 days on, 14 European insurers with SCR ratio below 120%

Further analysis of 2023 SFCRs published by Solvency II Wire Data:

More information about the data is available to premium subscribers of Solvency II Wire Data and subscribes to Solvency II Wire‘s exclusive SFCR Spotlight mailing list (subscribe for free here).

Datasets available on Solvency II Wire Data

    • Bermuda Financial Statements: data for 226 insurers 2016 – 2022 (1090 reports) selected tables

    • Israel Economic Solvency Ratio Reports: all available data 2016 – 2022