AM Best Assigns Credit Ratings to AXA S.A. and AXA France Vie
AM Best has assigned a Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Ratings of “aa-” (Superior) to
The ratings reflect AXA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favorable business profile and very strong enterprise risk management.
The ratings of
AXA’s balance sheet strength is underpinned by its consolidated risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). The assessment considers the group’s strong earnings generation and prudent capital management. Financial flexibility is considered to be excellent,demonstrated by the group’s good access to capital markets. A partially offsetting factor in the assessment is AXA’s reliance on softer capital components to support its capital position, including hybrid debt and value of in-force life business.
AXA has a track record of strong operating performance, supported by its diversified earnings profile. The group has produced a five-year weighted average return-on-equity ratio of 6.2% (2017-2021), as calculated by AM Best. Return metrics include the exceptional charges associated with the group’s restructuring in 2018. In 2021, AXA reported a solid net income of
AXA is one of the world’s largest insurance groups, with significant diversification by line of business and geography, and leading positions in many developed and emerging markets. The group offers a complete range of life, health and non-life insurance products, as well as asset management services. Its competitive position is supported by its scale and strong brand.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in
Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
src="https://cts.businesswire.com/ct/CT?id=bwnewssty=20220708005436r1sid=acqr8distro=nxlang=en" style="width:0;height:0" />
View source version on businesswire.com: https://www.businesswire.com/news/home/20220708005436/en/
Associate Director, Analytics
+31 20 308 5423
pierre.tournier@ambest.com
Financial Analyst
+31 20 308 5422
morgane.hillebrandt@ambest.com
Dr.
Director, Analytics
+31 20 308 5427
mathilde.jakobsen@ambest.com
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Managing Director,
+1 908 439 2200, ext. 5204
jeffrey.mango@ambest.com
Source: AM Best
Business Management Liability Insurance Market to Witness Huge Growth by 2027: Allianz, AXA, MetLife
Disability Insurance Market to See Major Growth : PIU, Aviva, Aegon N.V.: Disability Insurance Market Size, Share, Future Growth and Opportunity Assessment 2021-2027
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Health plans task force fight Medicaid fraud
- Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
- More than 1,700 Pottawattamie County residents face Medicare plan cancellations
- KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits NewsLife Insurance News