AXA S.A. receives regulatory approval to operate as a licensed reinsurer

AXA S.A. receives regulatory approval to operate as a licensed reinsurer

AXA announced today that AXAS.A., the holding company of AXA Group, has obtainedits reinsurance l icense from theAutorité de contrôle prudentiel et de résolution(ACPR-the French Prudential Supervision and Resolution Authority)1, in the context of the previously announced transformation of AXA S.A.into AXA Gro up ' sinternal reinsurer.

The transformation of AXA S.A. intothe Group's internal reinsureraimstoenhancecapital fungibility across AXA Group2, in line with AXA's capital management policy.

The transformation will be complete following the merger3of AXA S.A. and its captive reinsurer, AXA Global Re, currently expected at the end of June 2022.

1The grant of AXA S.A.'s reinsurance license follows shareholder approval relating to the necessary changes to AXA S.A.'s bylaws at its AnnualShareholders' Meeting held on April 28, 2022.

2AXA S.A. intends to reinsure part of its European P&C carriers thr ough annually renewable quota share reinsurance treaties.3Such merger is subject to customary regulatory approvals.

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The AXA Group is a worldwide leader in insurance and asset management, with 149,000 empl oye e s serving 95 million clients in 50 countries. In 2021, IFRS revenues amounted to Euro 99.9 bil lion and underlying earnings to Euro 6.8 billion. AXA had Euro 1,051 billion in assets under management as of December 31, 2021.

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This press release and the regulated information made public by AXA pursuant to article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1 et seq. of the Autorité des marchésfinanciers' General Regulation are available on the AXA Group website (axa.com).

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IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein are forward-looking, including but not limited to statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their na ture, they are subject to known and unknown risks and uncertainties and can be affected by other factors thatcould cause AXA's actual results to differ materially from those expressed or implied in such forward-looking statements. Please refer to Part 5 -"Risk Factors andRisk Management" of AXA's Universal Registration Document for the year ended December 31, 2021 for a description of certain important factors, risks and uncertainties that may affect AXA's business and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

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AXA SA published this content on 10 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2022 19:05:02 UTC.