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AXA Corporate presentation 2014
AXA Corporate
presentation
2014
Table of contents
1. AXA Group – Positioning a global player
2. AXA in Belgium
3. AXA Belgium – Property & Casualty
4. AXA Belgium– Life & Savings
5. AXA Bank Europe
6. AXA in Belgium – A responsible company
Positioning a global player
1. AXA Group
AXA Group – Positioning a global player 1
Network of 30,000 brokers & agents and first
insurer with strategic partnership with Facebook
and active presence in Silicon Valley with AXA
Lab
160,000 employees
102 million clients
#1 Insurance Brand for the 5th consecutive time
Interbrand
AXA Group – Positioning a global player 1
Figures 21/02/2014
In 2013, the Group is increasingly profitable and accelerates its
transformation thanks to Ambition AXA
2013
102 million customers 1st insurance brand worldwide for the 5th year in a row
Revenues
+ 2%
Underlying earnings
+ 18%
Net income
+ 14%
Solvency (1)
206%
Debt gearing (2)
24%
Dividend 0.81 euro (3)
+13%
Earnings growth, supported by a strong balance sheet
A performance driven by Ambition AXA
Our digital transformation, a strategic priority
AXA Group – Positioning a global player 1
Activities Locations
Business strength
Rating Solvency ratio
S&P’s A+
Moody’s Aa3
Fitch AA- 206%
Figures 21/02/2014
AXA Group – Positioning a global player 1
Key figures
Pursuit of our
selective growth
A balanced contribution
from each business line
resulted in strong
increase in earnings
Figures 21/02/2014
AXA at a glance
AXA Group – Positioning a global player 1
Figures 21/02/2014
A performing business model Growth in all 3 lines of business
Growing business lines
Life & Savings APE in euro billion
Property & Casualty Revenues in euro billion
Asset Management Net flows in euro billion
* Retrospectively restated for the changes in the accounting standard for the calculation of Employee Benefits
Growing earnings
Underlying
earnings In euro billion
Adjusted
earnings In euro billion
Net income In euro billion
AXA Group – Positioning a global player 1
Figures 21/02/2014
Selectivity & Acceleration: an in-depth transformation of the Group Optimisation of the business mix in favour of more profitable segments
Life & Savings
New business sales (APE) in euro million
New business Value
Margin 22% 35%
Property & Casualty
Revenues in euro million
All Year
Combined Ratio
99.5% 96.6%
AXA Group – Positioning a global player 1
Figures 21/02/2014
Selectivity & Acceleration: an in-depth transformation of the Group Capital optimisation
AC
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ts
SE
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IVIT
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Dis
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* Transactions under finalisation
AXA Group – Positioning a global player 1
Figures 21/02/2014
Selectivity & Acceleration: an in-depth transformation of the Group Acceleration in high growth markets
50% of the worldwide growth
in the insurance sector
stems from high growth
markets
High growth markets
+17% FY10-FY13
CAGR
Life & Savings APE(1)
+15% FY10-FY13
CAGR
Property
& Casualty Revenues(2)
+28% FY10-FY13
CAGR
Underlying
Earnings
New markets
Acceleration in China
AXA Group – Positioning a global player 1
Figures 21/02/2014
Prevent, protect, repair 160,000 employees supporting 102 million customers
AXA Group – Positioning a global player 1
Figures 21/02/2014
Prevent, protect, repair Leveraging our expertise to better transform our responsibility into actions
AXA Group – Positioning a global player 1
Figures 21/02/2014
Prevent, protect, repair Strong assets to support our digital transformation
2. AXA in Belgium
AXA in Belgium 2
Network of 5,000 brokers & bank agents
4,700 employees
2,8 million clients
#1 in P&C Insurer and #3 Life Insurer
5th Bank on the Belgian Market
3 billion euros invested in real estate
AXA in Belgium 2
Top Employer 2014
Winner of 3 Decavi Non-Life
Insurance Awards for best product
in Car (Comfort Auto), Household
(Buildimo-Buildimax) and best brand
campaign (born to protect)
AXA in Belgium 2
The business model based on Insurance on the one hand and
Banking on the other hand allows AXA to provide its customers
– both individuals and corporate – with flexible products
matching their real needs while increasing its revenues
AXA in Belgium's operational result shows a sustainable growth
with a solid capital reserve and this in a challenging economical
context
Operating result In mio EUR
Figures 31/12/2013
* Belgian territory (IFRS) net income (before ALM allocation)
Net result * In mio EUR
Insurance
Solvency I = 138%
Bank
Core Tier 1 ratio = 16,5%
Net result * In mio EUR
AXA in Belgium 2
Executive Committee AXA Insurance in Belgium
KOSTER Frank Chief Executive Officer
DEPAEMELAERE Koen Head of Life, Savings & Protection
BEECKMAN Dirk Head of Retail P&C
VANDEN CAMP André Chief Operating Officer
ROTTIERS Sonja Chief Financial Officer
HENNAU Elie Chief Marketing Officer
SLITS Stéphane Chief Distribution Officer
SONNEVILLE Isabelle Chief Human Resources Officer, Communication & Corporate Responsibility
COUROUBLE Philippe Head of Corporate P&C
AXA in Belgium 2
Management Board AXA Bank Europe
VAN IN Jef CEO AXA Bank Europe
DE RYCKER Sabine Chief Operations Officer
SLITS Stéphane Chief Distribution Officer
VERCOUSTRE Emmanuel Deputy CEO - CFO
BELLEC Dominique Chief Risk Officer
GHYSEL Jeroen Chief Information Officer
3. AXA Belgium Property & Casualty
AXA Belgium – Property & Casualty 3
In car insurance three types of customer profiles meet three tailor made
product solutions: Protection, Premium and Essential.
For household for individuals, cosymo or cosymax home insurance
offer a full range of options clients can choose from to adapt their
contract to their actual needs.
Daylife Protect is a perfect complement for personal accidents as well as
an e-protection to cover online risks, innovative for the Belgian market.
Online and offline protection.
For SMEs, Talensia insurances packages are adapted to some sector-
specific activities.
Winner of the Decavi Insurance Award for Buildimo-Buildimax
(household) and Comfort Auto (Car).
P&C* turnover In mio EUR
P&C* operating result In mio EUR
Figures 31/12/2013
4. AXA Belgium Life & Savings
AXA Belgium – Life & Savings 4
In order to optimize the return of their savings investments, clients
choose for diversification in bank and insurance products offered by
AXA.
In insurance, the new hybrid product (branch 21 + 23) called Oxylife has
met great success, which allowed AXA to become one of the major
players in branch 23.
The ‘Life’ operating result increased by 12% in 2013, as compared to
2012.
‘Life’ turnover In mio EUR
‘Life’ operating result In mio EUR
Figures 31/12/2012
5. AXA Bank Europe
AXA Bank Europe 5
AXA Bank Europe is a challenger on the Belgian banking market focusing on a simple
and transparent retail offer in savings (ranked 6th on the Belgian market) and mortgage
credits (ranked 5th on the Belgian market).
15bn Euro retail savings portfolio is being reinvested in the Belgian economy through
15bn Euro of mortgage and personal loans to Belgian families, independents and very
small enterprises.
Because of recurrent low profitability on the Belgian market over the last few years, AXA
Bank Europe has launched early 2014 a transformation plan for the retail bank focusing
on proximity to its customers, a simplified and transparent product offer and an improved
customer experience leaning on a strong locally embedded network of independent
brokers and digital servicing tools
NNM & Pump Through (3)
In mio EUR
Net Loan Production (3)
In mio EUR
(1) With stable outlook 26/05/2014
(2) With stable outlook 09/05/2014
(3) Figures 31/12/2012. Belgian territory both for NNM (Net New Money) & Pump Through and Net Loan Production
Rating Standard & Poor's A/A-1(1)
Moody's A2/P-1(2)
6. AXA in Belgium
A responsible company
AXA in Belgium – A responsible company 6
Corporate Responsibility is part of AXA’s DNA (protection) as an insurance company strategically focuses on risk research and education
2 major risks identified in Belgium:
Climate change Longevity
AXA in Belgium – A responsible company 6
Activities
AXA encourages scientific research that contributes to understanding and
preventing environmental, life and socio-economic risks AXA Chair in Neurosciences and Longevity
Prof. Pierre Vanderhaeghen (ULB)
3 millions euros
At AXA we are all “Born to protect” AXA supports cancer research
Prof. Peter Carmeliet (VIB-KULeuven)
1 million euros
AXA ranked as the best global insurance brand and amongst the top 50
Best Global Green Brands
AXA in Belgium – A responsible company 6
CR-Partnerships Our partnerships show AXA’s commitment and contribution
to corporate responsibility
AXA supports Good Planet in their fight
against climate change
Competency based volunteering at Ateliers
de l’Avenir
Sponsoring of the Life Guards at the North
Sea
AXA in Belgium – A responsible company 6
CR-Partnerships Our partnerships show AXA’s commitment and contribution
to corporate responsibility
Main sponsor of the
Women on Board
Conference
200 AXA Hearts in
Action volunteers are
present at the
Special Olympics
Relay for Life: AXA supports the
Fondation contre le Cancer
in their efforts for fundraising
for cancer
AXA supports prevention projects
together with Les Chevaliers du
Cœur and La Ligue Cardiologique
AXA in Belgium – A responsible company 6
AXA’s corporate volunteering program AXA enables its employees to volunteer in local associations that fight against
social exclusion, climate change and pay attention to the consequences of longevity
Very positive impact on the corporate culture
22 correspondents committed
In 2013, 42% of staff involved
