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AXA Corporate presentation 2014

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

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Page 1: 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

AXA Corporate

presentation

2014

Page 2: 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

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

Page 3: 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

Positioning a global player

1. AXA Group

Page 4: 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

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

Page 5: 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

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

Page 6: 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

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

Page 7: 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

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

Page 8: 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

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

Page 9: 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

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%

Page 10: 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

AXA Group – Positioning a global player 1

Figures 21/02/2014

Selectivity & Acceleration: an in-depth transformation of the Group Capital optimisation

AC

CE

LE

RA

TIO

N

Inve

stm

en

ts

SE

LE

CT

IVIT

Y

Dis

po

sals

* Transactions under finalisation

Page 11: 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

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

Page 12: 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

AXA Group – Positioning a global player 1

Figures 21/02/2014

Prevent, protect, repair 160,000 employees supporting 102 million customers

Page 13: 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

AXA Group – Positioning a global player 1

Figures 21/02/2014

Prevent, protect, repair Leveraging our expertise to better transform our responsibility into actions

Page 14: 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

AXA Group – Positioning a global player 1

Figures 21/02/2014

Prevent, protect, repair Strong assets to support our digital transformation

Page 15: 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

2. AXA in Belgium

Page 16: 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

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

Page 17: 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

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)

Page 18: 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

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

Page 19: 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

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

Page 20: 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

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

Page 21: 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

3. AXA Belgium Property & Casualty

Page 22: 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

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

Page 23: 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

Page 24: 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

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

Page 25: 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

5. AXA Bank Europe

Page 26: 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

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)

Page 27: 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

6. AXA in Belgium

A responsible company

Page 28: 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

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

Page 29: 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

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

Page 30: 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

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

Page 31: 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

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

Page 32: 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

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

Page 33: 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