The French insurance group AXA significantly increased its premium income in the first quarter of the year. As the company reported after the close of trading in Paris on Thursday, revenues grew by six percent to 34 billion euros. The property and casualty sector, which is considered AXA's core business, developed particularly strongly, with an increase of seven percent.

Finance Chief Alban de Mailly Nesle Expressed Satisfaction with the Results and Emphasized the Very Good Development in All Business Areas. Life and Health Insurances as Well as Asset Management Also Recorded Revenue Growth, Highlighting the Broad Demand for the Group’s Products.

Despite Positive Business Development, Stock Market Responds Cautiously to the News. During trading at Euronext in Paris, AXA shares temporarily dropped by 1.22 percent to 31.48 euros on Friday. The decline could be attributed to different market expectations or external economic factors that influence the stock price independently of the quarterly results.