AXA SA (AXA:CA) Q1 2026 Sales/Trading Call May 6, 2026 3:00 AM EDT
Company Participants
Anu Venkataraman - Group Chief Strategy Officer & Head of Investor Relations
Alban Nesle - Group Chief Financial Officer
Conference Call Participants
David Barma - BofA Securities, Research Division
Farooq Hanif - JPMorgan Chase & Co, Research Division
Michael Huttner - Joh. Berenberg, Gossler & Co. KG, Research Division
Andrew Baker - Goldman Sachs Group, Inc., Research Division
William Hawkins - Keefe, Bruyette & Woods Limited, Research Division
Thomas Bateman - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Andrew Crean - Bernstein Autonomous LLP
Fahad Changazi - Kepler Cheuvreux, Research Division
Iain Pearce - BNP Paribas, Research Division
Pierre Chedeville - CIC CIB, Research Division
Presentation
Operator
Good morning, and thank you for standing by. Welcome to the AXA First Quarter 2026 Activity Indicators Call. [Operator Instructions] Please note that today's conference is being recorded. I would now like to hand the conference over to your speaker, Anu Venkataraman. Please go ahead.
Anu Venkataraman
Group Chief Strategy Officer & Head of Investor Relations
Good morning, and welcome to AXA's First Quarter 2026 Activity Indicators Call. Our Group CFO, Alban de Mailly Nesle, will walk you through the highlights, after which we'll be happy to take your questions. Alban?
Alban Nesle
Group Chief Financial Officer
Thank you, Anu. Good morning to all. Thank you for joining the call today. So let me start with the key highlights. As you saw, we delivered a strong performance in the first quarter of '26. Total revenues increased by 6% to EUR 38 billion, well balanced across lines of business and geographies. And our Solvency II ratio at 211% reflects the robustness of our balance sheet after the end of the grandfathering period of January 1.
In the quarter, the group's financial strength was further affirmed by
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