AXA Egypt concludes fiscal 2021/2022 results with effective operational outcomes

AXA Egypt released its business results for the fiscal year 2021/2022, with growth rates and revenues above its expected target, as the surplus of insurance activity hit EGP 262 million. AXA Life Insurance Company recorded an activity surplus of about EGP 173 million, while AXA Insurance Company recorded an activity surplus of EGP 89 million. The policyholder’s equity reached EGP 10bn by the end of 2021/2022 fiscal year for AXA companies in Egypt, where AXA Life recorded EGP 9.3bn for policyholder’s equity while AXA General recorded almost EGP 700m for the same year. This affirms AXA’s robust strategy during its 7 years in the Egyptian market, providing all insurance products to its customers across all lines of business to meet their needs through innovative marketing and distribution channels.

AXA Group, represented by “AXA Life Insurance” and “AXA General Insurance” succeeded in achieving a total premium portfolio with a value of about EGP 5.1 billion during the fiscal year 2021/2022, as AXA Life Insurance achieved premiums of around EGP 4 billion, while AXA General Insurance achieved premiums amounting to about EGP 1.1 billion.