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Sales Congress  2010 Hilton Athens 6.3.2010 Eric Kleijnen CEO
Evolution « after »  2008 financial downturn? ,[object Object],[object Object],[object Object],[object Object],The real economy is thrilling Industrial production (percent change) Baltic Exchange Dry Index
AXA Group : solid results in a volatile environment Solid earnings Increased financial  strength Strong rebound in  dividend  & Embedded Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Resilient business  and model ,[object Object],[object Object],[object Object]
AXA Group: Revenues Resilient vs. FY08  Revenues by segment 2,841 Asset Management 3,947 In Euro million FY08 International Insurance 412 Banking & Holdings 2,860 3,074 FY09 395 91,221 Revenues 90,124 P&C 26,039 26,174 L&S 57,977 57,620 +2% -25% % -2% -1% +1% -4% Mediterranean & LA region -32% -7% +13% +11% -6% +1%  Changes are on a comparable basis  NORCEE UK &Ireland North  America France Asia-Pacific  (incl. Japan)     * Excluding International Insurance, Asset Management, Banking and Holdings In Euro billion  Insurance revenues by region
A steady growth… 2004 2005 2006 2007 Merger with  Norwich Union  in the Gulf Region Acquisition of  Seguro Directo Acquisition of  Winterthur Acquisition of  Alpha Insurance   Acquisition of Minority Shareholder Joint Venture with  Monte dei Paschi  di Siena  (MPS) Acquisition of Minority Shareholder  Direct Seguros 2008 Acquisition of Minority Shareholder Acquisition of ING Seguros 2009 AXA launches a 2   B €  rights issue to  finance acquisition opportunities Romania  Algeria Serbia 2010 Bulgaria Albania Fyrom BALKANS Green fields Azerbaijan
Current situation of Greek main economic indicators GDP:  -1.2% (-2.5% anticipated in 2010) Public Deficit  12.7% of GDP in 2009 Stock Exchange  +22.93% Public debt  303 B€ in 2009 or 113% of GDP Unemployment  10.6% in Nov vs. 9.5% EU average Manufacturing  -7.6% Inflation  2.6% in 2009 vs. 1.4% Eu average 10 years bonds spreads  300  Private consumption  -1.5% Imports  -16%  Exports  -24.7% Residential construction  -28.1% as of Nov. 2009
Greece : insurance industry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],L&S P&C
Greece : insurance industry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
AXA Greece’s results  in a volatile environment In Euro million FY08 FY09 50/50 Combined ratio 94% 95% Gross revenues 100 110 FY10 94% 118 P&C In Euro million FY08 FY09 APE 20 15 Gross revenues 127 108 FY10 25 163 (?) NBV / APE ratio 12% 21% 25% AXA GREECE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],L&S
AXA in the Greek market AXA  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],+ - MARKET ,[object Object],[object Object],[object Object],[object Object],[object Object],OPPORTUNITIES THREATS ,[object Object],[object Object],[object Object]
Our strategic goals … Profitability ³ Property & Casualty ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Life & Savings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Moments of truth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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1 E Ks Presentation English

  • 1. Sales Congress 2010 Hilton Athens 6.3.2010 Eric Kleijnen CEO
  • 2.
  • 3.
  • 4. AXA Group: Revenues Resilient vs. FY08 Revenues by segment 2,841 Asset Management 3,947 In Euro million FY08 International Insurance 412 Banking & Holdings 2,860 3,074 FY09 395 91,221 Revenues 90,124 P&C 26,039 26,174 L&S 57,977 57,620 +2% -25% % -2% -1% +1% -4% Mediterranean & LA region -32% -7% +13% +11% -6% +1%  Changes are on a comparable basis  NORCEE UK &Ireland North America France Asia-Pacific (incl. Japan)     * Excluding International Insurance, Asset Management, Banking and Holdings In Euro billion  Insurance revenues by region
  • 5. A steady growth… 2004 2005 2006 2007 Merger with Norwich Union in the Gulf Region Acquisition of Seguro Directo Acquisition of Winterthur Acquisition of Alpha Insurance Acquisition of Minority Shareholder Joint Venture with Monte dei Paschi di Siena (MPS) Acquisition of Minority Shareholder Direct Seguros 2008 Acquisition of Minority Shareholder Acquisition of ING Seguros 2009 AXA launches a 2 B € rights issue to finance acquisition opportunities Romania Algeria Serbia 2010 Bulgaria Albania Fyrom BALKANS Green fields Azerbaijan
  • 6. Current situation of Greek main economic indicators GDP: -1.2% (-2.5% anticipated in 2010) Public Deficit 12.7% of GDP in 2009 Stock Exchange +22.93% Public debt 303 B€ in 2009 or 113% of GDP Unemployment 10.6% in Nov vs. 9.5% EU average Manufacturing -7.6% Inflation 2.6% in 2009 vs. 1.4% Eu average 10 years bonds spreads 300 Private consumption -1.5% Imports -16% Exports -24.7% Residential construction -28.1% as of Nov. 2009
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.