*Change in gross revenues is on a comparable basis (constant forex, scope and methodology).<\/p>\n
**Underlying earnings, underlying earnings per share, combined ratio, underlying return on equity and debt gearing are non-GAAP financial measures, or alternative performance measures (\u201cAPMs\u201d). A reconciliation from APMs underlying earnings, combined ratio, return on equity and underlying earnings per share to the most directly reconcilable line item, subtotal or total in the financial statements of the corresponding period is provided on pages 24\u00a0and 25\u00a0of AXA\u2019s 2022\u00a0Activity Report. The calculation methodology of the debt gearing is set out on page 25\u00a0of AXA\u2019s 2022\u00a0Activity Report. The above mentioned and other non-GAAP financial measures used in this press release are defined in the Glossary set forth on pages 64\u00a0to 71\u00a0of AXA\u2019s 2022\u00a0Activity Report.<\/p>\n
***Change in underlying earnings per share is on a reported basis.<\/p>\n
****The Solvency II ratio is estimated primarily using AXA\u2019s internal model calibrated based on an adverse 1\/200\u00a0years shock. For further information on AXA\u2019s internal model and Solvency II disclosures, please refer to AXA Group\u2019s Solvency and Financial Condition Report (SFCR) as of December 31, 2021, available on AXA\u2019s website (www.axa.com). The Solvency II ratio as of December 31, 2022\u00a0is adjusted to give effect to the full Euro 1.1\u00a0billion share buyback announced today.<\/p>\n
*****Following AXA\u2019s Board of Directors\u2019 approval on February 22, 2023\u00a0and expected to commence as soon as reasonably practicable, subject to market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"*Change in gross revenues is on a comparable basis (constant forex, scope and methodology). **Underlying earnings, underlying earnings…\n","protected":false},"author":2,"featured_media":50165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12864],"tags":[12870],"class_list":["post-50164","post","type-post","status-publish","format-standard","has-post-thumbnail","category-axa","tag-axa"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/50164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=50164"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/50164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/50165"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=50164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=50164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=50164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}